37040 Colorado Ave Avon, OH 44011
This exceptional 0.13-acre office building, located at 37040 Colorado Avenue in the thriving city of Avon, Ohio, presents a compelling investment opportunity. The property boasts a completely remodeled interior, completed in 2017, from the studs up. This extensive renovation included a new HVAC system with updated ductwork, a replacement hot water tank, all new windows, a comprehensive electrical upgrade, and superior insulation achieved through a combination of spray foam and fiberglass. Accessibility features were also enhanced with the installation of a handicap-accessible ramp. Exterior improvements are equally impressive, featuring new siding, gutters, and a chimney replacement completed in 2021. Further enhancing the property's functionality and longevity, a new drainage system was installed in 2023. The building currently benefits from long-term tenants, ensuring a stable and predictable income stream. This property's combination of recent upgrades, desirable location in the heart of Avon, and established tenancy makes it an ideal investment for discerning buyers seeking a high return on investment in a prime commercial location. The asking price is $399,000. The square footage is not currently available.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.