Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 Johnson St Stn Louisville, OH 44641-1062

    • Garden apartment buildings
    • 6,912 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2025
    $660,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5746896
    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

    • Garden apartment buildings

    Property Details for 1005 Johnson St Stn

    Year built
    1972
    Construction
    BRICK
    Lot size
    0.57 lot acres
    Property size
    6,912 SF
    Property type
    Garden apartment buildings
    APN
    36-03384
    APU
    3603384

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $491,000
      Market price range: $240k - $1.11M
      AI Estimate
      $573,000
      Market price range: $237k - $1.11M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $540,000
      Current use
      RESTAURANT
      $810,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $690,000
      Change: +27% Conversion: Difficult
      MEDICAL BUILDING
      $630,000
      Change: +16% Conversion: Moderate
      RETAIL STORES
      $605,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $595,000
      Change: +9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Stark
    State
    Ohio
    Longitude
    -81.2626
    Latitude
    40.8444
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, 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
    $2,611
    $33,180
    $58,380
    $91,560
    -
    $94,800
    $166,800
    $261,600

    Comparable in this City

    • Value Estimation by Request
      6,816 SF

      1023 Chapel St

      GARDEN APT, COURT APT (5+ UNITS) • 6,816 SF
      1023 Chapel St, Louisville, OH 44641-1055
      View Details
    • Value Estimation by Request
      3,550 SF

      292 Kennedy St

      GARDEN APT, COURT APT (5+ UNITS) • 3,550 SF
      292 Kennedy St, Louisville, OH 44641-1072
      View Details
    • Value Estimation
      $1,160,000
      7,372 SF

      110 Frana Clara St

      GARDEN APT, COURT APT (5+ UNITS) • 7,372 SF
      110 Frana Clara St, Louisville, OH 44641-1068
      View Details
    • Value Estimation
      $1,160,000
      6,912 SF

      130 Frana Clara St

      GARDEN APT, COURT APT (5+ UNITS) • 6,912 SF
      130 Frana Clara St, Louisville, OH 44641-1056
      View Details
    • Value Estimation
      $1,160,000
      6,912 SF

      131 Frana Clara St

      GARDEN APT, COURT APT (5+ UNITS) • 6,912 SF
      131 Frana Clara St, Louisville, OH 44641-1057
      View Details
    • Value Estimation
      $785,000
      8,622 SF

      1451 Chapel St

      GARDEN APT, COURT APT (5+ UNITS) • 8,622 SF
      1451 Chapel St, Louisville, OH 44641-2477
      View Details

    Similar Nearby for Sale

    • New
      $269,900
      Pending

      Spacious Duplex in Louisville, OH

      Well-maintained duplex near downtown, Metzger Park, and Louisville Schools.
      1715 High St, Louisville, OH 44641
      View Details
    • $1,900,000
      11,448 SF

      Louisville Medical Office Investment

      High-yield medical office building, NNN lease.
      1909 Williamsburg Way, Louisville, OH 44641
      View Details
    • $3,200,000

      64 Acres Development Opportunity

      64 acres of commercial land for sale near major routes.
      6200 Crock St NE, Louisville, OH 44641
      View Details
    • $150,000
      868 SF

      Historic Louisville Commercial Building

      Prime Main Street location, high traffic.
      110 Main St, Louisville, OH 44641
      View Details
    • Contact for pricing

      Industrial Land with Rail Access

      Over 230 acres of industrial land with rail access.
      Energy Dr, Louisville, OH 44641
      View Details
    • $1,509,200

      37+ Acres Development Opportunity

      Land available near Route 62 and Route 44 interchange.
      7319 Reno Dr, Louisville, OH 44641
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      69,260 SF

      Versatile Industrial Space For Rent

      Adaptable industrial building suitable for manufacturing, storage, or office use.
      4043 Beck Ave, Louisville, OH 44641
      View Details
    • $1.00 SF/Yr

      Versatile Industrial Space For Rent

      Adaptable industrial space perfect for manufacturing, storage, or office use.
      4043 Beck Ave, Louisville, OH 44641
      View Details
    • $12 SF/Yr
      25,500 SF

      Class A Office Building Suites

      Class A office building with flexible configurations and full-service lease.
      2321 Energy Dr, Louisville, OH 44641
      View Details
    • $9 SF/Yr
      85,750 SF

      KMG Center: Premier Louisville Office Space

      Modern Office Building, 50,000 SF Available
      2321 Energy Dr, Louisville, OH 44641
      View Details
    • $7 SF/Yr
      6,100 SF

      Remodeled Flex Space with Highway Access

      Remodeled flex space with drive-in doors and highway access.
      4175 Fargo Ave, Louisville, OH 44641
      View Details
    • Contact for pricing

      69.93 Acres Land For Lease

      69.93 acres available for build to suit or land lease.
      4955-4983 Broadway Ave, Louisville, OH 44641
      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.
    1005 Johnson St Stn
    Louisville, OH 44641-1062
    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.