Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1844 Franks Pkwy Green, OH 44232

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1844 Franks Pkwy Green, OH 44232

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1844 Franks Pkwy

    Property type
    Land

    Description

    This exceptional 0.952-acre land parcel presents a unique development opportunity. Located at 1844 Franks Parkway, the property boasts a prominent position offering stunning views of Massillon Road. Its single-tenant designation provides flexibility for a variety of potential uses. The lot's convenient east access ensures easy visitor ingress and egress, enhancing its appeal for both commercial and potential residential development. The property's APN is 2816481, and it is situated in Summit County. Given its size and location, this land offers significant potential for investors seeking a high-visibility site with excellent accessibility. The absence of existing buildings allows for complete design freedom, catering to a wide range of development plans. The property's strategic location and visibility make it an ideal candidate for a variety of commercial ventures, potentially attracting significant attention from prospective businesses and customers. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel presents. The property is ready for immediate development, offering a streamlined path to realizing your vision. This is a rare opportunity to acquire a prime piece of land in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Green
    County
    Summit
    State
    Ohio
    Longitude
    -81.4633
    Latitude
    40.9585

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      1844 Franks Pkwy

      VACANT COMMERCIAL LAND • 0.95 Acres
      1844 Franks Pkwy, Green, OH 44232
      View Details
    • Value Estimation by Request
      3.44 Acres

      Stake Dr

      VACANT COMMERCIAL LAND • 3.44 Acres
      Stake Dr, Green, OH 44232
      View Details
    • Value Estimation
      $1,540,000
      81,230 SF

      3875 Massillon Rd

      SHOPPING CENTER, STRIP CENTER • 81,230 SF
      3875 Massillon Rd, Green, OH 44232
      View Details
    • Value Estimation by Request
      2,004 SF

      1840 Franks Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,004 SF
      1840 Franks Pkwy, Green, OH 44232
      View Details
    • Value Estimation
      $1,850,000
      41,512 SF

      3325 Fortuna Dr

      HOTEL • 41,512 SF
      3325 Fortuna Dr, Green, OH 44232
      View Details
    • Value Estimation by Request
      2,736 SF

      4655 Massillon Rd

      VEHICLE SALES, RENTALS • 2,736 SF
      4655 Massillon Rd, Green, OH 44232
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Green

      Land available for lease in Green, Ohio.
      5615 Massillon Rd, Green, OH 44232
      View Details
    • Contact for pricing
      3,035 SF

      Retail Space in Green, Ohio

      Retail space available in grocery-anchored shopping center.
      3875 Massillon Rd, Green, OH 44232
      View Details
    • Contact for pricing
      100,000 SF

      Industrial Space with High Ceilings

      100,000 sq ft industrial space for lease.
      5555 Massillon Rd, Green, OH 44232
      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.
    1844 Franks Pkwy
    Green, OH 44232
    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.
    Sign Up Successful!
    You now have access to more from Realmo!