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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Retail space
1422 Mogadore Rd Kent, OH 44240-7536
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-5535382
Property summary
AI-generated overview
This exceptional Kent, Ohio industrial property presents a compelling investment opportunity. Located at 1422 Mogadore Rd, this 17,520 square foot building, built in 1952 and renovated in 2017, offers a versatile space suitable for manufacturing, research and development, or warehousing. The property boasts a 16-foot ceiling height, two dock-high doors, and sits on a 2.38-acre lot. Currently configured for multiple uses including brewing, a taproom, event space, and commercial kitchen, this light-industrial zoned property allows for flexible single or multi-tenant occupancy. The $1,100,000 asking price translates to $62.79 per square foot. Its prime location in Kent, Ohio, combined with its existing infrastructure and recent renovations, makes this a value-add opportunity with potential for sale-leaseback. The property's features include ample parking and an outdoor patio. This well-maintained, single-story building represents a strong investment in a thriving Ohio market. The property is classified as Class B. Serious inquiries are encouraged to explore the potential of this unique industrial offering.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
13,848 SF
Lot
2.24 ac (97,574 SF)
APN
17-008-00-00-029-002
UPID
US66-5535382
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Madcap Brew Co Production Facility Brewery & Distillery
-
Staple + Layer Party Supply Store Rental Equipment Company
-
LeeAngelo’s (Kent) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$1.01M
Owner & transaction history
Holmesbrew Properties LLC · 8 yrs held
Holmesbrew Properties LLC
since 2017
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+2.0%
Apartment house (5+ units)
$1.1M
+0.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,160,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,045,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$880,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (Jun 4 2025)
Last sale anchor
$1.00M
Jun 4 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,779
Tax year 2023
Assessed value
$152,530
Assessed 2023
Previous assessed
$152,530
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$21,210
Assessed improvement
$131,320
Land market value
$60,600
Improvement market value
$375,200
Total market value
$435,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
2
Stories
1
Total area
13,848 SF
Lot
2.24 ac (97,574 SF)
APN
17-008-00-00-029-002
UPID
US66-5535382
Jurisdiction
PORTAGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$880,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Buildings
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Holmesbrew Properties LLC
Entity
Mailing address
1422 MOGADORE RD, KENT, OH 44240-7536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2017
$450,000
Holmesbrew Properties LLC
Df Realty Associates LLC
Warranty Deed
$850,000 · Huntington Nat'l Bk
—
—
Holmesbrew Properties LLC
—
Deed Of Trust
related
$850,000 · Huntington Nat'l Bk
—
—
Holmesbrew Properties LLC
—
Loan Modification
related
$951,500 · Huntington Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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