Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5430 S Hangar Ln, OH

    • Commercial real estate
    • 33,131 SF
    OFF-MARKET
    Value Estimations
    $2,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2240052
    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

    • Commercial real estate

    Property Details for 5430 S

    Year built
    1972
    Property size
    33,131 SF
    Property type
    Commercial real estate
    APN
    28-02533
    APU
    2802533

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,990,000
      Current use
      RESTAURANT
      $3,760,000
      Change: +89% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,515,000
      Change: +77% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,095,000
      Change: +56% Conversion: Difficult
      RETAIL STORES
      $2,860,000
      Change: +44% Conversion: Easy
      OFFICE BUILDING
      $2,690,000
      Change: +35% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,895,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hangar Ln
    County
    Summit
    State
    Ohio
    Longitude
    -81.4347
    Latitude
    40.9124
    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
    $25,505
    $0.00
    $456,350
    $456,350
    -
    $0.00
    $1,303,860
    $1,303,860

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      W

      COMMERCIAL (GENERAL) • 1.37 Acres
      W, Tr 108, OH
      View Details
    • Value Estimation by Request
      0.13 Acres

      Central Ave, OH

      COMMERCIAL (GENERAL) • 0.13 Acres
      Central Ave, OH
      View Details
    • Value Estimation by Request
      2.30 Acres

      Johnsons Ridge

      COMMERCIAL (GENERAL) • 2.30 Acres
      Johnsons Ridge, Rd, OH
      View Details
    • Value Estimation by Request

      Sr, OH

      COMMERCIAL (GENERAL)
      267, Sr, OH
      View Details
    • Value Estimation by Request
      0.10 Acres

      S

      COMMERCIAL (GENERAL) • 0.10 Acres
      S, Meridian Rd, OH
      View Details
    • Value Estimation by Request
      1.00 Acre

      Smith Rd, OH

      COMMERCIAL (GENERAL) • 1.00 Acre
      Smith Rd, OH
      View Details

    Similar Nearby for Sale

    • $399,000
      17,833 SF

      Wilberforce Redevelopment Opportunity Near CSU

      2.80 acre site with three buildings near CSU University.
      1250-1260 Shorter Ave, Wilberforce, OH
      View Details
    • Contact for pricing
      11,280 SF

      Retail Building Near Amazon Center

      Free-standing retail building near Amazon Distribution Center.
      4633 Northfield Rd, North Randall, OH
      View Details
    • Contact for pricing

      Prime Land Near I-71

      4.2-acre commercial land with high visibility near I-71.
      1900 Ikea Way, Columbus, OH
      View Details
    • Contact for pricing
      5,800 SF

      Unique Industrial Property with History

      Unique commercial/industrial building with historical significance on 5.5 acres.
      790 Enterprise Ct, Miamisburg, OH
      View Details
    • $3,995,000

      Land with Road Frontage

      12.84 acres with road frontage in Opportunity Zone.
      6515 S High St, Lockbourne, OH
      View Details
    • $2,600,000
      52,158 SF

      Updated Office Building with Outlot

      Fully leased office building with development potential in Whitehall, Ohio.
      4300 E Broad St, Whitehall, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Anchored by Whole Foods

      Retail space for lease in mixed-use development, opening Fall 2025.
      7200 Heritagespring Dr, Liberty Township, OH
      View Details
    • Contact for pricing
      1,200 SF

      High-Traffic Office Space Available

      Office space in high-traffic location suitable for various businesses.
      1233 Ohio 60, Zanesville, OH
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Mentor Avenue

      Retail space available at a lit intersection.
      7411-7413 Mentor Ave, Mentor, OH
      View Details
    • Contact for pricing

      Shovel-Ready Land Parcel For Rent

      3.68-acre land parcel with highway visibility and access.
      110 Interchange Corporate Ctr Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      4,106 SF

      Sharonville Office Space For Rent

      Office space featuring tenant lounge, fitness, and conference centers.
      400 E Business Way, Sharonville, OH
      View Details
    • Contact for pricing
      14,531 SF

      Retail Space Available For Lease

      Retail property available for lease, offering 14,531 square feet.
      101-191 E Freedom Way, Cincinnati, OH
      View Details
    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.
    5430 S
    Hangar Ln, OH
    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

    Google sign-in failed. Please try again or use another login method.