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    1410 Water St Kent, OH 44240

    • Community centers
    • 74,699 SF
    • 15.29 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimation
    $355,000
    Last Sale
    Jan 29, 2020
    $320,000
    Location Intelligence
    Property ID
    US66-5483942
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • O'Reilly Auto Parts / Truck Accessories Store / Auto Parts Store

    Property Details for 1410 Water St

    Year built
    1956
    Lot size
    15.29 lot acres
    Property size
    74,699 SF
    Property type
    Community centers
    APN
    17-006-00-00-020
    APU
    170060000020

    Description

    University Plaza, a vibrant 129,714 square foot community center, presents a unique investment opportunity in Kent, Ohio. This single-story, multi-tenant property boasts a prime location at the intersection of South Water and Cherry Streets, a high-traffic corridor with over 21,000 vehicles passing daily. The property features a diverse mix of retail, office, and restaurant tenants, creating a synergistic environment. With 21 suites ranging from 633 to 18,018 contiguous square feet, there's flexibility to accommodate various business needs. The 15.29-acre lot provides ample space and four convenient ingress/egress points for easy access. Benefit from below-market rental rates and the strong draw of Kent State University, with its 33,000 students located nearby. The available 18,000 square foot junior anchor space includes loading docks, ideal for businesses requiring efficient logistics. This high-volume retail area serves a large population across Portage County, ensuring a robust customer base. The property is zoned commercial and has an APN of 17-006-00-00-020. This is an exceptional opportunity to acquire a well-positioned property in a thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $415,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $435,000
      Mixed-Use
      $395,000
      Hospitality
      $430,000
      Educational
      $425,000
      Residential Income
      $425,000
      Energy
      $455,000
      Income-Based Land
      $405,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3577
    Latitude
    41.1408
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,286
    $234,780
    $988,750
    $1,223,530
    -
    $670,800
    $2,825,000
    $3,495,800

    Comparable in this City

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      3975 Cascades Blvd

      MINI-MALL • 44,044 SF
      3975 Cascades Blvd, Kent, OH 44240-8053
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      $2,975,000
      31,792 SF

      1763 Main St

      MINI-MALL • 31,792 SF
      1763 Main St, Kent, OH 44240-2896
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    • Value Estimation by Request
      63,288 SF

      215 Water St

      MINI-MALL • 63,288 SF
      215 Water St, Kent, OH 44240-3525
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      8,541 SF

      1005 Main St

      MINI-MALL • 8,541 SF
      1005 Main St, Kent, OH 44240-2815
      View Details
    • Value Estimation
      $515,000
      10,162 SF

      4050 Cascades Blvd

      MINI-MALL • 10,162 SF
      4050 Cascades Blvd, Kent, OH 44240-8034
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Multiple retail spaces available in Kent, Ohio shopping center.
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      Retail Space Near Kent State

      Retail space with high visibility and ample parking available for lease.
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      View Details
    • Contact for pricing
      2,371 SF

      Mixed-Use Development in Kent, OH

      Mixed-use development with retail, restaurants, hotel, office, and residential.
      220 S Depeyster St, Kent, OH 44240
      View Details
    • Contact for pricing
      1,407 SF

      Mixed-Use Development in Kent, OH

      Mixed-use development near Kent State University with retail and office space.
      295 S Water St, Kent, OH 44240
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    • Contact for pricing
      1,356 SF

      Mixed-Use Development in Kent, OH

      Mixed-use development near Kent State University with retail and office space.
      215 S Water St, Kent, OH 44240
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    • $9 SF/Yr
      129,714 SF

      University Plaza: Retail & Office Space

      High-traffic Kent, OH retail/office center
      1410 Water St, Kent, OH 44240
      View Details
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    1410 Water St
    Kent, OH 44240
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    Realmo Value Estimation

    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.

    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.

    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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