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    Property profile & analytics

    3450 Blackmore Rd Perry, OH 44081-9534

    • Manufacturing properties
    • 22,410 SF
    • 2.88 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6311040
    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

    • Diversified Fitting Inc / Manufacturer
    • Fittings Unlimited Inc (CLE) / Hydraulic Equipment Supplier / Wholesaler

    Property Details for 3450 Blackmore Rd

    Year built
    2001
    Construction
    WOOD
    Lot size
    2.88 lot acres
    Property size
    22,410 SF
    Property type
    Manufacturing properties
    APN
    03-A-014-A-00-008-0
    APU
    03A014A000080

    Description

    This exceptional industrial property in Perry, Ohio, offers a total of 11.258 acres of land, strategically divided into three parcels for flexible development options. Parcel #1, encompassing 3.1 acres, is identified by APN 03A014A000130 and is priced at $68,200. Parcel #2, measuring 3.2 acres and designated as APN 03A014A000160, is offered at $70,400. Finally, Parcel #3, the largest at 4.7 acres and with APN 03A014A000170, is listed at $103,840. The property boasts convenient access to Route 2 and I-90, ensuring seamless transportation and logistics. All utilities are available on-site, simplifying development plans. This location is situated within the Joint Economic Development District, providing potential access to economic incentives and development support. The property is ideal for various industrial uses, offering a significant opportunity for investors and developers seeking a strategic location in a thriving area. The address is 3450 Blackmore Rd, Perry, OH 44081, and the property is zoned for industrial use. This is a rare opportunity to acquire a substantial land holding in a prime location with excellent infrastructure and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $619,000
      Market price range: $353k - $913k

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Lake
    State
    Ohio
    Longitude
    -81.1775
    Latitude
    41.7781
    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
    $21,131
    $27,130
    $215,010
    $242,140
    -
    $77,510
    $614,300
    $691,810

    Comparable in this City

    • Value Estimation
      $240,000
      12,040 SF

      3815 Ln Rd Ext

      MANUFACTURING (LIGHT) • 12,040 SF
      3815 Ln Rd Ext, Perry, OH 44081-9549
      View Details
    • Value Estimation
      $270,000
      15,450 SF

      3785 Ln Rd Ext

      MANUFACTURING (LIGHT) • 15,450 SF
      3785 Ln Rd Ext, Perry, OH 44081-9549
      View Details
    • Value Estimation
      $490,000
      9,990 SF

      3200 Blackmore Rd

      MANUFACTURING (LIGHT) • 9,990 SF
      3200 Blackmore Rd, Perry, OH 44081-9523
      View Details
    • Value Estimation
      $360,000
      25,152 SF

      3705 Ln Rd Ext

      MANUFACTURING (LIGHT) • 25,152 SF
      3705 Ln Rd Ext, Perry, OH 44081-9549
      View Details
    • Value Estimation
      $1,005,000
      20,968 SF

      3470 Blackmore Rd

      MANUFACTURING (LIGHT) • 20,968 SF
      3470 Blackmore Rd, Perry, OH 44081-9534
      View Details
    • Value Estimation
      $640,000
      55,520 SF

      3767 Ln Rd Ext

      MANUFACTURING (LIGHT) • 55,520 SF
      3767 Ln Rd Ext, Perry, OH 44081-9549
      View Details

    Similar Nearby for Sale

    • $177,870
      5.93 Acres

      Perry, OH Commercial Land for Sale

      5.93 Acres M-1 Zoned Development Land
      3269 Center Rd, Perry, OH 44081
      View Details
    • $1,850,000

      Vacant Land Ready for Development

      60+/- acres of vacant land ideal for commercial development.
      3237 Perry Park Rd, Perry, OH 44081
      View Details
    • $52,900
      Pending

      Land in Dugans Landing

      Vacant land suitable for building in Perry, Ohio.
      V/L Tarpon Cv, Perry, OH 44081
      View Details
    • $289,000
      17.55 Acres

      Perry, OH Land Available

      17.55 acre land parcel in Perry, Ohio for sale.
      Townline Rd, Perry, OH 44081
      View Details
    • $699,000
      28.30 Acres

      Perry, OH Industrial Land

      28+ acre industrial land parcel ready for development.
      3320 Perry Park Rd, Perry, OH 44081
      View Details
    • $335,000
      16.57 Acres

      North Perry Acreage for Development

      16.57 acres of cleared land in North Perry, Ohio.
      Antioch Rd, Perry, OH 44081
      View Details
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    3450 Blackmore Rd
    Perry, OH 44081-9534
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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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