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    Property profile & analytics

    36711 American Way Avon, OH 44011-4062

    • Medical offices
    • 16,414 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5569554
    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

    • Chelsea Rose / Speech Pathologist
    • Bryan Costin, MD / Ophthalmologist
    • Irene Orynchak, RPH / Pharmacy
    • Ellen M. Button, RPh / Pharmacy
    • John Costin, MD / Doctor

    Property Details for 36711 American Way

    Year built
    2004
    Lot size
    0.38 lot acres
    Property size
    16,414 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    04-00-016-702-001
    APU
    400016702001

    Description

    This exceptional Class A executive office suite, located at 36711 American Way in Avon, Ohio (44011), presents a unique investment opportunity. The 1,940 square foot, single-story building, constructed in 2004, boasts high visibility from I-90, ensuring excellent brand exposure. Currently vacant, this turnkey property is ready for immediate occupancy. The interior features a sophisticated design with natural wood finishes, creating a professional and inviting atmosphere. The layout includes four private offices, a dedicated conference room, and a separate kitchen area. All existing desks and furniture are included in the sale price of $310,000, representing a price per square foot of $159.79. The property is situated in Lorain County and features convenient access to I-90. The property's APN is 04-00-016-702-003. This is a single-unit building with 100% occupancy (currently vacant). This represents a rare opportunity to acquire a well-maintained, high-visibility executive office space in a desirable location. The property is owner-occupied.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,044,000
      Market price range: $811k - $2.44M
      AI Estimate
      $1,090,000
      Market price range: $502k - $2.14M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,350,000
      COMMERCIAL (GENERAL)
      $1,350,000
      WAREHOUSE, STORAGE
      $1,340,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0276
    Latitude
    41.4652
    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
    $47,092
    $156,835
    $576,702
    $733,537
    -
    $448,100
    $1,647,720
    $2,095,820

    Comparable in this City

    • Value Estimation
      $8,955,000
      58,594 SF

      37900 Chester Rd

      MEDICAL BUILDING • 58,594 SF
      37900 Chester Rd, Avon, OH 44011-1044
      View Details
    • Value Estimation
      $505,000
      3,073 SF

      36595 Detroit Rd

      MEDICAL BUILDING • 3,073 SF
      36595 Detroit Rd, Avon, OH 44011-2846
      View Details
    • Value Estimation
      $1,795,000
      17,904 SF

      36901 American Way

      MEDICAL BUILDING • 17,904 SF
      36901 American Way, Avon, OH 44011-4057
      View Details
    • Value Estimation by Request
      2,880 SF

      36388 Detroit Rd

      MEDICAL BUILDING • 2,880 SF
      36388 Detroit Rd, Avon, OH 44011-1506
      View Details
    • Value Estimation by Request
      2,190 SF

      36855 American Wayb

      MEDICAL BUILDING • 2,190 SF
      36855 American Wayb, Avon, OH 44011-4054
      View Details
    • Value Estimation by Request
      5,790 SF

      36855 American Way Ste C

      MEDICAL BUILDING • 5,790 SF
      36855 American Way Ste C, Avon, OH 44011-4059
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Avon Office Space for Lease

      High-visibility Avon office space available.
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    • $1,750 /Mo
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      Professional Office Suite in Avon

      Versatile office space suitable for medical, administrative, or general use.
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    • $2,900 /Mo
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      Avon Warehouse and Office Space

      Well-maintained warehouse and office building near I-90 in Avon, OH.
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    • Contact for pricing
      70,000 SF

      Avon Manufacturing and Warehouse Space

      70,000 SF manufacturing/office/storage space near I-90 in Avon, OH.
      1500 Nagel Rd, Avon, OH 44011
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    • Contact for pricing
      56,192 SF

      Avon Retail Land - I-90 Corridor

      Prime 1+ acre outparcel; high-growth area.
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    • Contact for pricing
      130,680 SF

      Avon 3-Acre Development Site

      Prime Avon location, I-90 visibility, build-to-suit options.
      38296 Colorado Ave, Avon, OH 44011
      View Details
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    Avon, OH 44011-4062
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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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