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    3750 Market St Fairlawn, OH 44333-4804
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    Property profile & analytics

    3750 Market St Fairlawn, OH 44333-4804

    View on Map
    • Community centers
    • 138,240 SF
    • 11.20 lot acres
    Off-Market
    Property ID
    US66-2367131
    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
    $3,590,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 3750 Market St

    Year built
    1992
    Lot size
    11.20 lot acres
    Property size
    138,240 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    09-03142
    APU
    903142

    Description

    Rosemont Commons, a thriving 483,688 square foot retail strip center in Akron, Ohio, presents a prime opportunity. Strategically located at the intersection of Route 18 and Cleveland-Massillon Road in the high-traffic Montrose/Fairlawn area, this multi-tenant property boasts a strong roster of national and regional anchors. Current tenants include Giant Eagle, Walmart, Sam's Club, Michaels, and PetSmart, ensuring consistent foot traffic and brand recognition. A significant 35,860 square feet of vacant space is currently available, offering flexibility for a variety of retail uses. The available space totals 3,581 square feet, ideal for expansion or new business ventures. This property benefits from its location within a well-established and densely populated area, promising high visibility and accessibility for potential tenants. The address is 3750 W Market St, Akron, OH 44333. This is an exceptional opportunity to secure a prominent retail presence in a highly sought-after Akron location. The property's size and tenant mix provide a stable and attractive investment prospect. Contact us today to learn more about this exceptional retail space and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Summit
    State
    Ohio
    Longitude
    -81.634
    Latitude
    41.1339
    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
    $154,863
    $631,120
    $2,092,790
    $2,723,910
    -
    $1,803,200
    $5,979,390
    $7,782,590

    Comparable in this City

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      3757 Medina Rd

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    • Value Estimation
      $785,000
      4,601 SF

      2671 Market St, Unit 2777

      MINI-MALL • 4,601 SF
      2671 Market St, Fairlawn, OH 44333-4230
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    • Value Estimation
      $680,000
      7,532 SF

      3571 Brookwall Dr

      MINI-MALL • 7,532 SF
      3571 Brookwall Dr, Fairlawn, OH 44333-9295
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    • Value Estimation
      $1,365,000
      14,375 SF

      3757 Medina Rd, Unit A-B

      MINI-MALL • 14,375 SF
      3757 Medina Rd, Akron, OH 44333
      View Details
    • Value Estimation
      $2,115,000
      25,300 SF

      620 Ridgewood Xing

      MINI-MALL • 25,300 SF
      620 Ridgewood Xing, Fairlawn, OH 44333-3531
      View Details
    • Value Estimation
      $12,185,000
      139,092 SF

      3879 Medina Rd, Unit 3899

      MINI-MALL • 139,092 SF
      3879 Medina Rd, Akron, OH 44333-2449
      View Details

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      New Construction Drive-Thru Restaurant

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      Fairlawn Retail/Office Space For Sale

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    • $250,000
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      Montrose Retail Area Land Parcel

      Undeveloped land parcel in Fairlawn's Montrose retail area.
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      1,706 SF

      Copley Commercial Property for Sale

      1,706 SF property on 1.36 acres in Copley, Ohio.
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    • $2,479,000
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      Fairlawn Retail Investment Opportunity

      High-traffic retail building, prime location.
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    Similar Nearby for Lease

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      Retail Space in Fairlawn Area

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      Grocery Anchored Shopping Center Space

      Retail space in a grocery-anchored shopping center for lease.
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      9,180 SF

      Fairlawn Retail Space Sublease

      36,100 SF grocery anchor sublease in Akron, OH.
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      1,045 SF

      Fairlawn Retail/Office Space Available

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      717 SF

      Akron Retail Space For Lease

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      1,220 SF

      Akron Retail Space For Lease

      Neighborhood shopping center anchored by Giant Eagle, Marc's and HomeGoods.
      2661 W Market St, Akron, OH 44333
      View Details
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    Fairlawn, OH 44333-4804
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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.

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