Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4261 State Rte 43 Kent, OH 44240-6974

    • Grocery and convenience stores
    • 4,188 SF
    • 3.52 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3660828
    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

    • Grocery and convenience stores

    Property Details for 4261 State Rte 43

    Lot size
    3.52 lot acres
    Property size
    4,188 SF
    Property type
    Grocery and convenience stores
    APN
    04-032-10-00-001-008
    APU
    40321000001008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $910,000
      6.5%
      $840,000
      7%
      $780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $750,000
      Market price range: $352k - $750k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3484
    Latitude
    41.106
    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
    $30,349
    $309,860
    $113,020
    $422,880
    -
    $885,300
    $322,900
    $1,208,200

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      1836 State Rte 59

      CONVENIENCE STORE • 1,980 SF
      1836 State Rte 59, Kent, OH 44240-4174
      View Details
    • Value Estimation
      $540,000
      3,072 SF

      1343 Tallmadge Rd

      CONVENIENCE STORE • 3,072 SF
      1343 Tallmadge Rd, Kent, OH 44240-6662
      View Details
    • Value Estimation
      $725,000
      1.56 Acres

      Kent, OH 44240

      GROCERY, SUPERMARKET • 1.56 Acres
      Kent, OH 44240
      View Details
    • Value Estimation by Request
      3,600 SF

      1295 Main St

      CONVENIENCE STORE • 3,600 SF
      1295 Main St, Kent, OH 44240-1956
      View Details
    • Value Estimation by Request
      1,215 SF

      262 Tallmadge Rd

      CONVENIENCE STORE • 1,215 SF
      262 Tallmadge Rd, Kent, OH 44240-7204
      View Details
    • Value Estimation by Request
      2,092 SF

      1337 Water St

      CONVENIENCE STORE • 2,092 SF
      1337 Water St, Kent, OH 44240-3845
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,708 SF

      Highway Commercial Property For Sale

      1,708 SF building on 0.92 acres in high-traffic area.
      4260 State Route 43, Kent, OH 44240
      View Details
    • $1,150,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      High-traffic corner, 6 units, redevelopment potential
      103 Lake St, Kent, OH 44240
      View Details
    • $3,400,000
      15,120 SF

      Walgreens Pharmacy Investment

      High-yield, long-term Walgreens lease.
      320 Water St, Kent, OH 44240
      View Details
    • Contact for pricing
      45.46 Acres

      Brimfield Crossings Restaurant Opportunity

      Prime Kent, OH Restaurant Land - 45 Acres
      4217 State Route 43, Kent, OH 44240
      View Details
    • Contact for pricing
      3.47 Acres

      Auburn Retail Center Opportunity

      High-visibility retail spaces available
      4050 Cascades Blvd, Kent, OH 44240
      View Details
    • $979,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      Landmark Kent property with redevelopment potential near downtown and KSU.
      103 Lake St, Kent, OH 44240
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      129,714 SF

      University Plaza: Retail & Office Space

      High-traffic Kent, OH retail/office center
      1410 Water St, Kent, OH 44240
      View Details
    • Contact for pricing
      15,135 SF

      Kent Acme Plaza Retail Pad

      High-visibility retail pad, prime location.
      1709 State Route 59, Kent, OH 44240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Kent State

      Retail space with high visibility and ample parking available for lease.
      1709 E Main St, Kent, OH 44240
      View Details
    • Contact for pricing
      7,895 SF

      Retail/Office Space Near Kent State

      Retail or office space near Kent State University.
      1830 E Main St, Kent, OH 44240
      View Details
    • Contact for pricing
      2,330 SF

      Retail Spaces in Kent, Ohio

      Multiple retail spaces available in Kent, Ohio shopping center.
      3975 Cascades Blvd, Kent, OH 44240
      View Details
    • Contact for pricing
      8,670 SF

      Downtown Kent Retail Opportunity

      Retail space in the heart of Downtown Kent.
      101 East Main St, Kent, OH 44240
      View Details

    Property Visit Statistics

    • Visits by month
      56.7k
    • Visitors by month
      36.3k
    • Avg Time on site
      7 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.
    4261 State Rte 43
    Kent, OH 44240-6974
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!