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    3475 Forest Lake Dr Uniontown, OH 44685

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    3475 Forest Lake Dr Uniontown, OH 44685

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    • Office buildings
    • 24,000 SF
    • 3.15 lot acres
    For Lease
    $825,000
    View Listing →
    Uniontown Office Building For Rent For Lease
    $825,000

    Uniontown Office Building For Rent

    Office building in park-like setting with community access.

    3475 Forest Lake Dr, Uniontown, OH 44685
    View Listing
    Property ID
    US66-2834253
    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
    $825,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RETTEW / Engineering Consultant
    • BWK Engineering / Engineering Consultant / Mechanical Engineer
    • Orkin / Garden Center

    Property Details for 3475 Forest Lake Dr

    Year built
    1999
    Lot size
    3.15 lot acres
    Property size
    24,000 SF
    Property type
    Office buildings
    APN
    28-16595
    APU
    2816595

    Description

    This single-story, 24,000 square foot Class C office building, constructed in 1997, offers a unique opportunity in the desirable Green submarket of the Akron/Canton Corporate Park. Located at 3475 Forest Lake Drive, Uniontown, OH 44685, this property boasts a tranquil park-like setting, conveniently situated across from a pond and walking path. The building features one suite totaling 24,000 square feet, with 4,124 square feet currently available for lease. This space is ideal for a variety of office uses, offering a minimum divisible space of 4,124 square feet and a maximum contiguous space of 4,124 square feet. The building's location provides easy access to local amenities and services. The address is easily accessible via Corporate Woods Pkwy. This is a fantastic opportunity for businesses seeking a serene yet accessible office space in a thriving business park. The property is situated in the Akron/Canton Corporate Park, a well-established business hub. The building's single-story design offers convenient access and functionality. Don't miss this chance to secure your ideal office space in this sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $1.14M - $2.73M
      AI Estimate
      $750,000
      Market price range: $510k - $1.94M

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

    Location Insight

    • Map
    • Local Demand
    City
    Uniontown
    County
    Summit
    State
    Ohio
    Longitude
    -81.4726
    Latitude
    40.9685
    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
    $27,931
    $74,870
    $421,050
    $495,920
    -
    $213,900
    $1,202,990
    $1,416,890

    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
      10,660 SF

      4016 Massillon Rd

      OFFICE BUILDING • 10,660 SF
      4016 Massillon Rd, Uniontown, OH 44685-7818
      View Details
    • Value Estimation
      $1,255,000
      11,470 SF

      1507 Boettler Rd, Unit 1549

      OFFICE BUILDING • 11,470 SF
      1507 Boettler Rd, Uniontown, OH 44685-7767
      View Details
    • Value Estimation
      $1,050,000
      26,100 SF

      3777 Boettler Oaks Dr

      OFFICE BUILDING • 26,100 SF
      3777 Boettler Oaks Dr, Uniontown, OH 44685-7733
      View Details
    • Value Estimation
      $805,000
      19,650 SF

      1575 Corporate Woods Pkwy

      OFFICE BUILDING • 19,650 SF
      1575 Corporate Woods Pkwy, Uniontown, OH 44685-7842
      View Details
    • Value Estimation
      $1,450,000
      49,132 SF

      3628 Massillon Rd, Unit 3656

      OFFICE BUILDING • 49,132 SF
      3628 Massillon Rd, Uniontown, OH 44685-8708
      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

      Vacant Land Parcel For Sale

      Vacant land parcel available on busy Cleveland Avenue corner.
      3555 N Vista St NW, Uniontown, OH 44685
      View Details
    • Contact for pricing

      Land For Sale Uniontown

      Land available for sale in Uniontown, Ohio.
      Forest Lake Dr, Uniontown, OH 44685
      View Details
    • Contact for pricing

      Land Available in Uniontown, Ohio

      Land for sale at 1455 Corporate Woods Pkwy, Uniontown, OH.
      1455 Corporate Woods Pkwy, Uniontown, OH 44685
      View Details
    • $969,800
      3,328 SF

      Uniontown Multifamily Investment Opportunity

      Two quad buildings totaling eight units on 1.10 acres.
      3555-3557 N Vista St NW, Uniontown, OH 44685
      View Details
    • Contact for pricing

      Highway Visible Commercial Land

      1.2141 acre commercial land with highway visibility.
      Thorn Dr, Green, OH 44685
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prominent Office Building For Rent

      Office building with I-77 exposure and easy highway access.
      1575 Corporate Woods Pkwy, Uniontown, OH 44685
      View Details
    • Contact for pricing

      Prominent Building on Massillon Road

      Office building for rent with easy access and local ownership.
      3515 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
    • Contact for pricing

      Professional Office Suites For Lease

      Office suites available in Green, Ohio, from 1,500 to 26,000sqft.
      1623 Boettler Rd, Uniontown, OH 44685
      View Details
    • Contact for pricing

      Prominent Building Overlooking I-77

      Located in Green, Ohio, with access to Akron and Canton.
      1559 Corporate Woods Pkwy, Uniontown, OH 44685
      View Details
    • $15 SF/Yr
      2,350 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
    View Listing
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    Uniontown, OH 44685
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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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