Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    206 Garfield Rd Aurora, OH 44202-9416
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    206 Garfield Rd Aurora, OH 44202-9416

    View on Map
    • Office properties & Spaces
    • 4,208 SF
    • 0.38 lot acres
    Off-Market
    Last Sale Jul 20, 2021
    $320,000
    Property ID
    US66-1540609
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Norcal Rigging / Freight Service / Logistics Company
    • Medserv Plus / Corporate Office / Business Park
    • Amy Team Realtors / Real Estate Agency
    • Classic Homes Aurora / Construction Company / General Contractor

    Property Details for 206 Garfield Rd

    Year built
    1964
    Lot size
    0.38 lot acres
    Property size
    4,208 SF
    Property type
    Office properties & Spaces
    APN
    03-025-00-00-021
    APU
    30250000021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.3379
    Latitude
    41.3171
    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
    $9,066
    $30,210
    $93,310
    $123,520
    -
    $86,300
    $266,600
    $352,900

    Comparable in this City

    • Value Estimation by Request

      215 Garfield Rd Ste, Unit 200

      CONDOMINIUM OFFICES
      215 Garfield Rd Ste, Aurora, OH 44202-7884
      View Details
    • Value Estimation by Request
      11,306 SF

      33 Chillicothe Rd

      OFFICE (GENERAL) • 11,306 SF
      33 Chillicothe Rd, Aurora, OH 44202-8702
      View Details
    • Value Estimation by Request
      8,488 SF

      1275 Danner Dr

      OFFICE (GENERAL) • 8,488 SF
      1275 Danner Dr, Aurora, OH 44202-8054
      View Details
    • Value Estimation
      $1,260,000
      12,923 SF

      1400 Chillicothe Rd

      OFFICE (GENERAL) • 12,923 SF
      1400 Chillicothe Rd, Aurora, OH 44202-9282
      View Details
    • Value Estimation by Request

      215 Garfield Rd Ste, Unit 140

      CONDOMINIUM OFFICES
      215 Garfield Rd Ste, Aurora, OH 44202-7884
      View Details
    • Value Estimation by Request

      215 Garfield Rd, Unit 230

      CONDOMINIUM OFFICES
      215 Garfield Rd, Aurora, OH 44202-7949
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Two-Story Retail/Office Building For Sale

      7,200 SF fully occupied building near Aurora Farms Outlet.
      330 E Garfield Rd, Aurora, OH 44202
      View Details
    • New
      $175,000
      1.00 Acre

      Versatile Outbuilding Setup on Acre

      One-acre parcel with versatile outbuildings, strong utilities, and ample parking.
      Mennonite Rd, Aurora, OH 44202
      View Details
    • Contact for pricing

      Commercial Land Near SR 82

      Approximately 0.67 acres available for sale or ground lease.
      Oh-82, Aurora, OH 44202
      View Details
    • $220,000
      Pending

      Land For Sale in Aurora

      Commercial land available in Aurora, Ohio.
      622 Club Dr W, Aurora, OH 44202
      View Details
    • $175,000
      Pending

      Residential Lot in Gated Community

      Residential lot in Aurora's private, gated Barrington community.
      905 Club Dr W, Aurora, OH 44202
      View Details
    • Contact for pricing

      Land with Lake Views

      Secluded 12.869-acre property with potential for multiple homes.
      Aurora Hill Dr, Aurora, OH 44202
      View Details

    Similar Nearby for Lease

    • $725 /Mo
      36,155 SF

      Modern Coworking Space Available

      Productive coworking environment with amenities and professional development events.
      45 N Chillicothe Rd, Aurora, OH 44202
      View Details
    • $18 SF/Yr
      6,785 SF

      Aurora Office Space For Lease

      Available office space in Aurora, Ohio, totaling 6,785 square feet.
      33- Chillicothe Rd, Aurora, OH 44202
      View Details
    • $18 SF/Yr

      Charming Office Space in Aurora

      Historic office space with modern features and ample parking.
      33 North Chillicothe Rd, Aurora, OH 44202
      View Details
    • Contact for pricing
      7,200 SF

      Affordable Office Space in Aurora

      7,200 SF office space with highway access and ample parking.
      1263 S Chillicothe Rd, Aurora, OH 44202
      View Details
    • Contact for pricing
      60,000 SF

      Aurora Warehouse with Dock Access

      60,000 SF warehouse with docks, drive-in, and ample power.
      125 Lena Dr, Aurora, OH 44202
      View Details
    • Contact for pricing
      88,000 SF

      Aurora Warehouse Space Available

      88,000 sq ft warehouse space for rent in Aurora, OH.
      1333-1373 S Chillicothe Rd, Aurora, OH 44202
      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.
    206 Garfield Rd
    Aurora, OH 44202-9416
    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.
    Sign Up Successful!
    You now have access to more from Realmo!