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Property profile & analytics
OFF-MARKET Estimated value $1,385,000
Strip malls

4494 State Rte 43 Kent, OH 44240-8206

16,000 SF 3.66 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-5356775
Property summary
AI-generated overview

This exceptional 8,000-square-foot flex space in Kent, Ohio, presents a compelling opportunity for businesses seeking a prime location. Situated on 3.641 acres at 4494 State Route 43, this single-story, 2006-built Class B building offers a versatile layout ideal for a variety of uses. The property features approximately 4,700 square feet of warehouse space with a bay door, complemented by 3,300 square feet of office space. The attractive masonry and stucco exterior, accented by storefront windows and formal gables, provides excellent curb appeal. Benefitting from 250 feet of frontage on State Route 43, the property enjoys high visibility to the 25,000 vehicles passing daily. Its strategic location near Interstate 76 ensures easy accessibility, while its proximity to a Cleveland Clinic Express Care Clinic, Kent State University (with 27,000 students), and numerous amenities including gas stations, hotels, restaurants, and residential developments, provides a strong customer base and convenient access for employees. The property is available for lease at $14.00 per square foot, commencing November 1, 2023. The Portage County location, within the rapidly growing Brimfield area, makes this an ideal space for both national chains and local businesses. The property's parcel number is 04-023-00-00-049-000.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 16,000 SF
Lot 3.66 ac (159,604 SF)
APN 04-023-00-00-049
UPID US66-5356775
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.39M
Owner & transaction history
Celebration Church · 1 yrs held
Celebration Church
since 2025
Last sale
$1.5M
6 recorded transactions
2025
$1.5M
2014
$400,000
2006
$350,000
2004
Price N/A
2001
$125,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $2.0M +206.6%
Office building $2.0M +204.1%
Commercial (general) $1.5M +132.9%
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