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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10050 Wellman Rd Streetsboro, OH 44241-1611

    • Warehouses
    • 12,600 SF
    • 2.38 lot acres
    OFF-MARKET
    Last Sale
    Jan 23, 2025
    $924,000
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6085533
    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

    • Resinet Barrier Fence / General Contractor / Construction Company
    • Chain Link Fence Pipe / Big Box & Wholesale Store / Building Supply
    • Forevergreen privacy hedge / General Contractor / Construction Company
    • Minor's Tree Service LLC / Landscaping / General Contractor
    • KTS Equipment / Big Box & Wholesale Store

    Property Details for 10050 Wellman Rd

    Year built
    1951
    Lot size
    2.38 lot acres
    Property size
    12,600 SF
    Property type
    Warehouses
    APN
    35-011-00-00-012
    APU
    350110000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,000,000
      6.5%
      $925,000
      7%
      $860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $841,000
      Market price range: $358k - $1.29M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $800,000
      Current use
      AUTO REPAIR, GARAGE
      $970,000
      Change: +21% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $960,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $895,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $890,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.383
    Latitude
    41.2648
    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
    $12,025
    $41,060
    $140,280
    $181,340
    -
    $117,300
    $400,800
    $518,100

    Comparable in this City

    • Value Estimation
      $12,640,000
      348,301 SF

      9300 Jefferson St

      WAREHOUSE, STORAGE • 348,301 SF
      9300 Jefferson St, Streetsboro, OH 44241-4538
      View Details
    • Value Estimation
      $12,565,000
      340,850 SF

      9777 Mopar Dr

      WAREHOUSE, STORAGE • 340,850 SF
      9777 Mopar Dr, Streetsboro, OH 44241-5220
      View Details
    • Value Estimation
      $620,000
      13,300 SF

      1240 Ethan Ave

      WAREHOUSE, STORAGE • 13,300 SF
      1240 Ethan Ave, Streetsboro, OH 44241-4976
      View Details
    • Value Estimation
      $870,000
      20,000 SF

      1800 Miller Pkwy

      WAREHOUSE, STORAGE • 20,000 SF
      1800 Miller Pkwy, Streetsboro, OH 44241-5067
      View Details
    • Value Estimation
      $9,160,000
      145,400 SF

      555 Mondial Pkwy

      WAREHOUSE, STORAGE • 145,400 SF
      555 Mondial Pkwy, Streetsboro, OH 44241-4510
      View Details
    • Value Estimation
      $3,835,000
      90,305 SF

      9450 Rosemont Dr

      WAREHOUSE, STORAGE • 90,305 SF
      9450 Rosemont Dr, Streetsboro, OH 44241-4563
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.00 Acres

      Streetsboro Warehouse Land - 7 Acres

      Build-to-suit warehouse, I-1 & C-3 zoning.
      0 Jefferson St, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      27,812 SF

      Streetsboro Industrial/Manufacturing Opportunity

      Versatile industrial/manufacturing space with excellent highway access.
      1818 Miller Pkwy, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      61.10 Acres

      Gateway Commerce Center: 61 Acres

      Streetsboro, OH industrial land; build-to-suit.
      0 Gaynelle Ave, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      10.23 Acres

      Streetsboro Warehouse - 10 Acres

      Build-to-suit warehouse; I-1 & C-3 zoning.
      0 Mondial Pkwy, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      1,536 SF

      Streetsboro Flex/Industrial Property For Sale

      High-visibility flex/industrial property with income potential in Streetsboro, OH.
      8929 State Route 14, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      3.44 Acres

      Streetsboro Industrial Property For Sale

      27,000 SF Retail/Industrial, 3.44 Acres
      0 Philipp Pkwy & Frost Rd, Streetsboro, OH 44241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,662 SF

      Streetsboro Industrial Manufacturing Space

      57,662 SF Warehouse, Excellent Location
      10160 Philipp Pkwy, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      130,257 SF

      Streetsboro Warehouse and Distribution Space

      130,257 SF warehouse with modern amenities in Streetsboro, OH.
      675 Mondial Pkwy, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      150,000 SF

      Modern Distribution Space For Sublease

      Modern distribution space available for sublease through March 2033.
      10069 Wellman Rd, Streetsboro, OH 44241
      View Details
    • $10 SF/Yr
      6,855 SF

      Streetsboro Flex Space Available

      6,855 SF flex space for sublease in Streetsboro, Ohio.
      555 Frost Rd, Streetsboro, OH 44241
      View Details
    • $600 /Mo
      31,450 SF

      Office Space with Shared Amenities

      Office space with shared amenities and flexible lease terms.
      9205 State Route 43, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      89,436 SF

      Streetsboro Crossing Retail Space For Lease

      High-traffic shopping center; spaces available.
      1280 Oh-303, Streetsboro, OH 44241
      View Details
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    Streetsboro, OH 44241-1611
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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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