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    Property profile & analytics

    1255 Norton Rd Hudson, OH 44236-4403

    • Manufacturing properties
    • 34,334 SF
    • 6.62 lot acres
    OFF-MARKET
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2286652
    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

    • Hudson Extrusions Inc / Industrial Manufacturer / Production Facility

    Property Details for 1255 Norton Rd

    Year built
    1982
    Lot size
    6.62 lot acres
    Property size
    34,334 SF
    Property type
    Manufacturing properties
    APN
    30-10264
    APU
    3010264

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,270,000
      6.5%
      $2,095,000
      7%
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,665,000
      Market price range: $660k - $1.97M
      AI Estimate
      $1,219,000
      Market price range: $507k - $1.72M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,235,000
      Current use
      OFFICE BUILDING
      $2,665,000
      Change: +115% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,105,000
      Change: +70% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4505
    Latitude
    41.204
    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
    $35,022
    $115,610
    $316,470
    $432,080
    -
    $330,310
    $904,190
    $1,234,500

    Comparable in this City

    • Value Estimation
      $1,255,000
      25,930 SF

      5285 Hudson Dr

      MANUFACTURING (LIGHT) • 25,930 SF
      5285 Hudson Dr, Hudson, OH 44236-3737
      View Details
    • Value Estimation
      $4,070,000
      72,481 SF

      2180 Barlow Rd

      MANUFACTURING (LIGHT) • 72,481 SF
      2180 Barlow Rd, Hudson, OH 44236-4108
      View Details
    • Value Estimation
      $935,000
      67,604 SF

      5145 Hudson Dr

      MANUFACTURING (LIGHT) • 67,604 SF
      5145 Hudson Dr, Hudson, OH 44236-3735
      View Details
    • Value Estimation
      $1,020,000
      18,208 SF

      5633 Hudson Industrial Pkwy

      MANUFACTURING (LIGHT) • 18,208 SF
      5633 Hudson Industrial Pkwy, Hudson, OH 44236-5012
      View Details
    • Value Estimation
      $1,960,000
      36,000 SF

      5171 Hudson Dr

      MANUFACTURING (LIGHT) • 36,000 SF
      5171 Hudson Dr, Hudson, OH 44236-3735
      View Details
    • Value Estimation
      $1,030,000
      46,800 SF

      5211 Hudson Dr

      MANUFACTURING (LIGHT) • 46,800 SF
      5211 Hudson Dr, Hudson, OH 44236-3737
      View Details

    Similar Nearby for Sale

    • $3,000,000
      73.19 Acres

      Hudson, OH Commercial Land

      73 acres of commercial land with development potential in Hudson.
      1 Approx. 73.19 Patriot Pkwy, Hudson, OH 44236
      View Details
    • $3,000,000

      Prime Commercial Land for Development

      73 acres between Akron & Cleveland, ideal for business growth.
      1 Patriot Pkwy, Hudson, OH 44236
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    • $975,000
      17.30 Acres

      Hudson, OH Commercial Land

      17.3 acres of commercial land with development options.
      2 Approx 17.3 Acres Patriot Pkwy, Hudson, OH 44236
      View Details
    • $1,125,000
      8.95 Acres

      Hudson, OH Commercial Land

      Prime commercial land with development options between Akron and Cleveland.
      3 Approx 8.95 Acres Patriot Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing

      Versatile Commercial/Industrial Property on Route 8

      Flexible commercial/industrial space with high visibility on State Route 8.
      6337 Chittenden Rd, Hudson, OH 44236
      View Details
    • $530,000
      7.30 Acres

      Hudson, OH Commercial Land

      7.3 Acres, Prime Location, Light Manufacturing
      6245 Chittenden Rd, Hudson, OH 44236
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      1,400,000 SF

      Northeast Ohio Industrial Leasing Opportunity

      1,400,000 SF industrial space suitable for various business uses.
      5555 Darrow Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,000 SF

      Hudson Industrial Flex Space Available

      3,000 SF flex space with drive-in access for lease.
      5685 Hudson Industrial Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing
      40,000 SF

      Spacious Office and Warehouse Facility

      40,000 SF building with office and warehouse space for lease.
      1100 Terex Rd, Hudson, OH 44236
      View Details
    • $17 SF/Yr
      20,320 SF

      Standard Shops Hudson Office Space

      Prime Hudson Office/Warehouse Suites
      5698 Hudson Dr, Hudson, OH 44236
      View Details
    • Contact for pricing
      17,400 SF

      Hudson Industrial Space Available

      17,400 SF industrial space for rent in Hudson, Ohio.
      5282 Hudson Dr, Hudson, OH 44236
      View Details
    • Contact for pricing

      Industrial Property in Hudson, Ohio

      Industrial property with docks and drive-in doors, near SR 8.
      5600 Hudson Industrial Pkwy, Hudson, OH 44236
      View Details
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    1255 Norton Rd
    Hudson, OH 44236-4403
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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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