Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3250 Barber Rd Norton, OH 44203-1012

    • Showrooms
    • 55,560 SF
    • 5.93 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2024
    Value Estimations
    $4,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2077917
    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

    • Showrooms

    Property Details for 3250 Barber Rd

    Year built
    1970
    Lot size
    5.93 lot acres
    Property size
    55,560 SF
    Property type
    Showrooms
    APN
    46-04229
    APU
    4604229

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,854,000
      Market price range: $2.64M - $9.81M
      AI Estimate
      $4,623,000
      Market price range: $2.11M - $9.45M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,055,000
      Current use
      RESTAURANT
      $6,190,000
      Change: +2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,525,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $5,205,000
      Change: -14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,195,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6103
    Latitude
    41.0387
    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
    $38,238
    $94,060
    $543,180
    $637,240
    -
    $268,740
    $1,551,940
    $1,820,680

    Comparable in this City

    • Value Estimation
      $750,000
      4,480 SF

      3900 Greenwich Rd

      SHOW ROOM, WAREHOUSE • 4,480 SF
      3900 Greenwich Rd, Norton, OH 44203-5428
      View Details
    • Value Estimation by Request
      4,000 SF

      671 Norton Ave

      SHOW ROOM, WAREHOUSE • 4,000 SF
      671 Norton Ave, Barberton, OH 44203-1725
      View Details
    • Value Estimation
      $1,390,000
      10,060 SF

      3443 Smt Rd

      SHOW ROOM, WAREHOUSE • 10,060 SF
      3443 Smt Rd, Norton, OH 44203-5342
      View Details
    • Value Estimation
      $960,000
      5,747 SF

      3823 Wadsworth Rd

      SHOW ROOM, WAREHOUSE • 5,747 SF
      3823 Wadsworth Rd, Norton, OH 44203-5031
      View Details
    • Value Estimation
      $670,000
      4,000 SF

      2197 Wadsworth Rd

      SHOW ROOM, WAREHOUSE • 4,000 SF
      2197 Wadsworth Rd, Norton, OH 44203-5328
      View Details
    • Value Estimation
      $860,000
      15,070 SF

      3636 Smt Rd

      SHOW ROOM, WAREHOUSE • 15,070 SF
      3636 Smt Rd, Norton, OH 44203-5381
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,840 SF

      Versatile Commercial Building in Barberton

      3,840 SF commercial building with retail and residential potential.
      208 2Nd St Northwest, Barberton, OH 44203
      View Details
    • Contact for pricing
      11,876 SF

      Barberton Retail Investment Opportunity

      Retail property with strong sales and long-term tenant commitment.
      1230 Wooster Rd W, Barberton, OH 44203
      View Details
    • Contact for pricing
      7,200 SF

      Freestanding Building on Wooster Road

      7,200 SF commercial building with ample parking.
      510 Wooster Rd W, Barberton, OH 44203
      View Details
    • Contact for pricing
      3,496 SF

      Barberton Mixed-Use Retail Building

      3,496 SF mixed-use retail building in Barberton, Ohio.
      234 31St St, Barberton, OH 44203
      View Details
    • Contact for pricing
      55,000 SF

      Downtown Barberton Historic Building

      Historic building with development potential in downtown Barberton, Ohio.
      554-568 W Tuscarawas Ave, Barberton, OH 44203
      View Details
    • $249,900
      0.11 Acres

      Barberton Restaurant - Turnkey Opportunity

      Established eatery, prime downtown location.
      205 2Nd St, Barberton, OH 44203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space in Barberton, OH

      Grocery-anchored retail space with visibility and ample parking.
      3200 Greenwich Rd, Barberton, OH 44203
      View Details
    • Contact for pricing
      1,000 SF

      Barberton Retail Space For Lease

      Retail spaces available in busy Barberton plaza.
      240 5Th St SE, Barberton, OH 44203
      View Details
    • $2,125 /Mo
      815,008 SF

      Norton, OH Office/Retail Space

      1,700 SF office/retail space in raw condition with build-out potential.
      4332 S Cleveland - Massillon Rd, Norton, OH 44203
      View Details
    • $22 SF/Yr

      543 Wooster Rd West

      Free Standing Retail in Downtown Barberton, Ohio
      543 Wooster Rd West, Barberton, OH 44203
      View Details
    • Contact for pricing

      Retail/Office Space in Norton

      Retail and office spaces available for rent in Norton.
      3725 S Cleveland Massillon Rd, Barberton, OH 44203
      View Details
    • Contact for pricing

      Grocery Anchored Norton Plaza Retail

      Retail spaces for lease in Norton Plaza, Norton, Ohio.
      3200 Greenwich Rd, Norton, OH 44203
      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.
    3250 Barber Rd
    Norton, OH 44203-1012
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!