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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    451 Park Ave Barberton, OH 44203-2611

    • Sports & entertainment properties
    • 6,351 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1843901
    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

    • Sports & entertainment properties

    Property Details for 451 Park Ave

    Year built
    1930
    Lot size
    0.22 lot acres
    Property size
    6,351 SF
    Property type
    Sports & entertainment properties
    APN
    01-03511
    APU
    103511

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $154,000
      Market price range: $155k - $598k

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $325,000
      Current use
      RETAIL STORES
      $335,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6062
    Latitude
    41.0141
    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
    $2,593
    $8,400
    $21,010
    $29,410
    -
    $24,000
    $60,040
    $84,040

    Comparable in this City

    • Value Estimation
      $480,000
      10,093 SF

      5240 Wooster W Rd

      RECREATIONAL, ENTERTAINMENT • 10,093 SF
      5240 Wooster W Rd, Norton, OH 44203-6267
      View Details
    • Value Estimation
      $375,000
      25,648 SF

      107 5th SE St

      RECREATIONAL, ENTERTAINMENT • 25,648 SF
      107 5th SE St, Barberton, OH 44203-4269
      View Details
    • Value Estimation
      $405,000
      10,952 SF

      542 Park Ave

      RECREATIONAL, ENTERTAINMENT • 10,952 SF
      542 Park Ave, Barberton, OH 44203-2516
      View Details
    • Value Estimation
      $70,000
      2,100 SF

      407 3rd NW St

      RECREATIONAL, ENTERTAINMENT • 2,100 SF
      407 3rd NW St, Barberton, OH 44203
      View Details
    • Value Estimation
      $105,000
      4,680 SF

      70 Van Buren Ave

      RECREATIONAL, ENTERTAINMENT • 4,680 SF
      70 Van Buren Ave, Barberton, OH 44203-3249
      View Details
    • Value Estimation
      $240,000
      6,512 SF

      3069 Houston Rd

      RECREATIONAL, ENTERTAINMENT • 6,512 SF
      3069 Houston Rd, Norton, OH 44203-6310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      Barberton Commercial Land - High Traffic

      Prime 0.5-acre commercial lot, high visibility.
      278 Wooster Rd, Barberton, OH 44203
      View Details
    • $460,000
      0.90 Acres

      High-Visibility Commercial Land in Barberton

      Prime 0.9-acre lot, C-3 zoning.
      105 State St, Barberton, OH 44203
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    • $309,000
      6,617 SF

      Barberton Retail/Warehouse Space For Sale

      6,617 SF retail/warehouse space with drive-in doors in Barberton, OH.
      1395 Gardner Blvd, Barberton, OH 44203
      View Details
    • $229,000
      5,800 SF

      Mixed-Use Building with Income Potential

      Income-producing mixed-use building with restaurant/bar and apartments.
      861 Wooster Rd W, Barberton, OH 44203
      View Details
    • New
      Contact for pricing
      Pending

      Mixed-Use Property in Barberton's Historic District

      Versatile property in Barberton's historic district, ideal for business and residential.
      128 2Nd St NW, Barberton, OH 44203
      View Details
    • $59,900
      1,500 SF

      Barberton Office Space - $59,900

      Prime Barberton location, 1500 sq ft office.
      103 5Th Street Ln, Barberton, OH 44203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      168,859 SF

      Norton Plaza Retail Center

      Prime Norton, OH Shopping Center Space Available
      3200 Greenwich Rd, Norton, OH 44203
      View Details
    • Contact for pricing
      25,000 SF

      Columbia Woods Medical Office Space

      Prime Norton, OH medical office space available.
      3300 Greenwich Rd, Norton, OH 44203
      View Details
    • $12 SF/Yr
      3,000 SF

      Barberton Retail Space For Lease

      Retail spaces available in busy Barberton plaza.
      240 5Th St SE, Barberton, OH 44203
      View Details
    • $12 SF/Yr
      6,009 SF

      Barberton Medical Office Space

      Modern Office, 2883 SF Available
      169 5Th St, Barberton, OH 44203
      View Details
    • $1.00 SF/Yr
      3 SF

      Industrial Land For Lease

      Approximately 3 acres of industrial land available for lease.
      20 S Van Buren Ave, Barberton, OH 44203
      View Details
    • $1,100 /Mo
      88,862 SF

      Flex/Warehouse Space Near Highways

      Newer flex/warehouse/storage space near I-77 and I-76.
      2476 Heritage Pkwy, Norton, OH 44203
      View Details
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    451 Park Ave
    Barberton, OH 44203-2611
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    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
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