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    33- Chillicothe Rd Aurora, OH 44202

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    33- Chillicothe Rd Aurora, OH 44202

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    • Office properties & Spaces
    • 11,306 SF
    • 0.78 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Aurora Office Space For Lease For Lease
    $18 SF/Yr
    6,785 SF

    Aurora Office Space For Lease

    Available office space in Aurora, Ohio, totaling 6,785 square feet.

    33- 35 Chillicothe Road, Aurora, OH 44202
    View Listing
    Property ID
    US66-1013580
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Scott Hemrock American Family Insurance / Insurance Agency
    • Attorney Sharon Sabarese / Law Firm
    • V Financial Partners / Financial Advisor
    • Beth Martin Realtor / Real Estate Agency
    • V Financial Partners. Tyson Vines & Erin Vick / Financial Advisor

    Property Details for 33- Chillicothe Rd

    Year built
    1875
    Lot size
    0.78 lot acres
    Property size
    11,306 SF
    Property type
    Office properties & Spaces
    APN
    03-017-00-00-047
    APU
    30170000047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.346
    Latitude
    41.3183
    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
    $9,666
    $47,320
    $83,720
    $131,040
    -
    $135,200
    $239,200
    $374,400

    Comparable in this City

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      OFFICE (GENERAL) • 8,488 SF
      1275 Danner Dr, Aurora, OH 44202-8054
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      $1,260,000
      12,923 SF

      1400 Chillicothe Rd

      OFFICE (GENERAL) • 12,923 SF
      1400 Chillicothe Rd, Aurora, OH 44202-9282
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      215 Garfield Rd Ste, Unit 140

      CONDOMINIUM OFFICES
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      215 Garfield Rd, Unit 230

      CONDOMINIUM OFFICES
      215 Garfield Rd, Aurora, OH 44202-7949
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    • Value Estimation
      $2,600,000
      30,650 SF

      252 Chillicothe Rd

      OFFICE (GENERAL) • 30,650 SF
      252 Chillicothe Rd, Aurora, OH 44202-9725
      View Details

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      Versatile Outbuilding Setup on Acre

      One-acre parcel with versatile outbuildings, strong utilities, and ample parking.
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      Commercial Land Near SR 82

      Approximately 0.67 acres available for sale or ground lease.
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      Land For Sale in Aurora

      Commercial land available in Aurora, Ohio.
      622 Club Dr W, Aurora, OH 44202
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      Land with Lake Views

      Secluded 12.869-acre property with potential for multiple homes.
      Aurora Hill Dr, Aurora, OH 44202
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    • $650,000
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      Land with Aurora Lake Views

      Secluded 12.869-acre property with lake views in Aurora, Ohio.
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    Similar Nearby for Lease

    • $725 /Mo
      36,155 SF

      Modern Coworking Space Available

      Productive coworking environment with amenities and professional development events.
      45 N Chillicothe Rd, Aurora, OH 44202
      View Details
    • $18 SF/Yr
      6,785 SF

      Aurora Office Space For Lease

      Available office space in Aurora, Ohio, totaling 6,785 square feet.
      33- Chillicothe Rd, Aurora, OH 44202
      View Details
    • $18 SF/Yr

      Charming Office Space in Aurora

      Historic office space with modern features and ample parking.
      33 North Chillicothe Rd, Aurora, OH 44202
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      7,200 SF

      Affordable Office Space in Aurora

      7,200 SF office space with highway access and ample parking.
      1263 S Chillicothe Rd, Aurora, OH 44202
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      Aurora Industrial Space Available

      Industrial space available for rent in Aurora, Ohio.
      325 Campus Dr, Aurora, OH 44202
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      60,000 SF

      Aurora Warehouse with Dock Access

      60,000 SF warehouse with docks, drive-in, and ample power.
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      View Details
    View Listing
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    Aurora, OH 44202
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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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