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

    2700 Aurora Rd Twinsburg, OH 44087

    • Commercial real estate
    • 18,125 SF
    • 1.98 lot acres
    For Lease
    View listing
    Last Sale
    Dec 17, 2021
    $1,750,000
    Value Estimations
    $1,165,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0978713
    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

    • T-Mobile Authorized Retailer / Cell Phone Accessory Store / Cell Phone Store
    • Hot Yoga Twinsburg / Yoga Studio
    • University Hospitals Urgent Care Twinsburg / Urgent Care Center
    • Twinsburg Academy of Self-Defense / Martial Arts School
    • Electronics Flip / Cell Phone Accessory Store / Cd Store

    Property Details for 2700 Aurora Rd

    Year built
    1971
    Construction
    FRAME
    Lot size
    1.98 lot acres
    Property size
    18,125 SF
    Property type
    Commercial real estate
    APN
    64-06501
    APU
    6406501

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving Village Square shopping center of Twinsburg, Ohio. Situated on a highly visible corner lot at the intersection of East Aurora Road (Route 82) and Darrow Road (Route 91), this +/- 0.59-acre parcel offers unparalleled exposure to significant daily traffic. The property is shadow-anchored by a Giant Eagle grocery store, ensuring consistent high foot traffic and strong consumer demographics. A signalized traffic light at the main entrance provides excellent visibility and accessibility, further enhanced by the potential for prominent monument signage. The existing shopping center is fully leased, demonstrating the area's robust retail market. This land is available for either ground lease or outright purchase, providing flexibility for various development plans. Recent improvements include a newly updated parking lot, and future storefront renovations are planned, adding to the property's long-term value and appeal. This is an ideal location for businesses seeking high visibility and a strong customer base in a well-established and growing community. The property's strategic location and existing infrastructure make it an attractive proposition for a variety of retail uses. Don't miss this chance to secure a prime commercial parcel in a vibrant Ohio market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,065,000
      ML approach
      $935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,465,000
      Market price range: $345k - $1.47M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,460,000
      Current use
      MEDICAL BUILDING
      $1,695,000
      Change: +16% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,695,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $1,300,000
      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
    -81.4416
    Latitude
    41.3107
    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
    $38,825
    $84,790
    $516,700
    $601,490
    -
    $242,250
    $1,476,270
    $1,718,520

    Comparable in this City

    • Value Estimation
      $715,000
      148,800 SF

      8037 Bavaria Rd

      COMMERCIAL (GENERAL) • 148,800 SF
      8037 Bavaria Rd, Twinsburg, OH 44087-2261
      View Details
    • Value Estimation by Request

      2615 Glenwood Dr

      COMMERCIAL (GENERAL)
      2615 Glenwood Dr, Twinsburg, OH 44087-2692
      View Details
    • Value Estimation
      $610,000
      8,320 SF

      1958-1960 Case Pkwy

      SHOW ROOM, WAREHOUSE • 8,320 SF
      1958-1960 Case Pkwy, Twinsburg, OH 44087
      View Details
    • Value Estimation
      $1,145,000
      12,781 SF

      1470 Enterprise Pkwy

      SHOW ROOM, WAREHOUSE • 12,781 SF
      1470 Enterprise Pkwy, Twinsburg, OH 44087-2242
      View Details
    • Value Estimation
      $845,000
      12,000 SF

      1521 Highland Rd

      SHOW ROOM, WAREHOUSE • 12,000 SF
      1521 Highland Rd, Twinsburg, OH 44087-2254
      View Details
    • Value Estimation
      $365,000
      12,773 SF

      8903 Twin Hls Dr

      COMMERCIAL (GENERAL) • 12,773 SF
      8903 Twin Hls Dr, Twinsburg, OH 44087-3700
      View Details

    Similar Nearby for Sale

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      Twinsburg Commercial Land - $225K

      Prime 1-acre lot, ideal for development.
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      14,572 SF

      Class A Office Building

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      Land Available For Sale

      3.38 acres with high visibility and traffic counts.
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      View Details
    • Contact for pricing
      41,000 SF

      Industrial Investment Property For Sale

      Industrial property for sale with a new long-term lease.
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      10,930 SF

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      Recently constructed retail building with long-term NNN lease.
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    Similar Nearby for Lease

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      Twinsburg Flex/Industrial Space Available

      9,920 SF flex/industrial space for lease in Twinsburg, OH.
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    • Contact for pricing
      51,850 SF

      Industrial/Office Space for Sublease

      51,906 SF industrial/office space available for sublease.
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    • $16 SF/Yr
      20,000 SF

      Twinsburg Office Space For Rent

      Office space available in Twinsburg, Ohio with ample parking.
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      34,212 SF

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    • $15 SF/Yr
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      Move-in Ready Twinsburg Office Space

      Recently improved office space in fast-growing Twinsburg, Ohio.
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    • $6 SF/Yr
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      Twinsburg Industrial Space with Cranes

      Industrial space featuring multiple cranes and metallurgical laboratory.
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    2700 Aurora Rd
    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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