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

    112 Tallmadge Rd Kent, OH 44240

    • Mixed-use properties
    • 1,375 SF
    • 5.00 lot acres
    For Sale
    View listing
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5868649
    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

    • Mixed-use properties

    Property Details for 112 Tallmadge Rd

    Year built
    1927
    Lot size
    5.00 lot acres
    Property size
    1,375 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 112 Tallmadge Road in Kent, Ohio, presents a unique investment opportunity. Situated on a generous five-acre lot, the property boasts 1,375 square feet of existing building space, currently configured as a house. Its strategic location offers unparalleled convenience, being within one minute of Interstate 76 and in close proximity to numerous retail establishments. The integrated commercial zoning provides remarkable flexibility, allowing for a diverse range of uses. Potential uses include retail spaces, professional offices, or multi-family residential development, catering to a variety of business and residential needs. The existing house offers the potential for renovation and repurposing as office space, minimizing initial construction costs. The property's infrastructure is well-supported, with city water readily accessible (already connected to an adjacent property), along with readily available electric, gas, and public sewer services. This combination of location, zoning, and infrastructure makes this property an ideal investment for both experienced developers and first-time investors seeking a versatile and high-potential asset. The property's size and zoning offer significant expansion possibilities, allowing for future growth and adaptation to evolving market demands. Don't miss this chance to acquire a prime piece of Kent real estate with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3897
    Latitude
    41.10006

    Comparable in this City

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    • $329,900
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      Kent Mixed-Use Investment Opportunity

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    • $395,000
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      Prime Kent Mixed-Use Opportunity

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    Similar Nearby for Sale

    • $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
    • $1,150,000
      3,992 SF

      Prime Kent Mixed-Use Trio

      High-traffic corner, three buildings, redevelopment potential.
      103 Lake St, Kent, OH 44240
      View Details
    • $1,100,000
      4,430 SF

      with a selection of wines and beers to complement the hearty meals. *Cash or check only

      which maintains the restaurant's old-world charm. *Conveniently located on a high-traffic road in Kent
      1609 Main St, Kent, OH 44240
      View Details
    • $1,150,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      High-traffic corner, 6 units, redevelopment potential
      103 Lake St, Kent, OH 44240
      View Details
    • $37,000
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      Kent Commercial/Residential Land

      Half-acre lot, Commercial/Residential zoning.
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    Similar Nearby for Lease

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    • $10 SF/Yr
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      3,000 SF

      Office Buildings on State Route

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    112 Tallmadge Rd
    Kent, OH 44240
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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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