Sign Up Successful!
You now have access to more from Realmo!
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

    34 Eaton St Delaware, OH 43015

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2105381
    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

    • Small apartment buildings

    Property Details for 34 Eaton St

    Year built
    1970
    Property type
    Small apartment buildings

    Description

    This classic two-unit duplex is ideally located near Ohio Wesleyan University and downtown Delaware, offering excellent proximity to amenities and a strong rental market. Built in 1970, the property sits on a generous 9,583.2 square foot lot. Each unit boasts two bedrooms and one bathroom, currently rented at $1,000 and $900 per month respectively, generating a substantial monthly income stream. The asking price is $284,900, translating to $157.75 per square foot. All kitchen appliances are provided by the owner, while tenants are responsible for all utilities. Recent updates enhance the property's value and appeal, including updated light fixtures, flooring, countertops, cabinets, water heaters, and plumbing. This presents a compelling opportunity for investors seeking a well-maintained, income-producing property in a desirable Ohio location. The property's strong rental history and recent renovations make it a low-maintenance, high-return investment. Don't miss this chance to acquire a turnkey investment property in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0747468
    Latitude
    40.2947312

    Comparable in this City

    • $179,900
      2.04 Acres

      Olentangy River Residential Land

      Scenic 2+ acre riverfront lot; build your dream home.
      0 Olentangy River Rd, Delaware, OH 43015
      View Details
    • Contact for pricing
      1.10 Acres

      Delaware Commercial Land Opportunity

      Prime Ohio land, mixed-use potential.
      0 Glenn Pkwy, Delaware, OH 43015
      View Details
    • $239,900
      1,315 SF

      Charming Cape Cod with Pond View

      Cape Cod with first-floor suite, pond view, near downtown.
      273 Saratoga St, Delaware, OH 43015
      View Details
    • $259,900
      1,340 SF

      Gated Community Home For Sale

      Home in private, gated community with cathedral ceilings and finished basement.
      857 Village Dr, Delaware, OH 43015
      View Details
    • $404,900
      1,578 SF

      Meticulously Kept Home with Amenities

      Pristine home featuring spacious bedrooms, luxurious bathrooms, and custom features.
      6977 Falls View Cir, Delaware, OH 43015
      View Details
    • $499,950
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details

    Similar Nearby for Sale

    • $239,900
      1,315 SF

      Charming Cape Cod with Pond View

      Cape Cod with first-floor suite, pond view, near downtown.
      273 Saratoga St, Delaware, OH 43015
      View Details
    • $259,900
      1,340 SF

      Gated Community Home For Sale

      Home in private, gated community with cathedral ceilings and finished basement.
      857 Village Dr, Delaware, OH 43015
      View Details
    • $404,900
      1,578 SF

      Meticulously Kept Home with Amenities

      Pristine home featuring spacious bedrooms, luxurious bathrooms, and custom features.
      6977 Falls View Cir, Delaware, OH 43015
      View Details
    • Contact for pricing
      1.10 Acres

      Delaware Commercial Land Opportunity

      Prime Ohio land, mixed-use potential.
      0 Glenn Pkwy, Delaware, OH 43015
      View Details
    • $179,900
      2.04 Acres

      Olentangy River Residential Land

      Scenic 2+ acre riverfront lot; build your dream home.
      0 Olentangy River Rd, Delaware, OH 43015
      View Details
    • $499,950
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      6,035 SF

      Delaware Office Space for Lease

      Flexible Workspace Solutions in Ohio
      1 Winter St, Delaware, OH 43015
      View Details
    • $13 SF/Yr
      10,924 SF

      Downtown Delaware Executive Office Space

      Modern office suite, 2,737 sq ft, prime location.
      92 Sandusky St, Delaware, OH 43015
      View Details
    • $18 SF/Yr
      6,339 SF

      Delaware Two-Story Office Building

      Two-story office building in Delaware near OhioHealth Grady Hospital.
      3769 Columbus Pike, Delaware, OH 43015
      View Details
    • Contact for pricing

      Land for Lease Delaware, OH

      Land available for lease in Delaware, Ohio.
      820 Sunbury Rd, Delaware, OH 43015
      View Details
    • Contact for pricing

      Industrial Development Land For Lease

      18 acres of industrial development land available for build-to-suit.
      970 Pittsburgh Dr, Delaware, OH 43015
      View Details
    • $13 SF/Yr

      Historic Office Space in Delaware

      Downtown Delaware office space with exposed brick and oak trim.
      94 N Sandusky St, Delaware, OH 43015
      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.
    34 Eaton St
    Delaware, OH 43015
    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.