1117 Claremont Ave Ashland, OH 44805
Property profile & analytics
1117 Claremont Ave Ashland, OH 44805
- Outlet malls
- 16,200 SF
- 1.79 lot acres
Property ID
US66-4209768
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.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 1117 Claremont Ave
- Year built
- 1959
- Lot size
- 1.79 lot acres
- Property size
- 16,200 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- P44-054-A-0041-00
- APU
- P44054A004100
Description
This fee-simple retail property in Ashland, Ohio, offers a compelling investment opportunity. The 16,300 square-foot center boasts a 100% occupancy rate, anchored by a Dollar Tree store operating under a net lease agreement with a corporate guarantee. The lease, originally commencing September 24, 2007, has a remaining term of approximately 3.1 years, extending to December 30, 2027. The second tenant space, recently occupied, adds to the property's income stream. The property's strong financial performance is reflected in its $130,980 net operating income (NOI) and a 9.00% capitalization rate. The asking price is $1,455,333, translating to $89.28 per square foot. Situated on a 1.79-acre lot at 1117 Claremont Ave, Ashland, OH 44805, the center benefits from a high-traffic location near Ashland University and numerous national retailers, schools, and apartments. The property's strategic location along Claremont Avenue sees over 11,289 vehicles daily, ensuring consistent visibility and customer traffic. This investment presents a stable, income-generating asset with a strong tenant and favorable market conditions. The property's proximity to Ashland University and its surrounding residential and commercial areas contributes to its robust performance and long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,080,000
- ML approach
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $921,000
- AI Estimate
- $943,000
Market price range: $490k - $1.62MMarket price range: $455k - $1.84M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Ashland
- State
- Ohio
- Longitude
- -82.328
- Latitude
- 40.8584
- 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
$11,563
$96,930
$107,240
$204,170
-
$276,940
$306,400
$583,340
