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    10242 State Rte 43 Streetsboro, OH 44241-4943

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    10242 State Rte 43 Streetsboro, OH 44241-4943

    View on Map
    • High-rise multifamily apartments
    • 435,216 SF
    • 31.88 lot acres
    Off-Market
    Last Sale Sep 27, 2024
    $40,375,000
    Property ID
    US66-2830800
    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.
    Value Estimations
    $40,375,000
    Show details
    Cap Rate Potential
    8.7%
    High-rise multifamily apartments
    Location Intelligence

    Current Use by Public Records

    • High-rise multifamily apartments

    Property Details for 10242 State Rte 43

    Lot size
    31.88 lot acres
    Property size
    435,216 SF
    Property type
    High-rise multifamily apartments
    APN
    35-006-00-00-006-001
    APU
    350060000006001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $40,375,000
      ML approach
      $40,375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $58,440,000
      6.5%
      $53,945,000
      7%
      $50,090,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $33,100,000
      Current use
      AUTO REPAIR, GARAGE
      $33,505,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $30,925,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $30,685,000
      Change: -7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $27,595,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.3425
    Latitude
    41.2698
    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
    $33,822
    $408,070
    $0.00
    $408,070
    -
    $1,165,900
    $0.00
    $1,165,900

    Comparable in this City

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      State Rte 14

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    • Value Estimation
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      1,458 SF

      State Rte 303

      MOBILE HOME PARK, TRAILER PARK • 1,458 SF
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    • Value Estimation
      $1,385,000
      1,200 SF

      187 State Rte 303

      CAMPGROUND, RV PARK • 1,200 SF
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    • Value Estimation by Request
      4,303 SF

      9950 State Rte 43

      MOBILE HOME PARK, TRAILER PARK • 4,303 SF
      9950 State Rte 43, Streetsboro, OH 44241
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      90,900 SF

      7.1 Acre Commercial Land Parcel

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      27,000 SF

      Streetsboro Industrial Land For Sale

      3.44 acres of industrial land in Streetsboro, Ohio.
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      78 Acres in Growing Corridor

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      78 Acres Development Land Available

      78 acres of land with development potential in Streetsboro, Ohio.
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      12,000 SF

      Streetsboro Commercial Property For Sale

      High-visibility commercial property with income potential and expansion possibilities.
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      125,000 SF

      Streetsboro Land For Sale

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    Similar Nearby for Lease

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      150,000 SF

      Modern Distribution Space For Sublease

      Modern distribution space available for sublease through March 2033.
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      130,257 SF

      Streetsboro Warehouse and Distribution Space

      130,257 SF warehouse with modern amenities in Streetsboro, OH.
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    • $6 SF/Yr
      27,812 SF

      Streetsboro Industrial Flex Space

      27,812 SF industrial flex space available Q2 2026.
      1818 Miller Pkwy, Streetsboro, OH 44241
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      89,436 SF

      Streetsboro Crossing Retail Space For Lease

      High-traffic shopping center; spaces available.
      1280 Oh-303, Streetsboro, OH 44241
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      Retail Space in Streetsboro, OH

      Retail spaces available for lease in Streetsboro, Ohio.
      9244 Market Square Dr, Streetsboro, OH 44241
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    • Contact for pricing

      Professional Offices on State Route

      Updated offices with utilities included, high visibility location.
      9244 Oh-43, Streetsboro, OH 44241
      View Details
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    10242 State Rte 43
    Streetsboro, OH 44241-4943
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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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