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

    503 Park Ave Barberton, OH 44203-2551

    • Office buildings
    • 1,144 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    6%
    Office buildings
    Location Intelligence
    Property ID
    US66-0493905
    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

    • Office buildings

    Property Details for 503 Park Ave

    Year built
    1910
    Lot size
    0.03 lot acres
    Property size
    1,144 SF
    Property type
    Office buildings
    APN
    01-03514
    APU
    103514

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $220,000
      7%
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6081
    Latitude
    41.0139
    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
    $1,450
    $1,960
    $20,400
    $22,360
    -
    $5,600
    $58,290
    $63,890

    Comparable in this City

    • Value Estimation
      $265,000
      1,584 SF

      103 2nd NW St

      OFFICE BUILDING • 1,584 SF
      103 2nd NW St, Barberton, OH 44203-2527
      View Details
    • Value Estimation
      $250,000
      1,306 SF

      29 31st NW St

      OFFICE BUILDING • 1,306 SF
      29 31st NW St, Barberton, OH 44203-7219
      View Details
    • Value Estimation
      $265,000
      5,390 SF

      971 Wooster W Rd

      OFFICE BUILDING • 5,390 SF
      971 Wooster W Rd, Barberton, OH 44203-7111
      View Details
    • Value Estimation
      $80,000
      1,295 SF

      35 31st SW St

      OFFICE BUILDING • 1,295 SF
      35 31st SW St, Barberton, OH 44203-7308
      View Details
    • Value Estimation
      $260,000
      4,368 SF

      4109 Cleveland Massillon Rd

      OFFICE BUILDING • 4,368 SF
      4109 Cleveland Massillon Rd, Barberton, OH 44203-5644
      View Details
    • Value Estimation
      $85,000
      2,572 SF

      555 Lk Ave

      OFFICE BUILDING • 2,572 SF
      555 Lk Ave, Barberton, OH 44203-2240
      View Details

    Similar Nearby for Sale

    • $415,000
      0.86 Acres

      Barberton Office/Medical Building For Sale

      Move-in ready office/medical building in Barberton, Ohio.
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      View Details
    • $69,900
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      Barberton Office Space - Move-In Ready

      Prime Office Space, 1200 sq ft, Great Location
      105 5Th St, Barberton, OH 44203
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    • $875,000
      5,488 SF

      Barberton Medical Office Investment Opportunity

      Fully leased medical office building with long-term tenant.
      87 Conservatory Dr, Barberton, OH 44203
      View Details
    • $59,900
      0.03 Acres

      Professional Office Space For Sale

      Well-maintained office space with ample parking in convenient location.
      105 5Th St SE, Barberton, OH 44203
      View Details
    • Contact for pricing
      19,008 SF

      Barberton Industrial Facility For Sale

      Versatile industrial facility in Barberton, Ohio, with office and warehouse.
      122 East Tuscarawas Ave, Barberton, OH 44203
      View Details
    • $59,000
      0.04 Acres

      Barberton Commercial Space Near Hospital

      Professional medical, office, or retail space near hospital and businesses.
      103 5Th St SE, Barberton, OH 44203
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      2,695 SF

      Greenridge Plaza Office Suites

      Norton Office Space: Retail & Office
      3725 Cleveland Massillon 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
      6,009 SF

      Barberton Medical Office Space

      Modern Office, 2883 SF Available
      169 5Th St, Barberton, OH 44203
      View Details
    • $2,125 /Mo
      815,008 SF

      Norton, OH Office/Retail Space

      1,700 SF office/retail space in raw condition with build-out potential.
      4332 S Cleveland - Massillon Rd, Norton, 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
    • $3 SF/Yr
      11,746 SF

      Barberton Industrial Property with Storage

      6.75-acre industrial property with multiple buildings and outdoor storage.
      159 Snyder Ave, Barberton, OH 44203
      View Details
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    503 Park Ave
    Barberton, OH 44203-2551
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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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