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

    3300 Greenwich Rd Norton, OH 44203

    • Strip malls
    • 24,700 SF
    • 5.65 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1143488
    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

    • Strip malls

    Property Details for 3300 Greenwich Rd

    Year built
    2005
    Lot size
    5.65 lot acres
    Property size
    24,700 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    46-08664
    APU
    4608664

    Description

    This exceptional commercial property, located at 3300 Greenwich Rd in Norton, Ohio (Summit County, zip code 44203), offers a unique investment opportunity. The property, part of the Columbia Woods Health & Wellness center, boasts a total building size of 25,000 square feet, with 6,239 square feet currently vacant and available for lease. The land area ranges from 0.49 to 0.94 acres, providing ample space for expansion or additional development. The building features excellent curb appeal and abundant parking, ensuring convenient access for patients and staff. Its strategic location offers exceptional visibility and easy access to I-76, a major transportation artery. The property is situated adjacent to the thriving Columbia Woods health and wellness center, which includes tenants such as Snap Fitness, Pioneer Physicians Network, US Renal Care, Athletico Physical Therapy, The Medicine Shoppe Pharmacy, and Peoples Bank. This established medical hub provides a synergistic environment and a strong base of potential clientele. The property's classification includes Retail, Office, and Land designations, offering flexibility for various commercial uses. Three spaces are currently available, ranging in size from 6,239 to 40,946 square feet, catering to a variety of business needs. The property's proximity to Norton Acme Plaza further enhances its desirability and accessibility. This is an ideal location for medical practices, retail businesses, or other commercial ventures seeking high visibility and a thriving community setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,323,000
      Market price range: $741k - $3.28M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,310,000
      Current use
      RESTAURANT
      $2,750,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,695,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,455,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $2,315,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $1,915,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6444
    Latitude
    41.0252
    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
    $31,754
    $89,230
    $439,950
    $529,180
    -
    $254,930
    $1,257,000
    $1,511,930

    Comparable in this City

    • Value Estimation
      $755,000
      9,200 SF

      4081 Cleveland Massillon Rd, Unit 4091

      SHOPPING CENTER, STRIP CENTER • 9,200 SF
      4081 Cleveland Massillon Rd, Barberton, OH 44203-5641
      View Details
    • Value Estimation
      $680,000
      24,382 SF

      240 5th SE St, Unit 248

      SHOPPING CENTER, STRIP CENTER • 24,382 SF
      240 5th SE St, Barberton, OH 44203-4265
      View Details
    • Value Estimation
      $785,000
      7,462 SF

      1424 Wooster W Rd, Unit 1434

      SHOPPING CENTER, STRIP CENTER • 7,462 SF
      1424 Wooster W Rd, Barberton, OH 44203-7307
      View Details
    • Value Estimation
      $680,000
      16,800 SF

      3725 Cleveland Massillon Rd

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      3725 Cleveland Massillon Rd, Barberton, OH 44203-5614
      View Details
    • Value Estimation by Request
      4,113 SF

      901 Wooster Rd

      Lifestyle centers • 4,113 SF
      901 Wooster Rd, Barberton, OH 44203
      View Details
    • Value Estimation
      $5,750,000
      60,727 SF

      3200 Greenwich Rd

      MINI-MALL • 60,727 SF
      3200 Greenwich Rd, Norton, OH 44203-5764
      View Details

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      Barberton Restaurant Opportunity For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space in Barberton, OH

      Grocery-anchored retail space with visibility and ample parking.
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      Norton Plaza Retail Center

      Prime Norton, OH Shopping Center Space Available
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      View Details
    • $12 SF/Yr
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      Barberton Retail Space For Lease

      Retail spaces available in busy Barberton plaza.
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      View Details
    • $9 SF/Yr
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      Greenridge Plaza Office Suites

      Norton Office Space: Retail & Office
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    • Contact for pricing
      25,000 SF

      Columbia Woods Medical Office Space

      Prime Norton, OH medical office space available.
      3300 Greenwich Rd, Norton, OH 44203
      View Details
    • $13 SF/Yr
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      Former Retail Space with Drive-Thru

      Corner retail space with drive-thru and highway access.
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      View Details
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    3300 Greenwich Rd
    Norton, OH 44203
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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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