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

    3455 Frst Lk Dr Uniontown, OH 44685-8131

    • Office buildings
    • 40,800 SF
    • 3.54 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2023
    $3,200,000
    Value Estimations
    $3,145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5572944
    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

    • Office buildings

    Property Details for 3455 Frst Lk Dr

    Year built
    1999
    Lot size
    3.54 lot acres
    Property size
    40,800 SF
    Property type
    Office buildings
    APN
    28-16596
    APU
    2816596

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,980,000
      ML approach
      $3,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,932,000
      Market price range: $1.93M - $4.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,165,000
      Current use
      RESTAURANT
      $4,545,000
      Change: +43% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,060,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $3,820,000
      Change: +21% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,815,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,025,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Uniontown
    County
    Summit
    State
    Ohio
    Longitude
    -81.4734
    Latitude
    40.9692
    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
    $39,512
    $116,020
    $586,480
    $702,500
    -
    $331,480
    $1,675,660
    $2,007,140

    Comparable in this City

    • Value Estimation
      $655,000
      11,960 SF

      3540 Frst Lk Dr

      OFFICE BUILDING • 11,960 SF
      3540 Frst Lk Dr, Uniontown, OH 44685-8105
      View Details
    • Value Estimation by Request
      8,602 SF

      4031 Massillon Rd

      OFFICE BUILDING • 8,602 SF
      4031 Massillon Rd, Uniontown, OH 44685-7821
      View Details
    • Value Estimation
      $965,000
      32,800 SF

      1559 Corporate Woods Pkwy

      OFFICE BUILDING • 32,800 SF
      1559 Corporate Woods Pkwy, Uniontown, OH 44685-7872
      View Details
    • Value Estimation
      $1,200,000
      5.24 Acres

      1949 Town Park Blvd

      OFFICE BUILDING • 5.24 Acres
      1949 Town Park Blvd, Uniontown, OH 44685-7925
      View Details
    • Value Estimation
      $1,900,000
      34,148 SF

      3792 Boettler Oaks Dr

      OFFICE BUILDING • 34,148 SF
      3792 Boettler Oaks Dr, Uniontown, OH 44685-7733
      View Details
    • Value Estimation
      $1,985,000
      18,665 SF

      3535 Frst Lk Dr

      OFFICE BUILDING • 18,665 SF
      3535 Frst Lk Dr, Uniontown, OH 44685-8105
      View Details

    Similar Nearby for Sale

    • $1,950,000
      16,095 SF

      Massillon Road Investment Opportunity

      Two buildings totaling 16,095 SF on Massillon Rd.
      4016 Massillon Rd, Uniontown, OH 44685
      View Details
    • Contact for pricing
      13,904 SF

      Uniontown Office Building For Sale

      13,904 SF office building with ample parking near I-77.
      1540 Corporate Woods Pkwy, Uniontown, OH 44685
      View Details
    • $575,000
      1.21 Acres

      Uniontown Commercial Land

      Prime 1.21-acre commercial lot.
      0 Thorn Dr, Uniontown, OH 44685
      View Details
    • $89,900
      1.05 Acres

      Cleared Lot in Lake Township

      1+ acre lot ready for your dream home.
      Heckman St NW, Uniontown, OH 44685
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    • $359,000

      Commercial Land Near Green Ohio

      Two commercial lots suitable for retail development near Hartville Marketplace.
      13075-13087 Cleveland Ave Nw, Uniontown, OH 44685
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    • $75,000
      1.19 Acres

      Uniontown Commercial Land - $75K

      1.19 Acres, C-2 Zoning, High Traffic
      3555 Vista St, Uniontown, OH 44685
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      42,345 SF

      Uniontown Executive Office Suites

      Prime Uniontown Office Space Available
      1840 Town Park Blvd, Uniontown, OH 44685
      View Details
    • $12 SF/Yr
      24,000 SF

      Akron/Canton Office Space Available

      Prime Green Submarket Office, 4,124 SF Available
      3475 Forest Lake Dr, Uniontown, OH 44685
      View Details
    • Contact for pricing
      2,827 SF

      Office Space in Park Setting

      Office space available in a green, park-like environment.
      3575 Forest Lake Dr, Uniontown, OH 44685
      View Details
    • $15 SF/Yr
      32,000 SF

      Akron/Canton Office Space Available

      Modern Green office suite, 2,918 sq ft.
      1559 Corporate Woods Pkwy, Uniontown, OH 44685
      View Details
    • $12 SF/Yr
      1,670 SF

      Class A Office Space Available

      1,670 SF Class A office space for rent.
      1790 Graybill Rd, Uniontown, OH 44685
      View Details
    • $15 SF/Yr
      1,150 SF

      Retail/Office Storefront with Signage

      Retail or office space with high visibility and signage opportunities.
      1840 Town Park Blvd, Uniontown, OH 44685
      View Details
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    Uniontown, OH 44685-8131
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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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