Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1268 Overbrook Rd Kent, OH 44240-3265

    • Apartment buildings
    • 1,620 SF
    OFF-MARKET
    Last Sale
    Feb 25, 2025
    $1,800,000
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2457580
    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

    • Apartment buildings

    Property Details for 1268 Overbrook Rd

    Year built
    1967
    Property size
    1,620 SF
    Property type
    Apartment buildings
    APN
    17-010-10-00-053
    APU
    170101000053

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,575,000
      ML approach
      $1,620,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3889
    Latitude
    41.1495
    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
    $2,248
    $7,910
    $22,330
    $30,240
    -
    $22,600
    $63,800
    $86,400

    Comparable in this City

    • Value Estimation by Request
      2,724 SF

      141 Lk St

      APARTMENT HOUSE (5+ UNITS) • 2,724 SF
      141 Lk St, Kent, OH 44240-2412
      View Details
    • Value Estimation by Request
      2,558 SF

      244 Main St

      APARTMENT HOUSE (5+ UNITS) • 2,558 SF
      244 Main St, Kent, OH 44240-2583
      View Details
    • Value Estimation
      $1,300,000
      1,792 SF

      2509 Meloy Rd

      APARTMENT HOUSE (5+ UNITS) • 1,792 SF
      2509 Meloy Rd, Kent, OH 44240-7026
      View Details
    • Value Estimation by Request
      1,848 SF

      1620 Olympus Dr

      APARTMENT HOUSE (5+ UNITS) • 1,848 SF
      1620 Olympus Dr, Kent, OH 44240-4632
      View Details
    • Value Estimation by Request
      2,736 SF

      1600 Athena Dr

      APARTMENT HOUSE (5+ UNITS) • 2,736 SF
      1600 Athena Dr, Kent, OH 44240-7700
      View Details
    • Value Estimation by Request
      5,889 SF

      414 Smt St

      APARTMENT HOUSE (5+ UNITS) • 5,889 SF
      414 Smt St, Kent, OH 44240-3691
      View Details

    Similar Nearby for Sale

    • $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
    • $249,900
      4.86 Acres

      Kent Residential Land: 4.86 Acres

      Prime residential land, ready to build.
      5929 Rhodes Rd, Kent, OH 44240
      View Details
    • $37,000
      0.50 Acres

      Kent Commercial/Residential Land

      Half-acre lot, Commercial/Residential zoning.
      Brady Lake Rd, Kent, OH 44240
      View Details
    • $595,000
      1.33 Acres

      Kent Commercial Land - I-76 Access

      1.33 Acres, High Visibility, G-C Zoning
      496 Tallmadge Rd, Kent, OH 44240
      View Details
    • $595,000
      3.98 Acres

      Brimfield Commercial Land - 3.98 Acres

      Prime Commercial Land, Brimfield, OH
      0 Kelso Dr, Kent, OH 44240
      View Details
    • $275,000
      4.01 Acres

      Land Near Kent State University

      4-acre multifamily-zoned land near Kent State University.
      1737 Holly Dr, Kent, OH 44240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,480 SF

      Meadowview Square Retail Spaces

      High-traffic retail spaces, Kent, OH
      2500 Oh-59, Kent, OH 44240
      View Details
    • Contact for pricing
      2,250 SF

      Retail Spaces in Kent, Ohio

      Multiple retail spaces available in Kent, Ohio shopping center.
      3975 Cascades Blvd, Kent, OH 44240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Kent State

      Retail space with high visibility and ample parking available for lease.
      1709 E Main St, Kent, OH 44240
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land with great visibility and accessibility near Kent State.
      1713 E Main St, Kent, OH 44240
      View Details
    • $10 SF/Yr
      31,762 SF

      Retail Space Near Kent State

      Retail space available near Kent State University starting 01/01/2026.
      1763 East Main St, Kent, OH 44240
      View Details
    • Contact for pricing
      1,432 SF

      Kent Office Space For Rent

      Office space available at signalized corner in Kent, Ohio.
      5138 State Route 43, Kent, OH 44240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1268 Overbrook Rd
    Kent, OH 44240-3265
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.