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    11660 Ravenna Rd Twinsburg, OH 44087-2706
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    Property profile & analytics

    11660 Ravenna Rd Twinsburg, OH 44087-2706

    View on Map
    • Strip malls
    • 1,625 SF
    • 1.45 lot acres
    Off-Market
    Property ID
    US66-2452901
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cut and Edge Lawncare / Landscaping
    • Hager Jill / Dental Office
    • Smile Makers / Dental Office
    • KT Salon Suites / Hair Salon / Nail Salon
    • Michelle's Dance Company / Training Center

    Property Details for 11660 Ravenna Rd

    Year built
    1946
    Lot size
    1.45 lot acres
    Property size
    1,625 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    64-07775
    APU
    6407775

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4884
    Latitude
    41.3489
    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
    $19,285
    $39,080
    $248,160
    $287,240
    -
    $111,650
    $709,020
    $820,670

    Comparable in this City

    • Value Estimation
      $1,170,000
      12,909 SF

      9224 Darrow Rd

      SHOPPING CENTER, STRIP CENTER • 12,909 SF
      9224 Darrow Rd, Twinsburg, OH 44087-1897
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    • Value Estimation
      $4,350,000
      19,416 SF

      9043 Darrow Rd, Unit 9057

      SHOPPING CENTER, STRIP CENTER • 19,416 SF
      9043 Darrow Rd, Twinsburg, OH 44087-2138
      View Details
    • Value Estimation
      $1,435,000
      16,800 SF

      7955 Darrow Rd

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      7955 Darrow Rd, Twinsburg, OH 44087
      View Details
    • Value Estimation by Request
      15,680 SF

      9076 Church St, Unit 9086

      SHOPPING CENTER, STRIP CENTER • 15,680 SF
      9076 Church St, Twinsburg, OH 44087-2193
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    • Value Estimation
      $1,175,000
      7,278 SF

      9981 Vail Dr

      SHOPPING CENTER, STRIP CENTER • 7,278 SF
      9981 Vail Dr, Twinsburg, OH 44087-4901
      View Details
    • Value Estimation
      $585,000
      5,300 SF

      9224 Darrow Rd

      SHOPPING CENTER, STRIP CENTER • 5,300 SF
      9224 Darrow Rd, Twinsburg, OH 44087-1897
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      115,532 SF

      Fully Occupied Twinsburg Retail Plaza

      Multi-tenant retail center in Twinsburg, Ohio with stable cashflow.
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      New Retail Building For Sale

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      4,940 SF

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      Mixed-use properties • 4,940 SF
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    • $119,900
      0.82 Acres

      Twinsburg Land Parcel For Sale

      0.82-acre land parcel in a desirable Twinsburg location.
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      14,976 SF

      Industrial Property Available For Sale

      Industrial property available for sale with 14976 square feet.
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      Twinsburg Commercial Property for Sale

      Commercial property available in Twinsburg, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing
      2,155 SF

      Retail Space Near Highway

      Retail spaces available near the highway and Giant Eagle.
      8916-8960 Darrow Rd, Twinsburg, OH 44087
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    • Contact for pricing
      1,800 SF

      Retail Space in Twinsburg Plaza

      Retail space for lease in established Twinsburg shopping plaza.
      8023 Darrow Rd, Twinsburg, OH 44087
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    • Contact for pricing
      5,638 SF

      Retail Space Near Giant Eagle

      Retail spaces available in Twinsburg, near the highway and Giant Eagle.
      8870 Darrow Rd, Twinsburg, OH 44087
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    • Contact for pricing
      3,000 SF

      Retail Space Near Giant Eagle

      Retail spaces available in Twinsburg, near the highway.
      8900 Darrow Rd, Twinsburg, OH 44087
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    • $5,000 /Mo
      62,291 SF

      Twinsburg Industrial Space For Lease

      Well-maintained industrial building in Twinsburg Township with immediate occupancy.
      1787 Highland Rd, Twinsburg, OH 44087
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    • $1,450 /Mo
      33,750 SF

      Twinsburg Commercial Suite with Exam Rooms

      950 SF suite ideal for medical, salon, or aesthetic use.
      10570 Ravenna Rd, Twinsburg, OH 44087
      View Details
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    Twinsburg, OH 44087-2706
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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.

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    11660 Ravenna Rd, Twinsburg, OH, 44087
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