Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45 Milford Dr Hudson, OH 44236-2750
    Back to Search
    Property profile & analytics

    45 Milford Dr Hudson, OH 44236-2750

    View on Map
    • Medical Office Space
    • 10,752 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US66-2016096
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Mark J. Kolosionek, DDS / Dental Office
    • Dr. Cara L. Fawcett, DDS / Dental Office
    • Management Recruiters-Hudson / Employment Agency
    • Butler Manufacturing / Industrial Manufacturer / Production Facility
    • NCS / Corporate Office

    Property Details for 45 Milford Dr

    Year built
    1978
    Lot size
    0.55 lot acres
    Property size
    10,752 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    32-02077
    APU
    3202077

    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
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4459
    Latitude
    41.238
    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
    $21,632
    $68,460
    $199,420
    $267,880
    -
    $195,610
    $569,780
    $765,390

    Comparable in this City

    • Value Estimation
      $5,290,000
      76,152 SF

      5655 Hudson Dr

      MEDICAL BUILDING • 76,152 SF
      5655 Hudson Dr, Hudson, OH 44236-4451
      View Details
    • Value Estimation by Request
      2,506 SF

      201 Main St

      MEDICAL BUILDING • 2,506 SF
      201 Main St, Hudson, OH 44236-2807
      View Details
    • Value Estimation by Request
      5,196 SF

      7040 Walters Rd

      MEDICAL BUILDING • 5,196 SF
      7040 Walters Rd, Hudson, OH 44236-1139
      View Details
    • Value Estimation by Request
      4,550 SF

      5939 Darrow Rd

      MEDICAL BUILDING • 4,550 SF
      5939 Darrow Rd, Hudson, OH 44236-3803
      View Details
    • Value Estimation by Request
      2,304 SF

      41 Main St

      MEDICAL BUILDING • 2,304 SF
      41 Main St, Hudson, OH 44236-3004
      View Details
    • Value Estimation by Request
      4,320 SF

      46 Streetsboro St

      MEDICAL BUILDING • 4,320 SF
      46 Streetsboro St, Hudson, OH 44236-3048
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,304 SF

      Updated Commercial Space in Hudson

      Updated commercial space in Hudson, near downtown and Ohio Turnpike.
      126 W Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing

      Versatile Commercial/Industrial Property on Route 8

      Flexible commercial/industrial space with high visibility on State Route 8.
      6337 Chittenden Rd, Hudson, OH 44236
      View Details
    • $3,295,000

      Renovated Office Building with Storage

      21,682 SF office building in Boston Heights, Ohio.
      6555 Dean Memorial Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing
      40,000 SF

      Spacious Office and Warehouse Facility

      40,000 SF building with office and warehouse space for lease.
      1100 Terex Rd, Hudson, OH 44236
      View Details
    • $950,000
      5.02 Acres

      Hudson Office Building on 5 Acres

      10,000 sq ft commercial building in Hudson's South Park.
      1920 Georgetown Rd, Hudson, OH 44236
      View Details
    • Contact for pricing

      7.3 Acres Development Opportunity

      7.3 acres of land in Hudson/Boston Heights, Ohio.
      6245 Chittenden Rd, Hudson, OH 44236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,138 SF

      Hudson Industrial Parkway Office Space

      Office space with drive-in access in Hudson, Ohio.
      5675 Hudson Industrial Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing
      4,949 SF

      Suburban Office Space Available

      Single-story office suites with natural light and convenient location.
      85-115 Executive Pkwy, Hudson, OH 44236
      View Details
    • $9,167 /Mo
      218,671 SF

      Hudson Office Building For Lease

      2,500-10,000 SF office space in Hudson's South Park.
      1920 Georgetown Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      17,836 SF

      Hudson Office Building For Rent

      Office building with full backup generator and ample parking.
      280 W Executive Pkwy W, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,740 SF

      Furnished Office Space Available

      Furnished office space with private entrance and multiple amenities.
      561 Boston Mills Rd, Hudson, OH 44236
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease with ample parking.
      130 W Streetsboro St, Hudson, OH 44236
      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      2.8k
    • Avg Time on site
      28 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.
    45 Milford Dr
    Hudson, OH 44236-2750
    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
    45 Milford Dr, Hudson, OH, 44236
    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!