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

    3490 Hudson Dr Stow, OH 44224-6962

    • Community centers
    • 7,320 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Jan 16, 2025
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1818462
    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

    • Community centers

    Property Details for 3490 Hudson Dr

    Year built
    2005
    Lot size
    0.96 lot acres
    Property size
    7,320 SF
    Property type
    Community centers
    APN
    56-18543
    APU
    5618543

    Description

    This 7,280 square foot multi-tenant retail building is located at 3490 Hudson Drive in Stow, Ohio, Summit County, zip code 44224. The property offers excellent visibility and convenient access from Route 8 (66,521 vehicles per day), situated near the intersection of Graham Road and Hudson Drive. This prime location benefits from being in a Walmart and Lowe's-anchored shopping center, ensuring high traffic and strong consumer presence. Currently, there is 1,800 square feet (30' x 60') available for lease. The building's existing tenants include established businesses such as Jimmy John's, Great Clips, and Verizon, creating a synergistic and attractive retail environment. The property is classified as Retail, Small Shop, and Endcap, making it ideal for a variety of retail uses. The building's total square footage is 7,280 square feet. This opportunity presents a strong investment potential in a high-traffic area with established anchor tenants and excellent visibility. The property's location provides easy access for customers and employees alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $892,000
      Market price range: $220k - $972k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $685,000
      Current use
      RESTAURANT
      $815,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $730,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $685,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $655,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Stow
    County
    Summit
    State
    Ohio
    Longitude
    -81.4775
    Latitude
    41.1646
    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
    $20,385
    $109,410
    $200,100
    $309,510
    -
    $312,590
    $571,720
    $884,310

    Comparable in this City

    • Value Estimation
      $2,405,000
      108,813 SF

      4431 Kent Rd, Unit 4455

      MINI-MALL • 108,813 SF
      4431 Kent Rd, Stow, OH 44224-4332
      View Details
    • Value Estimation
      $1,890,000
      23,104 SF

      3515 Hudson Dr

      MINI-MALL • 23,104 SF
      3515 Hudson Dr, Stow, OH 44224-6967
      View Details
    • Value Estimation by Request
      3,060 SF

      1560 Norton Rd

      MINI-MALL • 3,060 SF
      1560 Norton Rd, Stow, OH 44224-1410
      View Details
    • Value Estimation
      $980,000
      42,038 SF

      3275 Kent Rd, Unit 3301

      MINI-MALL • 42,038 SF
      3275 Kent Rd, Stow, OH 44224-4508
      View Details
    • Value Estimation
      $4,820,000
      53,086 SF

      3732 Darrow Rd

      MINI-MALL • 53,086 SF
      3732 Darrow Rd, Stow, OH 44224-4050
      View Details
    • Value Estimation by Request
      2,661 SF

      1540 Norton Rd

      MINI-MALL • 2,661 SF
      1540 Norton Rd, Stow, OH 44224-1410
      View Details

    Similar Nearby for Sale

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      3.07 Acres

      Stow, OH Retail Development Opportunity

      Prime 3.07-acre retail site, build-to-suit available.
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      1.02 Acres

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      Prime Stow, OH retail land: high traffic, visibility.
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      7,098 SF space on 2.56 acres, ideal for restaurant/retail.
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    Similar Nearby for Lease

    • Contact for pricing
      123,285 SF

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      1,346 SF

      Grocery Anchored Retail Space

      Retail space in a grocery-anchored shopping center.
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      View Details
    • Contact for pricing
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      Retail Space in Stow Community

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    • $13 SF/Yr
      54,450 SF

      Stow Hudson Towne Centre Retail

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    • $14 SF/Yr
      13,757 SF

      Stow Office Suite - 2,000 SF

      Prime Stow location, 2,000 sq ft office space.
      4161 Steels Pointe, Stow, OH 44224
      View Details
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    Stow, OH 44224-6962
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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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