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    Property profile & analytics

    15651 West High St Middlefield, OH 44062

    • Retail space
    • 24,946 SF
    • 4.59 lot acres
    For Lease
    View listing
    Value Estimation
    $1,170,000
    Last Sale
    Apr 07, 2021
    $1,300,000
    Location Intelligence
    Property ID
    US66-1752959
    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

    • E&H Ace Hardware / Hardware Store / Home Improvement Store
    • Smiths Wholesale Appliances / Appliance Store

    Property Details for 15651 West High St

    Year built
    1964
    Lot size
    4.59 lot acres
    Property size
    24,946 SF
    Property type
    Retail space
    APN
    19-016500
    APU
    19016500

    Description

    This exceptional 3,000 square foot warehouse space, built in 1998, is ideally situated at 15651 W High Street in Middlefield, Ohio (44062). Located in the rear of the building, this single-tenant property offers convenient access and ample parking. The space is currently vacant and ready for immediate occupancy, with an estimated availability of January 2025. The property features one drive-in door, making loading and unloading efficient. Its versatile design makes it suitable for a variety of retail or industrial uses. This property is part of a larger complex, offering the potential for expansion with an adjacent 7,000 square foot warehouse space available via an interior connecting door. The location is highly advantageous, situated near Aldi's, other outlot businesses, and Walmart, ensuring high visibility and convenient access for customers. The property's APN is 19-016500. Prospective tenants should confirm permitted uses with the Middlefield Village authorities. This is a rare opportunity to secure a prime warehouse space in a thriving location. The property is a single-story building with a total of 3,000 square feet.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,415,000
      7%
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,110,000
      Geo Method
      $1,275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,420,000
      Retail
      $1,280,000
      Mixed-Use
      $1,270,000
      Hospitality
      $1,375,000
      Educational
      $1,460,000
      Residential Income
      $1,285,000
      Energy
      $1,195,000
      Income-Based Land
      $1,250,000
      Food Service
      $1,340,000

    Location Insight

    • Map
    • Local Demand
    City
    Middlefield
    County
    Geauga
    State
    Ohio
    Longitude
    -81.0836
    Latitude
    41.4615
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, 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
    $25,330
    $93,000
    $362,010
    $455,010
    -
    $265,700
    $1,034,300
    $1,300,000

    Comparable in this City

    • Value Estimation
      $255,000
      1,152 SF

      15361 Kinsman Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      15361 Kinsman Rd, Middlefield, OH 44062-9473
      View Details
    • Value Estimation
      $300,000
      10,200 SF

      16345 Kinsman Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,200 SF
      16345 Kinsman Rd, Middlefield, OH 44062-9579
      View Details
    • Value Estimation
      $710,000
      11,495 SF

      16582 Kinsman Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,495 SF
      16582 Kinsman Rd, Middlefield, OH 44062-9591
      View Details
    • Value Estimation
      $730,000
      3,480 SF

      14991 Madison Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,480 SF
      14991 Madison Rd, Middlefield, OH 44062-8403
      View Details
    • Value Estimation
      $365,000
      1,500 SF

      15281 Kinsman Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      15281 Kinsman Rd, Middlefield, OH 44062-9472
      View Details
    • Value Estimation by Request
      1,456 SF

      4512 Gates E Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,456 SF
      4512 Gates E Rd, Middlefield, OH 44062-9353
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      2,560 SF

      Retail Space in Middlefield

      Retail space for lease in the heart of Middlefield.
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      Middlefield Retail Space For Rent

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    • $1,750 /Mo
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      Middlefield Retail/Office Space Available

      High-visibility retail or office space in excellent condition.
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    • $875 /Mo
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      Prime Retail Space Available

      Exceptional retail opportunity in a high-traffic Middlefield, Ohio location.
      15446 West High St, Middlefield, OH 44062
      View Details
    • Contact for pricing
      5,932 SF

      Retail Space Available For Rent

      Retail suites available for rent in Middlefield, Ohio.
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      Middlefield Flex Showroom Space

      Flexible showroom with loading docks in Middlefield, Ohio.
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    15651 West High St
    Middlefield, OH 44062
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    Realmo Value Estimation

    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.

    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.

    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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