Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    216 Highland Ave Cambridge, OH 43725-2558
    Back to Search
    Property profile & analytics

    216 Highland Ave, Cambridge, OH 43725-2558

    View on Map
    • Commercial real estate
    • 4,370 SF
    • 0.54 lot acres
    Off-Market
    Last Sale Jul 31, 2025
    Property ID
    US66-4729131
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colby Edward L DO / Physician
    • Cambridge Physical Therapy Center / Physician
    • Rocco Jennifer L / Physician

    Property Details for 216 Highland Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property type
    Commercial real estate
    APN
    06-0008841.000
    APU
    60008841000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2026 — Highland Offices LLC — Deed · related $112k · Park National Bank
    Oct 31, 2025 — Highland Offices LLC Qzmbridge Medical LLC Warranty Deed $400k · Park National Bank
    Aug 30, 2011 $350,000 Cambridge Medical LLC James David Chlovechok LLC Warranty Deed $392k · Peoples Bank NA
    Mar 21, 2008 — James David Chlovechok LLC Richard J Mccoy Warranty Deed $470k · Advantage Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $561,000
      Market price range: $224k - $762k
      AI Estimate
      $732,000
      Market price range: $230k - $873k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.581
    Latitude
    40.0258
    CBSA code
    15740
    CBSA name
    CAMBRIDGE, OH MICROPOLITAN 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
    $6,729
    $25,218
    $82,829
    $108,047
    -
    $72,050
    $236,655
    $308,705

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      Dunning Ln

      COMMERCIAL (GENERAL)
      Dunning Ln, Cambridge, OH 43725
      View Details
    • Value Estimation by Request
      6.01 Acres

      60707 Gander Rd

      COMMERCIAL (GENERAL)
      60707 Gander Rd, Cambridge, OH 43725-9418
      View Details
    • Value Estimation by Request
      0.13 Acres

      Glenn Hwy

      COMMERCIAL (GENERAL)
      Glenn Hwy, Cambridge, OH 43725
      View Details
    • Value Estimation by Request
      0.44 Acres

      3653 Glenn Hwy

      COMMERCIAL (GENERAL)
      3653 Glenn Hwy, Cambridge, OH 43725-9428
      View Details
    • Value Estimation by Request
      2.68 Acres

      61333 Southgate Rd

      COMMERCIAL (GENERAL)
      61333 Southgate Rd, Cambridge, OH 43725-9114
      View Details
    • Value Estimation by Request
      0.27 Acres

      417 Wheeling Ave

      COMMERCIAL (GENERAL)
      417 Wheeling Ave, Cambridge, OH 43725-2247
      View Details

    Similar Nearby for Sale

    • $290,000
      11,000 SF

      202 daily.""""}"""

      Downtown Cambridge Commercial Gem
      744 Wheeling Ave, Cambridge, OH 43725
      View Details
    • $369,999
      4,500 SF

      Cambridge Office Building - Prime Location

      Spacious office, flexible layout, great access.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      10,640 SF

      New Dollar General Investment Opportunity

      New Dollar General Plus store in Cambridge, Ohio for sale.
      9884 Cadiz Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing
      Pending

      10 Acres Land in Cambridge

      10 acres of land with frontage and building site.
      Sarchets Run Rd, Cambridge, OH 43725
      View Details
    • $249,000
      2,062 SF

      Cambridge Duplex: Income Opportunity

      Turnkey duplex with reliable income, furnished units, and prime location.
      401 N 9Th St, Cambridge, OH 43725
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      247,944 SF

      Retail Space in High-Traffic Location

      Commercial retail space in high-visibility location near the interstate.
      61600 Southgate Rd, Cambridge, OH 43725
      View Details
    • $7,500 /Mo
      87,120 SF

      Renovated Office Space for Lease

      9,800 SF commercial office, ideal for mental health facility.
      2050 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      4,472 SF

      Retail Space in Grocery-Anchored Center

      Junior box opportunities in Cambridge, OH, near I-70.
      1731-1759 Southgate Pkwy, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Remodeled Office Space with Yard

      Cambridge office space featuring a lay down yard and parking.
      1101 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $2,700 /Mo
      8,712 SF

      Downtown Cambridge Professional Office Space

      Adaptable office space in the heart of Cambridge's business district.
      927 Wheeling Ave, Cambridge, OH 43725
      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.
    216 Highland Ave
    Cambridge, OH 43725-2558
    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

    Thank You for Inquiry
    216 Highland Ave, Cambridge, OH, 43725
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!