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

    1321 Centerview Cir Copley, OH 44321-1627

    • Commercial real estate
    • 29,812 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    $4,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1876917
    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

    • Zoetis Reference Labs Akron / Veterinary Clinic
    • MedVet Akron / Veterinary Clinic
    • Pets DX Veterinary / Veterinary Clinic

    Property Details for 1321 Centerview Cir

    Year built
    1996
    Lot size
    2.80 lot acres
    Property size
    29,812 SF
    Property type
    Commercial real estate
    APN
    15-08153
    APU
    1508153

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,255,000
      6.5%
      $4,850,000
      7%
      $4,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,583,000
      Market price range: $883k - $3.58M
      AI Estimate
      $4,589,000
      Market price range: $1.01M - $4.59M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,250,000
      RESTAURANT
      $3,165,000
      AUTO REPAIR, GARAGE
      $2,975,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Copley
    County
    Summit
    State
    Ohio
    Longitude
    -81.649
    Latitude
    41.0998
    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
    $181,541
    $170,520
    $2,352,350
    $2,522,870
    -
    $487,200
    $6,721,010
    $7,208,210

    Comparable in this City

    • Value Estimation
      $10,490,000
      72,026 SF

      4389 Medina Rd

      COMMERCIAL (GENERAL) • 72,026 SF
      4389 Medina Rd, Copley, OH 44321-1388
      View Details
    • Value Estimation by Request
      1,482 SF

      3492 Copley Rd

      COMMERCIAL (GENERAL) • 1,482 SF
      3492 Copley Rd, Akron, OH 44321
      View Details
    • Value Estimation by Request
      3,660 SF

      3840 Stonebridge Blvd

      COMMERCIAL (GENERAL) • 3,660 SF
      3840 Stonebridge Blvd, Copley, OH 44321-3040
      View Details
    • Value Estimation by Request
      456 SF

      3480 Minor Rd

      COMMERCIAL (GENERAL) • 456 SF
      3480 Minor Rd, Akron, OH 44321
      View Details
    • Value Estimation
      $745,000
      15,136 SF

      1298 Centerview Cir

      SHOW ROOM, WAREHOUSE • 15,136 SF
      1298 Centerview Cir, Copley, OH 44321-1632
      View Details
    • Value Estimation by Request
      1,200 SF

      1020 Jacoby Rd

      SHOW ROOM, WAREHOUSE • 1,200 SF
      1020 Jacoby Rd, Copley, OH 44321-1711
      View Details

    Similar Nearby for Sale

    • $1,350,000
      3.54 Acres

      Development-Ready Commercial Land

      3.5-acre commercial property ready for development in Copley, OH.
      4655 Medina Rd, Copley, OH 44321
      View Details
    • $599,999
      2 SF

      Commercial Land in Copley Heart

      Located in Copley, zoned for commercial and office use.
      1158 South Cleveland Massillon Rd, Akron, OH 44321
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    • $399,000
      2 SF

      Prime Development Site on Medina

      Two-acre commercial land with high visibility and frontage.
      4585 Medina Rd, Copley, OH 44321
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      Commercial land in Montrose-Fairlawn retail area, visible from I-77.
      200 Rothrock Rd, Akron, OH 44321
      View Details
    • $8,000,000
      37 SF

      Prime Commercial Land I-77 Frontage

      37 acres of commercial land with I-77 visibility.
      200 Rothrock Rd, Akron, OH 44321
      View Details
    • Contact for pricing

      Land for Lease Opportunity

      Land available for lease with mixed-use potential.
      2811 Copley Rd, Copley, OH 44321
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,600 SF

      Second Floor Office Suite

      Flexible 1,600 SF office suite available for rent.
      3636 Copley Rd, Akron, OH 44321
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Fairlawn Trade

      3,600 SF retail space in robust Fairlawn trade area.
      4432 Medina Rd, Akron, OH 44321
      View Details
    • Contact for pricing

      Akron Office and Retail Space

      Flexible office and retail spaces available for rent in Akron.
      3636 Copley Rd, Akron, OH 44321
      View Details
    • $18 SF/Yr

      Rothrock Commons Office Space

      Office space in Rothrock Commons with open layout.
      405 Rothrock Rd, Akron, OH 44321
      View Details
    • Contact for pricing

      Commercial Land on Rothrock Road

      2.14 acres of commercial land with C-GR zoning.
      382 Rothrock Rd, Akron, OH 44321
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space Near Power Center

      Retail space with high visibility near regional shopping destinations.
      99 Rothrock Rd, Akron, OH 44321
      View Details
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    Copley, OH 44321-1627
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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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