Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    248 State Rte 511 Nova, OH 44859-9727

    • Retail properties
    • 1,080 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-3972811
    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

    • Retail properties

    Property Details for 248 State Rte 511

    Year built
    1920
    Lot size
    0.16 lot acres
    Property size
    1,080 SF
    Property type
    Retail properties
    APN
    N39-055-0-0114-00
    APU
    N390550011400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nova
    County
    Ashland
    State
    Ohio
    Longitude
    -82.3051
    Latitude
    41.0293
    CBSA code
    11740
    CBSA name
    ASHLAND, 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
    $827
    $4,910
    $13,430
    $18,340
    -
    $14,040
    $38,370
    $52,410

    Comparable in this City

    • Value Estimation
      $430,000
      3,200 SF

      40-C Twp Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      40-C Twp Rd, Nova, OH 44859
      View Details
    • Value Estimation
      $240,000
      6,736 SF

      827 Us Hwy 224

      RETAIL STORES (PERSONAL SERVICES) • 6,736 SF
      827 Us Hwy 224, Nova, OH 44859-9701
      View Details
    • Value Estimation by Request
      5,004 SF

      919 Us Hwy 224

      RESTAURANT • 5,004 SF
      919 Us Hwy 224, Nova, OH 44859
      View Details
    • Value Estimation by Request
      2,800 SF

      928 Us Hwy 224

      AUTO REPAIR, GARAGE • 2,800 SF
      928 Us Hwy 224, Nova, OH 44859-9783
      View Details
    • Value Estimation
      $325,000
      2,618 SF

      917 Us Hwy 224

      RETAIL STORES (PERSONAL SERVICES) • 2,618 SF
      917 Us Hwy 224, Nova, OH 44859
      View Details
    • Value Estimation by Request
      3,520 SF

      965 Us Hwy 224

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      965 Us Hwy 224, Nova, OH 44859-9750
      View Details

    Similar Nearby for Sale

    • $105,000
      6.09 Acres

      Nova, OH 6-Acre Land

      6 acres of land with uninhabitable home near Nova, OH.
      341 B St Rt 511, Nova, OH 44859
      View Details
    • New
      Contact for pricing

      Nova, OH Vacant Land Auction

      15.9 acres of tillable land with building potential.
      St Rt 224, Nova, OH 44859
      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.
    248 State Rte 511
    Nova, OH 44859-9727
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.