Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16820 Dresden Ave East Liverpool, OH 43920

    • Neighborhood centers
    • 67,265 SF
    • 7.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 16820 Dresden Ave

    Year built
    1991
    Lot size
    7.69 lot acres
    Property size
    67,265 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Summit Square, a 67,265 square foot single-story retail strip center in East Liverpool, Ohio, presents a compelling investment opportunity. Built in 1991 and extensively renovated in 2022, this property boasts a prime location at 16820 Dresden Ave, 43920, directly accessible from US 11/30. The center is anchored by a Walmart Supercenter and a newly opened TJ Maxx, ensuring strong traffic and established tenant success. A significant 6,109 square foot space is currently available for lease. Situated on 7.69 acres (APN 6107848000) in Columbiana County, Summit Square benefits from exceptional highway visibility and signage. Its strategic location within a "border town" trade area encompassing parts of Pennsylvania, West Virginia, and multiple Ohio counties, has fostered consistent sales growth for existing tenants since its construction. The recent façade renovation enhances the property's appeal and ensures its continued success. This center offers a rare combination of established tenancy, high traffic volume, and excellent access, making it an ideal investment for long-term growth. The property's strong anchors and convenient location guarantee a thriving retail environment for years to come.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Liverpool
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.587
    Latitude
    40.6633

    Comparable in this City

    • Value Estimation by Request
      15,750 SF

      15549 State Rte 170

      SHOPPING CENTER, STRIP CENTER • 15,750 SF
      15549 State Rte 170, East Liverpool, OH 43920-9216
      View Details
    • Value Estimation by Request
      3,480 SF

      16813 Saint Clair Ave

      SHOPPING CENTER, STRIP CENTER • 3,480 SF
      16813 Saint Clair Ave, East Liverpool, OH 43920-9480
      View Details
    • Value Estimation
      $1,335,000
      29,941 SF

      15849 State Rte 170

      SHOPPING CENTER, STRIP CENTER • 29,941 SF
      15849 State Rte 170, East Liverpool, OH 43920-9633
      View Details
    • Value Estimation
      $810,000
      19,381 SF

      16761 Saint Clair Ave

      SHOPPING CENTER, STRIP CENTER • 19,381 SF
      16761 Saint Clair Ave, East Liverpool, OH 43920-9400
      View Details
    • Value Estimation by Request
      11,949 SF

      16572 Saint Clair Ave

      SHOPPING CENTER, STRIP CENTER • 11,949 SF
      16572 Saint Clair Ave, East Liverpool, OH 43920-9420
      View Details
    • Value Estimation by Request

      15937 Oh-170

      Office Properties & Spaces
      15937 Oh-170, Calcutta, OH 43920
      View Details

    Similar Nearby for Sale

    • $255,000
      13,288 SF

      Redevelopment Property with Redevelopment Potential

      Redevelopment property suitable for office, retail, or multifamily use.
      115 W 5Th St, East Liverpool, OH 43920
      View Details
    • $1,428,596
      12,406 SF

      Dollar General NNN Lease Property

      NNN leased Dollar General store built in 2014.
      1363 Pennsylvania Ave, East Liverpool, OH 43920
      View Details
    • $550,000
      0.93 Acres

      Calcutta Retail Opportunity For Sale

      13,095 SF retail building in Calcutta's Business District.
      16088 Oh-170, Calcutta, OH 43920
      View Details
    • Contact for pricing
      2.67 Acres

      Land in East Liverpool, OH

      Land for sale in East Liverpool, Ohio.
      139 Huntington Ct, East Liverpool, OH 43920
      View Details
    • Contact for pricing
      1.04 Acres

      Land in East Liverpool, OH

      Land available in East Liverpool, Ohio.
      147 Huntington Ct, East Liverpool, OH 43920
      View Details
    • $616,000
      15.40 Acres

      15.4-Acre Commercial Land, Ohio

      Prime Ohio commercial/industrial land. Excellent location & access.
      5 Mcguffey Dr, East Liverpool, OH 43920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,652 SF

      Dunham's Plaza Retail Space Available

      Prime Columbiana County retail space; multiple suites, flexible sizes.
      15765 State Route 170, Calcutta, OH 43920
      View Details
    • Contact for pricing
      2,004 SF

      Potter's Plaza Retail Space

      Prime Calcutta Retail, 2,000 SF Available
      15849 State Route 170, Calcutta, OH 43920
      View Details
    • Contact for pricing
      4,725 SF

      Retail Space in Summit Square

      Retail space available in established shopping center near major highway.
      16280 Dresden Ave, E Liverpool, OH 43920
      View Details
    • $9 SF/Yr
      1,290 SF

      Retail Space with Plumbing

      Former hair salon with plumbing and ample parking.
      2290 Saint Clair Ave, East Liverpool, OH 43920
      View Details
    • $6 SF/Yr
      13,000 SF

      East Liverpool Retail Space Available

      Prime East Liverpool retail space, multiple suites.
      615 Walnut St, East Liverpool, OH 43920
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16820 Dresden Ave
    East Liverpool, OH 43920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.