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

    10603 Back Orrville Rd Orrville, OH 44667-9429

    • Auto shops
    • 11,200 SF
    • 3.24 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2022
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2067729
    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

    • Auto shops

    Property Details for 10603 Back Orrville Rd

    Year built
    2006
    Lot size
    3.24 lot acres
    Property size
    11,200 SF
    Property type
    Auto shops
    APN
    32-00141-001
    APU
    3200141001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $894,000
      Market price range: $461k - $1.57M
      AI Estimate
      $923,000
      Market price range: $433k - $1.45M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $890,000
      Current use
      RESTAURANT
      $1,370,000
      Change: +54% Conversion: Difficult
      OFFICE BUILDING
      $1,180,000
      Change: +33% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,035,000
      Change: +16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orrville
    County
    Wayne
    State
    Ohio
    Longitude
    -81.7888
    Latitude
    40.8291
    CBSA code
    49300
    CBSA name
    WOOSTER, 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
    $12,360
    $24,850
    $147,110
    $171,960
    -
    $70,990
    $420,300
    $491,290

    Comparable in this City

    • Value Estimation
      $1,015,000
      12,000 SF

      1545 Main St

      AUTO REPAIR, GARAGE • 12,000 SF
      1545 Main St, Orrville, OH 44667-9170
      View Details
    • Value Estimation
      $1,170,000
      938 SF

      10020 Lincoln E Way

      AUTO REPAIR, GARAGE • 938 SF
      10020 Lincoln E Way, Orrville, OH 44667
      View Details
    • Value Estimation by Request
      5,400 SF

      226 Elm St

      AUTO REPAIR, GARAGE • 5,400 SF
      226 Elm St, Orrville, OH 44667-1839
      View Details
    • Value Estimation by Request
      7,560 SF

      318 Elm St

      AUTO REPAIR, GARAGE • 7,560 SF
      318 Elm St, Orrville, OH 44667-1841
      View Details
    • Value Estimation by Request
      2,045 SF

      451 Market St

      AUTO REPAIR, GARAGE • 2,045 SF
      451 Market St, Orrville, OH 44667-1822
      View Details
    • Value Estimation by Request
      2.08 Acres

      High St

      PARKING GARAGE, PARKING STRUCTURE • 2.08 Acres
      High St, Orrville, OH 44667
      View Details

    Similar Nearby for Sale

    • $1,285,000
      6,040 SF

      Flex Building with Long-Term Tenant

      12-unit flex building with established tenant and service garage.
      1793 North Main St, Orrville, OH 44667
      View Details
    • $795,000

      Orrville Retail and Office Plaza

      Retail/office plaza with warehouse space in Orrville, Ohio.
      330 West High St, Orrville, OH 44667
      View Details
    • New
      $287,000
      1.21 Acres

      Orrville Multifamily Investment Opportunity

      Multifamily property with income potential in Orrville, Ohio.
      11657 Back Massillon Rd, Orrville, OH 44667
      View Details
    • $425,000
      2.67 Acres

      Orrville Commercial Land - 2.67 Acres

      Prime Orrville commercial lot, C-3 zoning.
      1414 Main St, Orrville, OH 44667
      View Details
    • $895,000
      22,271 SF

      Prime Orrville Medical Office Building

      22,271 SF Medical Office - Vacant
      365 Crown Hill Rd, Orrville, OH 44667
      View Details
    • $425,000

      Commercial Land on North Main

      Located on North Main Street in Orrville, Ohio.
      1414 N Main St, Orrville, OH 44667
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Orrville Retail/Office Space Available

      Office and retail spaces for lease near major employers.
      219-427 Hostetler Rd, Orrville, OH 44667
      View Details
    • $12 SF/Yr
      22,271 SF

      Prime Orrville Medical Office Space

      Spacious medical office building, ample parking.
      365 Crown Hill Rd, Orrville, OH 44667
      View Details
    • $10 SF/Yr
      17,866 SF

      Downtown Orrville Office Suites Available

      Office suites for lease in downtown Orrville with utilities included.
      101 W Market St, Orrville, OH 44667
      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.
    10603 Back Orrville Rd
    Orrville, OH 44667-9429
    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.