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    25 Portage St Doylestown, OH 44230

    • Medical Office Space
    • 2,694 SF
    • 0.19 lot acres
    For Sale
    View listing
    Last Sale
    Aug 01, 2023
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0733948
    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

    • Doylestown Dental / Dental Office
    • Johns Sarah M DDS / Dental Office
    • Dr. Jonathan Siefker / Dental Office
    • Dr. Maryann Jacko / Dental Office
    • Dr. Leah Divito / Dental Office

    Property Details for 25 Portage St

    Year built
    1864
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    2,694 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    17-00461-000
    APU
    1700461000

    Description

    This exceptional 3,034 square foot retail bank building is ideally situated in the heart of downtown Doylestown, Ohio, at the strategic intersection of South Portage Street and Clinton Road. The property boasts dual ingress and egress points, providing convenient access from both South Portage Street and Black Drive. With approximately 125 feet of frontage, the building offers excellent visibility and accessibility. A significant advantage is the drive-through accessibility, enhancing customer convenience. Its location offers easy access to State Route 585, just four minutes away, and is within a short 10-minute drive of Wadsworth, a town with a population of approximately 25,000. The surrounding area features a robust economy driven by manufacturing, construction, and healthcare sectors. Nearby established businesses include CVS, Doylestown Coffee House, Subway, US Bank, and NAPA Auto Parts, indicating a thriving commercial environment. The property sits on a 0.6-acre lot and is a single-story building. This presents a unique opportunity for a business seeking a high-visibility location in a well-established commercial area. The property consists of one building with a total of 3,034 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Doylestown
    County
    Wayne
    State
    Ohio
    Longitude
    -81.6967
    Latitude
    40.969
    CBSA code
    49300
    CBSA name
    WOOSTER, 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
    $1,738
    $6,530
    $27,400
    $33,930
    -
    $18,670
    $78,290
    $96,960

    Comparable in this City

    • Value Estimation
      $685,000
      3,468 SF

      201 Portage St

      MEDICAL BUILDING • 3,468 SF
      201 Portage St, Doylestown, OH 44230-1353
      View Details
    • Value Estimation by Request
      3,190 SF

      220 Portage St

      MEDICAL BUILDING • 3,190 SF
      220 Portage St, Doylestown, OH 44230-1354
      View Details
    • Value Estimation
      $1,010,000
      32,933 SF

      95 Black Dr

      HOSPITAL - PRIVATE • 32,933 SF
      95 Black Dr, Doylestown, OH 44230-1374
      View Details
    • Value Estimation by Request
      4,134 SF

      113 Portage St

      OFFICE BUILDING • 4,134 SF
      113 Portage St, Doylestown, OH 44230-1368
      View Details
    • Value Estimation by Request
      1,896 SF

      40 College St

      OFFICE BUILDING • 1,896 SF
      40 College St, Doylestown, OH 44230-1311
      View Details
    • Value Estimation by Request
      1,280 SF

      64 Marion St

      OFFICE BUILDING • 1,280 SF
      64 Marion St, Doylestown, OH 44230-1455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,034 SF

      Retail Property in Doylestown, OH

      Retail property with 3,034 square feet of space.
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      View Details
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      Residential lot in Doylestown with city utilities and highway access.
      1050 Melanie Ln, Doylestown, OH 44230
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      0.41 Acres

      Doylestown Land Ready to Build

      Residential lot in Doylestown, OH with utilities available.
      1067 Homan Dr, Doylestown, OH 44230
      View Details
    • $140,000
      1.50 Acres

      Doylestown Commercial Property - 1.5 Acres

      Versatile Doylestown commercial space, ready for your business.
      197 Collier Dr, Doylestown, OH 44230
      View Details
    • Contact for pricing
      3,034 SF

      Doylestown Retail Bank Building

      Prime Doylestown location, 3,034 SF bank building
      25 Portage St, Doylestown, OH 44230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Office and Industrial Buildings For Lease

      Office and industrial buildings for lease with owner on site.
      400 Collier Dr, Doylestown, OH 44230
      View Details
    • Contact for pricing

      Doylestown Duplex with Garage

      Well-maintained 2-bedroom duplex with garage near Doylestown.
      12827 Hametown Rd, Doylestown, OH 44230
      View Details
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    Doylestown, OH 44230
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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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