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    498 Howe Ave Cuyahoga Falls, OH 44221

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    498 Howe Ave Cuyahoga Falls, OH 44221

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    • Retail space
    • 50,440 SF
    For Lease
    $4,515,000
    View Listing →
    Akron's Plaza at Chapel Hill For Lease
    $4,515,000
    50,000 SF

    Akron's Plaza at Chapel Hill

    Large retail space in densely populated suburban trade area.

    498 Howe Ave, Cuyahoga Falls, OH
    View Listing
    Property ID
    US66-4547197
    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

    • DICK'S Sporting Goods / Golf Course / (Bike/Boat/Book/etc) Store

    Property Details for 498 Howe Ave

    Year built
    2013
    Property size
    50,440 SF
    Property type
    Retail space
    APN
    67-63651
    APU
    6763651

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,325,000
      6.5%
      $4,915,000
      7%
      $4,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,512,000
      Market price range: $1.89M - $4.51M
      AI Estimate
      $4,108,000
      Market price range: $1.29M - $4.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,095,000
      Current use
      RESTAURANT
      $5,620,000
      Change: +82% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,015,000
      Change: +62% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,715,000
      Change: +52% Conversion: Moderate
      OFFICE BUILDING
      $4,105,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $4,090,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,405,000
      Change: +10% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,205,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cuyahoga Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.4769
    Latitude
    41.1162
    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
    $181,529
    $0.00
    $2,188,150
    $2,188,150
    -
    $0.00
    $6,251,860
    $6,251,860

    Comparable in this City

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      2020 Front St

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    • Value Estimation by Request
      1,660 SF

      510 Howe Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,660 SF
      510 Howe Ave, Cuyahoga Falls, OH 44221-4906
      View Details
    • Value Estimation
      $4,870,000
      9,840 SF

      1245 Munroe Fls Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,840 SF
      1245 Munroe Fls Ave, Cuyahoga Falls, OH 44221-3533
      View Details
    • Value Estimation by Request
      2,266 SF

      739 Portage Trl

      RETAIL STORES (PERSONAL SERVICES) • 2,266 SF
      739 Portage Trl, Cuyahoga Falls, OH 44221-3003
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    • Value Estimation by Request
      15,984 SF

      2218-2220 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 15,984 SF
      2218-2220 Frnt St, Cuyahoga Falls, OH 44221
      View Details
    • Value Estimation by Request
      6,500 SF

      2619-2621 Bailey Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      2619-2621 Bailey Rd, Cuyahoga Falls, OH 44221
      View Details

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      Dental/Retail/Flex Space Building

      High visibility building suitable for dental, retail, or flex space.
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      Cuyahoga Falls Apartment Building

      Apartment building for sale in Cuyahoga Falls, Ohio.
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      Cuyahoga Falls Warehouse For Sale

      10,000 SF warehouse with office space available for sale.
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      14,322 SF

      Cuyahoga Falls Office Space Available

      Affordable office space near Downtown Cuyahoga Falls and Route 8.
      1871 Bailey Rd, Cuyahoga Falls, OH 44221
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      Industrial Land with Interstate Access

      Industrial land for sale with excellent interstate access.
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    Similar Nearby for Lease

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      3,108 SF

      Retail Space in Cuyahoga Falls

      Retail space available for lease in Cuyahoga Falls, OH.
      1190 Main St, Cuyahoga Falls, OH 44221
      View Details
    • Contact for pricing
      50,000 SF

      Akron's Plaza at Chapel Hill

      Large retail space in densely populated suburban trade area.
      498 Howe Ave, Cuyahoga Falls, OH 44221
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Cuyahoga Falls

      2,000 SF retail space on Bailey Road available for rent.
      2034 Bailey Rd, Cuyahoga Falls, OH 44221
      View Details
    • Contact for pricing

      Equipped Barber Shop in Plaza

      Ready-to-operate barber shop in high-traffic Cuyahoga Falls plaza.
      2675 Oakwood Dr, Cuyahoga Falls, OH 44221
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      1,444 SF

      Retail Space in Cuyahoga Falls

      Retail space available in a densely populated area of Ohio.
      1210-1232 Buchholzer Blvd, Cuyahoga Falls, OH 44221
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space in Stow

      Retail space available in Stow, Ohio.
      891 Graham Rd, Stow, OH 44221
      View Details

    Property Visit Statistics

    • Visits by month
      49.0k
    • Visitors by month
      37.9k
    • Avg Time on site
      22 min
    View Listing
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    498 Howe Ave
    Cuyahoga Falls, OH 44221
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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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    498 Howe Ave, Cuyahoga Falls, OH, 44221

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