Financial
Distress signals
Property profile

9988 Kinsman Rd Novelty, OH 44072

FOR SALE
Other warehouses
Property ID
US66-2407641
100,617 SF 1.6 ac lot Built 1963
Last sale May 2002 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Newbury Industrial Center is a multi-tenant industrial property totaling 113,920 square feet, situated on a land area of more than 19 acres. The center is configured to accommodate multiple tenants and has historically maintained strong leasing performance, with a tenant roster that has included businesses such as Ravago Chemical Distribution, Arc-Hound Welding, Koala Motor Sport, and Chagrin Pet. The roof systems have been maintained and are described as well-kept.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$29k
Tax billed · 2023
Assessed value$568k
Assessed land$29k
Assessed improvement$539k
Effective rate5.10%

Value estimate

· Sep 2026
$845k
$761k – $930k
Submarket $/SF estimate$1.78M
NOI build-up
Gross scheduled income$1.08M
Vacancy & credit loss−$73k
Operating expenses−$302k
NOI · 15.46% cap applied$704k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$28/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$18 – $41

Cap rate analysis

How does the asset earn?
15.46%
$704k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGEAUGA

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store8.7
Hair Salon8.7
Electrical Service8.2

Location

9988 Kinsman Rd Novelty, OH 44072
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 2 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14800 Munnberry, Novelty, OH 44072 $475,000 Jan 2023 16,000 SF
10076 Kinsman, Novelty, OH 44072-9675 $14,000 May 2019 3,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
2 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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