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

    2077 Midway Dr Twinsburg, OH 44087

    • Showrooms
    • 6,536 SF
    • 1.31 lot acres
    For Sale
    View listing
    Last Sale
    May 15, 2023
    $525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1358531
    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

    • GOODWILL TRUCK & TRAILER REPAIR / Tire Shop

    Property Details for 2077 Midway Dr

    Year built
    1979
    Lot size
    1.31 lot acres
    Property size
    6,536 SF
    Property type
    Showrooms
    APN
    64-03004
    APU
    6403004

    Description

    This exceptional 6,906-square-foot flex building, situated on a 1.31-acre lot in Solon, Ohio's thriving Cleveland-Akron submarket, presents a unique opportunity for businesses seeking versatile space. The property, classified as Class B, boasts a single-story design constructed in 1979 and extensively renovated in 2016. The building features a generous 3,612 square feet of office space and a substantial 2,924 square feet of warehouse area, ideal for a variety of uses. A significant advantage is the 16-foot clear ceiling height, providing ample room for storage and operations. Access is enhanced by two convenient drive-in doors, streamlining loading and unloading processes. Ample parking is available with 30 spaces provided on-site. The property's location within the Solon, Twinsburg submarket cluster of Summit County offers excellent access to major transportation routes and a strong workforce. The 1.31-acre lot presents potential for future expansion, making this a highly adaptable and future-proof investment. This renovated flex space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $490,000
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $522,000
      Market price range: $368k - $966k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $525,000
      Current use
      RESTAURANT
      $730,000
      Change: +38% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $650,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $610,000
      Change: +16% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $610,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $470,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4637
    Latitude
    41.3163
    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
    $7,178
    $35,310
    $75,900
    $111,210
    -
    $100,870
    $216,850
    $317,720

    Comparable in this City

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      8,320 SF

      1958-1960 Case Pkwy

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      View Details
    • Value Estimation
      $1,220,000
      12,781 SF

      1470 Enterprise Pkwy

      SHOW ROOM, WAREHOUSE • 12,781 SF
      1470 Enterprise Pkwy, Twinsburg, OH 44087-2242
      View Details
    • Value Estimation
      $940,000
      12,000 SF

      1521 Highland Rd

      SHOW ROOM, WAREHOUSE • 12,000 SF
      1521 Highland Rd, Twinsburg, OH 44087-2254
      View Details
    • Value Estimation
      $1,890,000
      24,795 SF

      2066 Case S Pkwy

      SHOW ROOM, WAREHOUSE • 24,795 SF
      2066 Case S Pkwy, Twinsburg, OH 44087-2360
      View Details
    • Value Estimation
      $1,415,000
      18,000 SF

      2396 Edison Blvd

      SHOW ROOM, WAREHOUSE • 18,000 SF
      2396 Edison Blvd, Twinsburg, OH 44087-2376
      View Details
    • Value Estimation
      $3,345,000
      106,038 SF

      2385 Edison Blvd

      SHOW ROOM, WAREHOUSE • 106,038 SF
      2385 Edison Blvd, Twinsburg, OH 44087-2376
      View Details

    Similar Nearby for Sale

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      10,930 SF

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      Twinsburg Commercial Land - $225K

      Prime 1-acre lot, ideal for development.
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      44.79 Acres

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      Prime commercial land, excellent access, rail potential.
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    Similar Nearby for Lease

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      Prime Retail Location, 3,048 SF
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      Retail space for lease with excellent visibility and signage.
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      1,320 SF end cap with drive-thru in Twinsburg, OH.
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      Twinsburg Retail Space For Lease

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      Truck Trailer Parking Site Available

      2.78 AC truck trailer parking site for lease.
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      View Details
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    2077 Midway Dr
    Twinsburg, OH 44087
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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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