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    51 130Th St Hinckley, OH 44233

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    51 130Th St Hinckley, OH 44233

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    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Love That Permanent Jewelry / (Bike/Boat/Book/etc) Store
    • Data Dynamix / (Bike/Boat/Book/etc) Store / Corporate Office
    • Fairwinds Construction LLC / Roofing Company / General Contractor
    • Amanda Pfahl - State Farm Insurance Agent / Insurance Agency

    Property Details for 51 130Th St

    Property type
    Office properties & Spaces

    Description

    51 West 130th Street in Hinckley, Ohio presents a fantastic opportunity to lease a well-maintained office suite. This traditional office space, totaling 360 square feet, is immediately available and perfect for a small business or individual seeking a professional workspace outside of a home office environment. The suite is located within a clean and attractive building, offering a welcoming common area/lobby for clients and visitors. The building's location in Hinckley provides easy access to local amenities and transportation routes. This is a single-suite offering within a multi-tenant building, ensuring a balance of privacy and community. The space is ideal for a variety of professional uses and is ready for immediate occupancy. A one-year minimum lease term is required. The property is situated at 51 W 130th St, Hinckley, OH 44233, in Medina County. This presents a cost-effective solution for businesses needing a professional office presence in a convenient location. The suite is ready for immediate move-in, allowing for a quick and seamless transition to your new workspace. Contact us today to schedule a viewing and secure this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hinckley
    County
    Medina
    State
    Ohio
    Longitude
    -81.7844
    Latitude
    41.2751

    Comparable in this City

    • Value Estimation
      $3,035,000
      29,904 SF

      2601 Ctr Rd, Unit 21

      CONDOMINIUM OFFICES • 29,904 SF
      2601 Ctr Rd, Hinckley, OH 44233-9562
      View Details
    • Value Estimation
      $1,700,000
      16,752 SF

      2601 Ctr Rd, Unit 21

      CONDOMINIUM OFFICES • 16,752 SF
      2601 Ctr Rd, Hinckley, OH 44233-9562
      View Details
    • Value Estimation by Request
      732 SF

      Bellus Rd

      OFFICE BUILDING • 732 SF
      Bellus Rd, Hinckley, OH 44233
      View Details
    • Value Estimation
      $885,000
      3,000 SF

      2569 Ctr Rd

      OFFICE BUILDING • 3,000 SF
      2569 Ctr Rd, Hinckley, OH 44233-9561
      View Details
    • Value Estimation by Request
      3,000 SF

      2557 Ctr Rd, Unit 5

      OFFICE BUILDING • 3,000 SF
      2557 Ctr Rd, Hinckley, OH 44233-9561
      View Details
    • Value Estimation
      $885,000
      3,000 SF

      2557 Ctr Rd, Unit 6

      OFFICE BUILDING • 3,000 SF
      2557 Ctr Rd, Hinckley, OH 44233-9561
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Available

      2 AC divisible land with high traffic and income.
      2733 Center Rd, Hinckley, OH 44233
      View Details
    • Contact for pricing

      Industrial Land Available

      4.0 acres of industrial land with utilities available.
      W 130Th St, Brunswick, OH 44233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Hinckley Office Space Available

      2,500 SF office space for lease in Hinckley, OH.
      2557-2581 Center Rd, Hinckley, OH 44233
      View Details
    • Contact for pricing

      Industrial Condo with Office Space

      6,000 SF industrial condo with office and warehouse space.
      2557 Center Rd, Hinckley, OH 44233
      View Details
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    Hinckley, OH 44233
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    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
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