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    Property profile & analytics

    405 Main St Spencer, OH 44275-9564

    • Retail space
    • 576 SF
    • 2.51 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US66-5330890
    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

    • Spencer Self-Serve Properties, LLC / Storage Facility

    Property Details for 405 Main St

    Year built
    1983
    Lot size
    2.51 lot acres
    Property size
    576 SF
    Property type
    Retail space
    APN
    037-27A-04-057
    APU
    03727A04057

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Medina
    State
    Ohio
    Longitude
    -82.1177
    Latitude
    41.1008
    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
    $6,175
    $26,230
    $84,750
    $110,980
    -
    $74,930
    $242,130
    $317,060

    Comparable in this City

    • Value Estimation by Request
      2,828 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,828 SF
      103 Main St, Spencer, OH 44275
      View Details
    • Value Estimation by Request
      5,964 SF

      6299 Avon Lk Rd, Unit 6307

      RETAIL STORES (PERSONAL SERVICES) • 5,964 SF
      6299 Avon Lk Rd, Spencer, OH 44275-9792
      View Details
    • Value Estimation
      $330,000
      1,052 SF

      5566 Root Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,052 SF
      5566 Root Rd, Spencer, OH 44275-9712
      View Details
    • Value Estimation
      $95,000
      5,840 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,840 SF
      101 Main St, Spencer, OH 44275
      View Details
    • Value Estimation
      $315,000
      2,250 SF

      111 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      111 Main St, Spencer, OH 44275
      View Details
    • Value Estimation by Request
      5.05 Acres

      11458 Chatham Rd

      SERVICE STATION (FULL SERVICE) • 5.05 Acres
      11458 Chatham Rd, Spencer, OH 44275-9531
      View Details

    Similar Nearby for Sale

    • $599,000

      Industrial/Flex Building on 3.43 Acres

      Industrial/flex building on 3.43 acres with expansion potential.
      203 Reed St, Spencer, OH 44275
      View Details
    • $169,900
      5.00 Acres

      Residential Lot in Spencer, OH

      5-acre residential lot for dream home with panoramic views.
      Shaw Rd, Spencer, OH 44275
      View Details
    • $125,000
      Pending

      Serene 5.13-Acre Countryside Lot

      Build your dream home on this tranquil, picturesque 5.13-acre lot.
      11322 Chatham Rd, Spencer, OH 44275
      View Details
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    405 Main St
    Spencer, OH 44275-9564
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    Realmo Value Estimation

    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.

    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.

    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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