Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1060 Claremont Ave Ashland, OH 44805-3715

    Property Lookup

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

    1060 Claremont Ave Ashland, OH 44805-3715

    View on Map
    • Medical Office Space
    • 6,298 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US66-4076615
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1060 Claremont Ave

    Year built
    1959
    Lot size
    0.34 lot acres
    Property size
    6,298 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    P44-054-0-0059-00
    APU
    P440540005900

    Description

    This exceptional 644 square foot office suite, located at 1060 Claremont Ave in Ashland, Ohio (zip code 44805), is now available for lease. Situated within the Medical Arts Building, this single-tenant space boasts high visibility and ample off-street parking, ensuring convenient access for clients and employees. Recently remodeled and in pristine move-in condition, Suite 2 offers a welcoming reception area, three private offices, and a half-bathroom. The space is zoned B-1, making it suitable for a variety of professional uses. Utilities are conveniently divided, with the landlord covering water and sewage, while the tenant is responsible for electricity and gas. The property is located in Ashland County, Ohio, and offers a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space. This prime location ensures high traffic visibility, attracting potential clients and enhancing business presence. The suite's layout is designed for optimal functionality and productivity, providing a comfortable and efficient work environment. Lease commencement is scheduled for November 1, 2024. Don't miss this chance to secure this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Ashland
    State
    Ohio
    Longitude
    -82.3281
    Latitude
    40.8594
    CBSA code
    11740
    CBSA name
    ASHLAND, OH MICROPOLITAN 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
    $6,228
    $33,080
    $77,130
    $110,210
    -
    $94,500
    $220,370
    $314,870

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      Hillcrest Dr

      MEDICAL CLINIC • 0.24 Acres
      Hillcrest Dr, Ashland, OH 44805
      View Details
    • Value Estimation by Request
      0.09 Acres

      Ctr St

      MEDICAL CLINIC • 0.09 Acres
      Ctr St, Ashland, OH 44805
      View Details
    • Value Estimation by Request
      3,435 SF

      53 Sugarbush Ct

      MEDICAL BUILDING • 3,435 SF
      53 Sugarbush Ct, Ashland, OH 44805-9737
      View Details
    • Value Estimation by Request
      2,798 SF

      918 Katherine Ave

      MEDICAL BUILDING • 2,798 SF
      918 Katherine Ave, Ashland, OH 44805-3619
      View Details
    • Value Estimation
      $775,000
      6,500 SF

      1860 Main St

      MEDICAL BUILDING • 6,500 SF
      1860 Main St, Ashland, OH 44805-8956
      View Details
    • Value Estimation
      $925,000
      5,974 SF

      1100 Redwood Dr

      MEDICAL BUILDING • 5,974 SF
      1100 Redwood Dr, Ashland, OH 44805-4505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      300 SF

      Downtown Ashland Office Suites Available

      Multiple office suites available in downtown Ashland, Ohio.
      19 West Main St, Ashland, OH 44805
      View Details
    • Contact for pricing
      720 SF

      Office/Retail Space on Claremont Avenue

      720 SF office/retail space in Ashland, Ohio for sale.
      621 Claremont Ave, Ashland, OH 44805
      View Details
    • Contact for pricing

      2.46 Acre Development Opportunity

      2.46-acre parcel ideal for retail, office, hotel, automotive services.
      1992 E Main St, Ashland, OH 44805
      View Details
    • Contact for pricing
      29,300 SF

      Ashland Flex Warehouse For Sale

      Two-building flex warehouse on 4.2 acres in Ashland, Ohio.
      2395 Rock Rd, Ashland, OH 44805
      View Details
    • Contact for pricing
      1,000 SF

      Remodeled Retail or Office Space

      1,000 sq ft remodeled retail/office space in Ashland, OH.
      703 Cottage St, Ashland, OH 44805
      View Details
    • Contact for pricing
      22,300 SF

      Versatile Commercial Space in Ashland

      22,300 SF commercial space with office and warehouse areas.
      1 Hedstrom Dr, Ashland, OH 44805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,300 SF

      Ashland Warehouse with Office Space

      25,300 SF warehouse with office and restrooms for lease.
      2355 Rock Rd, Ashland, OH 44805
      View Details
    • Contact for pricing
      43,703 SF

      Retail or Flex Building

      Multi-tenant retail or flex building anchored by Tractor Supply Company.
      2300 Claremont Ave, Ashland, OH 44805
      View Details
    • Contact for pricing
      1,121 SF

      Retail Space in Ashland, OH

      Retail space available for lease in Ashland, Ohio.
      1004 Sugarbush Dr, Ashland, OH 44805
      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.
    1060 Claremont Ave
    Ashland, OH 44805-3715
    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

    Thank You for Inquiry

    1060 Claremont Ave, Ashland, OH, 44805

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!