Add Listing
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

    11 Riv St Kent, OH 44240-3581

    • Office properties & Spaces
    • 7,980 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1370460
    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

    • Holt Joel A / Law Firm
    • Attorney Jordan E. Knabb, LLC / Law Firm
    • Ickes James E J / Law Firm
    • Law Office of Eric Fink / Law Firm
    • Kratcoski Peter C / Law Firm

    Property Details for 11 Riv St

    Year built
    1920
    Lot size
    0.36 lot acres
    Property size
    7,980 SF
    Property type
    Office properties & Spaces
    APN
    17-025-20-00-001
    APU
    170252000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $485,000
      Market price range: $293k - $795k
      AI Estimate
      $772,000
      Market price range: $330k - $1.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $475,000
      Current use
      AUTO REPAIR, GARAGE
      $615,000
      Change: +30% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $605,000
      Change: +28% Conversion: Moderate
      RETAIL STORES
      $600,000
      Change: +27% Conversion: Easy
      WAREHOUSE, STORAGE
      $505,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3605
    Latitude
    41.1533
    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
    $15,221
    $32,940
    $188,020
    $220,960
    -
    $94,100
    $537,200
    $631,300

    Comparable in this City

    • Value Estimation
      $3,270,000
      28,878 SF

      5982 Rhodes Rd

      OFFICE (GENERAL) • 28,878 SF
      5982 Rhodes Rd, Kent, OH 44240-8100
      View Details
    • Value Estimation by Request
      3,910 SF

      234 Water St

      OFFICE (GENERAL) • 3,910 SF
      234 Water St, Kent, OH 44240-3874
      View Details
    • Value Estimation
      $615,000
      5,310 SF

      4030 State Rte 43

      OFFICE (GENERAL) • 5,310 SF
      4030 State Rte 43, Kent, OH 44240-6546
      View Details
    • Value Estimation
      $1,000,000
      6,496 SF

      1949 State Rte 59

      OFFICE (GENERAL) • 6,496 SF
      1949 State Rte 59, Kent, OH 44240-8124
      View Details
    • Value Estimation by Request
      5,220 SF

      108 Water St

      OFFICE (GENERAL) • 5,220 SF
      108 Water St, Kent, OH 44240-3524
      View Details
    • Value Estimation by Request
      3,024 SF

      527 Water St

      OFFICE (GENERAL) • 3,024 SF
      527 Water St, Kent, OH 44240-3547
      View Details

    Similar Nearby for Sale

    • $600,000

      Commercial Land Near I-76

      Integrated commercial property suitable for retail, office, or residential use.
      112 Tallmadge Rd, Kent, OH 44240
      View Details
    • $659,000
      1,708 SF

      Highway Commercial Property For Sale

      1,708 SF building on 0.92 acres in high-traffic area.
      4260 State Route 43, Kent, OH 44240
      View Details
    • $1,250,000
      5.64 Acres

      Kent, OH Commercial Land

      Two lots totaling 5.64 acres in Kent, Ohio.
      4363 State Route 43, Kent, OH 44240
      View Details
    • $329,900
      1,510 SF

      Kent Mixed-Use Investment Opportunity

      High-traffic location, flexible zoning, great potential.
      136 Tallmadge Rd, Kent, OH 44240
      View Details
    • $395,000
      1,628 SF

      Prime Kent Mixed-Use Opportunity

      High-traffic location, flexible zoning, 5 acres.
      124 Tallmadge Rd, Kent, OH 44240
      View Details
    • New
      $69,000
      1.13 Acres

      Kent, OH 1.13-Acre Land

      1.13-acre parcel in rapidly developing Brimfield Square area.
      Tallmadge Rd, Kent, OH 44240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Brimfield Crossings Executive Suites

      Kent, OH Office Space For Lease
      4217 State Route 43, Kent, OH 44240
      View Details
    • Contact for pricing
      7,200 SF

      Prime Kent, OH Office Space

      Executive Suites, 1,800-5,400 SF Available
      1910 State Route 59, Kent, OH 44240
      View Details
    • Contact for pricing
      3,000 SF

      Office Buildings on State Route

      Two office buildings with vacancies on a high-traffic road.
      1949-1951 State Route 59, Kent, OH 44240
      View Details
    • Contact for pricing
      1,432 SF

      Kent Office Space For Rent

      Office space available at signalized corner in Kent, Ohio.
      5138 State Route 43, Kent, OH 44240
      View Details
    • $9 SF/Yr
      129,714 SF

      University Plaza: Retail & Office Space

      High-traffic Kent, OH retail/office center
      1410 Water St, Kent, OH 44240
      View Details
    • Contact for pricing
      1,356 SF

      Mixed-Use Development in Kent, OH

      Mixed-use development near Kent State University with retail and office space.
      215 S Water St, Kent, OH 44240
      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.
    11 Riv St
    Kent, OH 44240-3581
    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.
    Sign Up Successful!
    You now have access to more from Realmo!