Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    384 High St Cortland, OH 44410-1419
    Back to Search
    Property profile & analytics

    384 High St, Cortland, OH 44410-1419

    View on Map
    • Outlet malls
    • 10,640 SF
    • 1.62 lot acres
    Off-Market
    Property ID
    US66-2532080
    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
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 384 High St

    Year built
    2015
    Construction
    CONCRETE
    Lot size
    1.62 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    34-046551
    APU
    34046551

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2017 — Route 80 Storage Co LLC — Deed · related $808k · Middlefield Bkng
    Apr 25, 2017 $1,650,700 Route 80 Storage Co LLC Cortland Dohp X LLC Grant Deed —
    Dec 30, 2014 $266,000 Corttland Dohp X LLC William J Henkel Fiduciary Deed —
    Sep 28, 2011 — Henkel William J Living Trust Henkel W J Living Trust Quit Claim Deed · related —
    Nov 15, 2006 — Henkel William J Living Trust Henkel,william J & Geraldine E Quit Claim Deed · related —
    — — Route 80 Storage Co LLC — Deed Of Trust · related $808k · Middlefield Bkng

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,710,000
      6.5%
      $1,580,000
      7%
      $1,470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,025,000
      Market price range: $362k - $1.18M
      AI Estimate
      $1,545,000
      Market price range: $540k - $1.75M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $980,000
      COMMERCIAL (GENERAL)
      $975,000
      MEDICAL BUILDING
      $870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7286
    Latitude
    41.3244
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 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
    $19,549
    $58,210
    $241,260
    $299,470
    -
    $166,300
    $689,300
    $855,600

    Comparable in this City

    • Value Estimation
      $1,245,000
      9,100 SF

      6229 State Rte 46

      WHOLESALE OUTLET, DISCOUNT STORE
      6229 State Rte 46, Cortland, OH 44410-9688
      View Details
    • Value Estimation
      $780,000
      7,920 SF

      322 High St

      WHOLESALE OUTLET, DISCOUNT STORE
      322 High St, Cortland, OH 44410-1419
      View Details
    • Value Estimation
      $1,125,000
      8,320 SF

      451 High St

      WHOLESALE OUTLET, DISCOUNT STORE
      451 High St, Cortland, OH 44410-1437
      View Details
    • Value Estimation
      $1,320,000
      9,100 SF

      3290 Hoagland Blackstub Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      3290 Hoagland Blackstub Rd, Cortland, OH 44410-9171
      View Details
    • Value Estimation
      $2,460,000
      4,376 SF

      2160-64 Millenium Blvd

      SHOPPING CENTER, STRIP CENTER
      2160-64 Millenium Blvd, Cortland, OH 44410
      View Details
    • Value Estimation by Request
      4,800 SF

      231 High St

      SHOPPING CENTER, STRIP CENTER
      231 High St, Cortland, OH 44410-1417
      View Details

    Similar Nearby for Sale

    • $260,000
      8,778 SF

      Cortland, OH Storefront - $260K

      Prime Retail Space, High Occupancy
      252 Main St, Cortland, OH 44410
      View Details
    • Contact for pricing
      2,042 SF

      Retail Property in Cortland, Ohio

      Retail property available for sale in Cortland, Ohio.
      2576 Davis Peck Rd, Cortland, OH 44410
      View Details
    • Contact for pricing
      8,778 SF

      Established Dog Care Facility

      Two-story dog care facility with grooming amenities and updated systems.
      252 W Main St, Cortland, OH 44410
      View Details
    • Contact for pricing

      Land For Sale Cortland, OH

      Land available for sale in Cortland, Ohio.
      2282 Wilson Sharpsville Rd, Cortland, OH 44410
      View Details
    • $306,000

      Commercial Land Near Major Routes

      Commercial land with multi-family zoning and high traffic access.
      3481 Niles Cortland Rd Northeast, Cortland, OH 44410
      View Details
    • New
      $99,500
      9.86 Acres

      Wooded Acreage in Bazetta Township

      Approximately 10-acre wooded parcel offers room for a home, hobby farm, or horse property in Bazetta Township.
      2375 Howland Wilson Rd NE, Cortland, OH 44410
      View Details

    Similar Nearby for Lease

    • New
      $2,500 /Mo
      25,801 SF

      Steel Industrial Flex Building

      New steel flex/warehouse with concrete floors, insulation, utilities on site, and two large overhead doors for vehicle access.
      3218 State Route 5, Cortland, OH 44410
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land for rent with high traffic and frontage.
      192 S High St, Cortland, OH 44410
      View Details

    Property Visit Statistics

    • Visits by month
      18.3k
    • Visitors by month
      10.2k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    384 High St
    Cortland, OH 44410-1419
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    384 High St, Cortland, OH, 44410
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!