Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5698 Hudson Dr Hudson, OH 44236
    Back to Search
    Property profile & analytics

    5698 Hudson Dr, Hudson, OH 44236

    View on Map
    • Warehouses
    • 20,320 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5698 Hudson Dr

    Year built
    2024
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    Introducing Standard Shops of Hudson, a Class A, 20,320 square foot office and industrial complex situated on 5.4 acres. This single-story building, completed in 2024, offers 14 suites with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 10,160 square feet. The property boasts 22-foot ceiling heights, 14 drive-in doors, and is ideally located in the Hudson submarket of the Cleveland Akron cluster, offering easy access to both Cleveland and Akron (20-35 minute commute). Units feature 14' x 16' powered overhead doors, available in sizes of 25'x50', 27'x50', and 30'x54'. Each suite includes insulated, remote-controlled garage doors with walk-in front doors, a private bathroom, single-phase power, powerful LED lighting, a water heater, floor drains, a utility sink, insulated walls and ceilings, firewalls, a hanging gas heater, access control systems, and security cameras with outdoor lighting. Mezzanine and full office build-outs are available. The property is zoned for Light Industrial use and presents a unique opportunity for businesses seeking modern, efficient, and conveniently located space in a thriving community. The Hudson submarket is known for its high median household income exceeding $160,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4458
    Latitude
    41.2175

    Comparable in this City

    • Value Estimation by Request

      7687 Ravenna Road Ext

      Distribution properties
      7687 Ravenna Road Ext, Hudson, OH 44236
      View Details
    • Value Estimation by Request
      3,126 SF

      219 Main St

      Individual retail properties
      219 Main St, Hudson, OH 44236
      View Details
    • Value Estimation
      $1,555,000
      111,230 SF

      6333 Hudson Xing Pkwy

      WAREHOUSE, STORAGE
      6333 Hudson Xing Pkwy, Hudson, OH 44236-4346
      View Details
    • Value Estimation
      $1,995,000
      144,920 SF

      5581 Hudson Industrial Pkwy

      WAREHOUSE, STORAGE
      5581 Hudson Industrial Pkwy, Hudson, OH 44236-5019
      View Details
    • Value Estimation
      $11,350,000
      149,850 SF

      10069 Wellman Rd

      WAREHOUSE, STORAGE
      10069 Wellman Rd, Hudson, OH 44236
      View Details
    • Value Estimation
      $640,000
      28,451 SF

      5600 Hudson Industrial Pkwy

      WAREHOUSE, STORAGE
      5600 Hudson Industrial Pkwy, Hudson, OH 44236-5009
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial/Industrial Property on Route 8

      Flexible commercial/industrial space with high visibility on State Route 8.
      6337 Chittenden Rd, Hudson, OH 44236
      View Details
    • $3,000,000
      73.19 Acres

      Hudson, OH Commercial Land

      73 acres of commercial land with development potential in Hudson.
      1 Approx. 73.19 Patriot Pkwy, Hudson, OH 44236
      View Details
    • $975,000
      17.30 Acres

      Hudson, OH Commercial Land

      17.3 acres of commercial land with development options.
      2 Approx 17.3 Acres Patriot Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing
      40,000 SF

      Spacious Office and Warehouse Facility

      40,000 SF building with office and warehouse space for lease.
      1100 Terex Rd, Hudson, OH 44236
      View Details
    • Contact for pricing

      Prime Land Opportunity in Hudson

      4.95 acres with frontage on Akron Cleveland Road.
      5818 Akron Cleveland Rd, Hudson, OH 44236
      View Details
    • $1,125,000
      8.95 Acres

      Hudson, OH Commercial Land

      Prime commercial land with development options between Akron and Cleveland.
      3 Approx 8.95 Acres Patriot Pkwy, Hudson, OH 44236
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property in Hudson, Ohio

      Industrial property with docks and drive-in doors, near SR 8.
      5600 Hudson Industrial Pkwy, Hudson, OH 44236
      View Details
    • $5 SF/Yr
      1,400,000 SF

      Northeast Ohio Industrial Leasing Opportunity

      1,400,000 SF industrial space suitable for various business uses.
      5555 Darrow Rd, Hudson, OH 44236
      View Details
    • Contact for pricing

      Warehouse/Distribution Space For Lease

      Warehouse and distribution suites available with convenient highway access.
      1217 Norton Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      17,400 SF

      Hudson Industrial Space Available

      17,400 SF industrial space for rent in Hudson, Ohio.
      5282 Hudson Dr, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,740 SF

      Furnished Office Space Available

      Furnished office space with private entrance and multiple amenities.
      561 Boston Mills Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,000 SF

      Hudson Industrial Flex Space Available

      3,000 SF flex space with drive-in access for lease.
      5685 Hudson Industrial Pkwy, Hudson, OH 44236
      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.
    5698 Hudson Dr
    Hudson, OH 44236
    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

    Thank You for Inquiry
    5698 Hudson Dr, Hudson, OH, 44236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!