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    Property profile & analytics

    286 West Greenwich Rd Seville, OH 44273

    • Distribution centers
    • 60,526 SF
    • 22.44 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5301073
    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

    • ToVee / Construction Company / General Contractor
    • MODLOGIQ Seville / General Contractor
    • Timeless by Design / Big Box & Wholesale Store

    Property Details for 286 West Greenwich Rd

    Year built
    1965
    Lot size
    22.44 lot acres
    Property size
    60,526 SF
    Property type
    Distribution centers
    APN
    012-21A-06-017
    APU
    01221A06017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,361,000
      Market price range: $3.36M - $8.66M
      AI Estimate
      $1,954,000
      Market price range: $1.95M - $9.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Seville
    County
    Medina
    State
    Ohio
    Longitude
    -81.8738
    Latitude
    41.0218
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, 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
    $24,582
    $206,010
    $290,120
    $496,130
    -
    $588,600
    $828,900
    $1,417,500

    Comparable in this City

    • Value Estimation
      $3,145,000
      75,000 SF

      276 Greenwich Rd

      DISTRIBUTION WAREHOUSE • 75,000 SF
      276 Greenwich Rd, Seville, OH 44273-8881
      View Details
    • Value Estimation
      $1,715,000
      20,472 SF

      4935 Enterprise Pkwy

      DISTRIBUTION WAREHOUSE • 20,472 SF
      4935 Enterprise Pkwy, Seville, OH 44273-8930
      View Details
    • Value Estimation by Request
      450,112 SF

      I-71

      Distribution properties • 450,112 SF
      0 I-71, Seville, OH 44273
      View Details
    • Value Estimation
      $11,120,000
      149,460 SF

      4900 Atlantic Dr

      DISTRIBUTION WAREHOUSE • 149,460 SF
      4900 Atlantic Dr, Seville, OH 44273-8967
      View Details
    • Value Estimation by Request
      72 SF

      Seville, OH 44273

      MINI-WAREHOUSE, STORAGE • 72 SF
      Seville, OH 44273
      View Details
    • Value Estimation by Request
      2,048 SF

      Greenwich Rd

      STORAGE YARD, OPEN STORAGE • 2,048 SF
      Greenwich Rd, Seville, OH 44273
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      450,112 SF

      Turnkey Cross-Dock Warehouse Facility

      140,314 SF cross-dock facility with ample parking.
      8989 Lake Rd, Seville, OH 44273
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    • $324,500
      14.50 Acres

      Seville, OH Vacant Land

      14.5-acre vacant lot near Chippewa Lake.
      37 Buffham Rd, Seville, OH 44273
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    • Contact for pricing

      15.21 Acre Site in Seville

      15.21 acre site with versatile zoning near Interstate 76.
      595 Center St, Seville, OH 44273
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    • Contact for pricing

      Retail Development Outparcel Site

      Up to 3.93 AC retail development site for sale.
      360 Center St, Seville, OH 44273
      View Details
    • Contact for pricing

      Seville Land Parcel on Route 3

      15.21-acre site with highway access and mixed-use zoning.
      595 Center St, Seville, OH 44273
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      3,631 SF freestanding building with drive-thru available for sale.
      8750 Wooster Pike Rd, Seville, OH 44273
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      106,000 SF

      Seville Warehouse Space Available

      106,000 SF warehouse space for lease in Seville, Ohio.
      286 West Greenwich Rd, Seville, OH 44273
      View Details
    • Contact for pricing
      1,100,000 SF

      102 Acre Site Near I-76

      102 acre site with immediate I-76 interchange access.
      Wooster Pike Rd, Seville, OH 44273
      View Details
    • Contact for pricing
      13,060 SF

      Industrial Space with Highway Access

      Industrial property for lease with highway access and ample parking.
      5180 Greenwich Rd, Seville, OH 44273
      View Details
    • $1,000 /Mo
      1,275 SF

      Retail Space in Seville, OH

      Retail space available for lease in Seville, Ohio.
      131-133 Greenwich Rd, Seville, OH 44273
      View Details
    • $9 SF/Yr

      Retail/Office Space in Seville

      Single-story building with open layout, excellent visibility, and ample parking.
      133 Greenwich Rd, Seville, OH 44273
      View Details
    • $10 SF/Yr

      Retail Spaces in Homestead Plaza

      Two retail spaces available for lease in visible Homestead Plaza.
      205 Center St, Seville, OH 44273
      View Details
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    286 West Greenwich Rd
    Seville, OH 44273
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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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