Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2408 Ley Dr Coventry Township, OH 44319-1104

    Property Lookup

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

    2408 Ley Dr Coventry Township, OH 44319-1104

    View on Map
    • Commercial real estate
    • 0.63 lot acres
    Off-Market
    Property ID
    US66-3105856
    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

    • Norm's Trucking / Shipping Company / Freight Service

    Property Details for 2408 Ley Dr

    Lot size
    0.63 lot acres
    Property type
    Commercial real estate
    APN
    19-07824
    APU
    1907824

    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
    Coventry Township
    County
    Summit
    State
    Ohio
    Longitude
    -81.5389
    Latitude
    41.0275
    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
    $503
    $3,880
    $2,710
    $6,590
    -
    $11,070
    $7,750
    $18,820

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      594/2996 3000 Shook/Kemble St

      Multifamily properties • 1.51 Acres
      594/2996 3000 Shook/Kemble St, Akron, OH 44319
      View Details
    • Value Estimation by Request
      0.10 Acres

      Brown St

      COMMERCIAL (GENERAL) • 0.10 Acres
      Brown St, Akron, OH 44319
      View Details
    • Value Estimation by Request
      0.77 Acres

      Johns Rd

      COMMERCIAL (GENERAL) • 0.77 Acres
      Johns Rd, New Franklin, OH 44319
      View Details
    • Value Estimation by Request
      971 SF

      2645 Manchester Rd

      COMMERCIAL (GENERAL) • 971 SF
      2645 Manchester Rd, Akron, OH 44319-1062
      View Details
    • Value Estimation by Request
      216 SF

      800 Killian Rdrd

      COMMERCIAL (GENERAL) • 216 SF
      800 Killian Rdrd, Coventry Township, OH 44319-2555
      View Details
    • Value Estimation by Request
      200 SF

      912 Portage Lks Dr

      COMMERCIAL (GENERAL) • 200 SF
      912 Portage Lks Dr, Coventry Township, OH 44319-1539
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.72 Acres

      Main Street Green Trio

      Three Parcels, Lake View, High Traffic
      3830 Main St, Green, OH 44319
      View Details
    • $89,000
      0.48 Acres

      Prime Commercial Land Opportunity

      B-1 zoned land in Portage Lakes area, ideal for development.
      4138 S Main St, Akron, OH 44319
      View Details
    • Contact for pricing

      S. Arlington Rd Development Site

      Development site located adjacent to Dollar General store.
      Buena Vista Dr, New Franklin, OH 44319
      View Details
    • Contact for pricing

      Commercial Outlot Near Portage Lakes

      Commercial outlot available for ground lease or sale.
      4045-4049 S Main St, Akron, OH 44319
      View Details
    • Contact for pricing
      28,324 SF

      Industrial Property with Tenant Income

      28,324 SF property with tenant income until 2028.
      2655 S Arlington Rd, Akron, OH 44319
      View Details
    • $325,000
      1.26 Acres

      Lake View Lot in Akron

      1.25 acre lake view lot with dock access.
      Shrakes Hotel Dr, Akron, OH 44319
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Green Single Room Suites Available

      Single room suites available for rent starting from $325/month.
      445 East Turkeyfoot Lake Rd, Akron, OH 44319
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Shopping center space with great visibility and convenient parking.
      3235 Manchester Rd, Akron, OH 44319
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      0.84 AC site with high traffic and strong demographics.
      3030 Manchester Rd, Akron, OH 44319
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease, Akron, OH.
      470 Portage Lakes Dr, Akron, OH 44319
      View Details
    • Contact for pricing

      Office Suite in Portage Lakes

      Small office suite with kitchenette and ample parking available.
      3522 Manchester Rd, Akron, OH 44319
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail units available from 500 to 1,504 square feet.
      767 E Turkeyfoot Lake Rd, Akron, OH 44319
      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.
    2408 Ley Dr
    Coventry Township, OH 44319-1104
    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

    2408 Ley Dr, Coventry Township, OH, 44319

    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!