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    Property profile & analytics

    112 Tallmadge Rd Kent, OH 44240

    • Office Units
    • 1,375 SF
    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

    • Office Units

    Property Details for 112 Tallmadge Rd

    Year built
    1927
    Property size
    1,375 SF
    Property type
    Office Units
    Property subtype
    Retail space

    Description

    Within a minute of I 76, this property is near many retail establishments. Property is zoned integrated commercial which offers great flexibility for uses of the property that range from retail to professional office to multi family residential. There is a house on the property that could be renovat ... ed to use as office space. City water is available just to the east of the property, it has been run through the Dunkin' Donuts property. Electric, gas and public sewer are available.

    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
    -81.3898271
    Latitude
    41.1002601

    Comparable in this City

    • Contact for pricing
      1,628 SF

      Versatile Commercial Property Near I-76

      Integrated commercial property near retail, office, and residential areas.
      124 Tallmadge Rd, Kent, OH 44240
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    • $850,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      Landmark Kent property with redevelopment potential near downtown and KSU.
      103 Lake St, Kent, OH 44240
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    • $850,000
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      Kent Landmark Mixed-Use Property

      Mixed-use property with retail, apartments, and redevelopment potential.
      103 Lake St, Kent, OH 44240
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    • Contact for pricing
      3,992 SF

      Kent Landmark Mixed-Use Property

      Mixed-use property with retail, apartments, and redevelopment potential.
      103 Lake St, Kent, OH 44240
      View Details
    • Contact for pricing
      1,510 SF

      Versatile Commercial Land Near I-76

      Integrated commercial land suitable for retail, office, or residential development.
      136 Tallmadge Rd, Kent, OH 44240
      View Details
    • $320,000
      Pending

      Kent, OH Four-Unit Multifamily Property

      Four-unit investment property with solid rental history near schools.
      1302 Walnut St, Kent, OH 44240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,628 SF

      Versatile Commercial Property Near I-76

      Integrated commercial property near retail, office, and residential areas.
      124 Tallmadge Rd, Kent, OH 44240
      View Details
    • $850,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      Landmark Kent property with redevelopment potential near downtown and KSU.
      103 Lake St, Kent, OH 44240
      View Details
    • $850,000
      3,992 SF

      Kent Landmark Mixed-Use Property

      Mixed-use property with retail, apartments, and redevelopment potential.
      103 Lake St, Kent, OH 44240
      View Details
    • Contact for pricing
      3,992 SF

      Kent Landmark Mixed-Use Property

      Mixed-use property with retail, apartments, and redevelopment potential.
      103 Lake St, Kent, OH 44240
      View Details
    • Contact for pricing
      1,510 SF

      Versatile Commercial Land Near I-76

      Integrated commercial land suitable for retail, office, or residential development.
      136 Tallmadge Rd, Kent, OH 44240
      View Details
    • $320,000
      Pending

      Kent, OH Four-Unit Multifamily Property

      Four-unit investment property with solid rental history near schools.
      1302 Walnut St, Kent, OH 44240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Community Center Retail Opportunity

      Community center with retail, restaurant, and service tenant mix.
      1410 S Water St, Kent, OH 44240
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Kent, Ohio.
      4217 State Route 43, Kent, OH 44240
      View Details
    • Contact for pricing

      Kent Office/Retail Space Available

      Single-tenant building suitable for office or retail use.
      5138 State Route 43, Kent, OH 44240
      View Details
    • Contact for pricing
      7,895 SF

      Retail/Office Space Near Kent State

      Retail or office space near Kent State University.
      1830 E Main St, Kent, OH 44240
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Retail and office spaces available for lease.
      1910 State Route 59, Kent, OH 44240
      View Details
    • Contact for pricing
      11,000 SF

      Visible Storefront on N Water

      Highly visible storefront in downtown Kent near Kent State.
      302 N Water St, Kent, OH 44240
      View Details
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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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