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

    540 Prospect Ave Hartville, OH 44632-9403

    • Parking lots & garages
    • 2.48 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4139635
    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

    • Hartville RV Center / Rv Dealer / Rv Repair Shop

    Property Details for 540 Prospect Ave

    Lot size
    2.48 lot acres
    Property type
    Parking lots & garages
    APN
    23-00954
    APU
    2300954

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartville
    County
    Stark
    State
    Ohio
    Longitude
    -81.3344
    Latitude
    40.9583
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, 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
    $2,077
    $32,240
    $2,000
    $34,240
    -
    $92,100
    $5,700
    $97,800

    Comparable in this City

    • Value Estimation
      $245,000
      0.10 Acres

      Cree SW Cir

      PARKING GARAGE, PARKING STRUCTURE • 0.10 Acres
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    • Value Estimation
      $185,000
      2,520 SF

      14768 Ravenna NE Ave

      PARKING GARAGE, PARKING STRUCTURE • 2,520 SF
      14768 Ravenna NE Ave, Hartville, OH 44632-9340
      View Details
    • Value Estimation
      $245,000
      6,499 SF

      440 Maple St

      PARKING GARAGE, PARKING STRUCTURE • 6,499 SF
      440 Maple St, Hartville, OH 44632-8873
      View Details
    • Value Estimation
      $250,000
      0.45 Acres

      Lincoln SE St

      PARKING GARAGE, PARKING STRUCTURE • 0.45 Acres
      Lincoln SE St, Hartville, OH 44632
      View Details
    • Value Estimation
      $240,000
      0.12 Acres

      Maple W St

      PARKING GARAGE, PARKING STRUCTURE • 0.12 Acres
      Maple W St, Hartville, OH 44632
      View Details
    • Value Estimation
      $250,000
      1,040 SF

      12360 Market N Ave

      PARKING GARAGE, PARKING STRUCTURE • 1,040 SF
      12360 Market N Ave, Hartville, OH 44632-9049
      View Details

    Similar Nearby for Sale

    • $279,000
      0.78 Acres

      Hartville Commercial Land - $279K

      Prime .78-acre lot, high traffic area.
      1173 Maple St, Hartville, OH 44632
      View Details
    • $300,000

      Retail/Office Land in Hartville

      0.78 acre retail/office land in a high-traffic area.
      1173 W Maple St, Hartville, OH 44632
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    • $249,000

      Hartville Development Ground For Sale

      Development ground for sale in Hartville, Ohio.
      650 S Prospect Ave, Hartville, OH 44632
      View Details
    • $1,050,000
      2.97 Acres

      Hartville Commercial Land - $1.05M

      Prime 2.97-acre commercial lot near Hartville Marketplace.
      811 Edison St, Hartville, OH 44632
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    • $550,000

      Hartville Commercial Land For Sale

      1.18 acre commercial land on busy Maple St corridor.
      805 W Maple St, Hartville, OH 44632
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    • $95,000
      0.38 Acres

      Land in Congress Lake Club

      Residential land for condo development with club amenities.
      138 Relentless Way, Hartville, OH 44632
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    Similar Nearby for Lease

    • Contact for pricing
      106,051 SF

      Hartville Retail Center - Prime Space

      Three suites available, 1,100 sq ft minimum. High-traffic location.
      855-907 Maple St, Hartville, OH 44632
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    • Contact for pricing
      137,168 SF

      Edison Park Shopping Center Land

      Hartville, OH retail land opportunity
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    • Contact for pricing
      1,100 SF

      Retail Space in Hartville Center

      Retail space available in Hartville's primary retail corridor.
      839-847 W Maple St, Hartville, OH 44632
      View Details
    • Contact for pricing
      130,680 SF

      Edison Park Shopping Center: Retail Space

      High-traffic retail center; multiple spaces available.
      808 Maple St, Hartville, OH 44632
      View Details
    • $2,400 /Mo
      103,645 SF

      Hartville Marketplace Retail Suites Available

      Retail suites available in high-traffic Hartville Marketplace & Flea Market.
      1289 Edison St NW, Hartville, OH 44632
      View Details
    • $8 SF/Yr
      9,260 SF

      Industrial Warehouses on Ravenna Avenue

      Multiple warehouse and office spaces available for lease.
      12495 Ravenna Ave NE, Hartville, OH 44632
      View Details
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    540 Prospect Ave
    Hartville, OH 44632-9403
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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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