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Property profile & analytics
FOR LEASE
Community centers
55 Barrington Town Square Dr Aurora, OH 44202
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1524721
For Lease
1 / 2
$740,000
55 Barrington Town Square Dr, Aurora, OH 44202
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Property summary
AI-generated overview
This exceptional 2,492 sq. ft. retail space is situated within the vibrant Barrington Town Square in Aurora, Ohio, a thriving southeastern Cleveland suburb. The property, built in 1996, is a single-story, Class B building on an expansive 11.855-acre lot (APN: 03-017-00-00-049-003, Portage County). Currently, one suite is available for lease within this multi-tenant retail center. The location benefits from a strong shadow anchor, Heinen's, and enjoys proximity to a diverse mix of national and local retailers, including Cinemark, Dollar Tree, and Pizza Hut. The area boasts a high concentration of major retailers such as Walmart, Target, Home Depot, Aldi, Kohl's, Marc's, Dick's, Marshalls, Big Lots, PetSmart, and Starbucks, ensuring high visibility and foot traffic. Aurora's affluent community and the high ranking of Aurora High School (Top 30 in the state) contribute to a desirable and stable market. This property presents a compelling opportunity for businesses seeking a prime retail location in a prosperous and well-established area. The property consists of one building with multiple suites, and the total number of suites is not specified.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Total area
20,832 SF
Lot
2.04 ac (88,950 SF)
APN
03-017-00-00-051
UPID
US66-1524721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ace Hardware of Aurora Building Supply Hardware & Home Improvement
-
Resharp Sharpening Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$913k
Blend (final)
Blend
$740k
Owner & transaction history
Barrington Meadows LLC · 9 yrs held
Barrington Meadows LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+37.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$36 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,832
Tax year 2023
Assessed value
$675,540
Assessed 2023
Previous assessed
$567,140
+19.1% YoY
Effective rate
6.19%
On assessed value
Assessed land
$155,680
Assessed improvement
$519,860
Land market value
$444,800
Improvement market value
$1,485,300
Total market value
$1,930,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1998
Heating
NONE
Cooling
YES
Stories
1
Total area
20,832 SF
Lot
2.04 ac (88,950 SF)
APN
03-017-00-00-051
UPID
US66-1524721
Jurisdiction
PORTAGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$845,000
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Barrington Meadows LLC
Entity
Mailing address
PO BOX 4139, KETCHUM, ID 83340-4101
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2017
$13,100,000
Barrington Meadows LLC
Ddr Ohio Opportunity II LLC
Trustees Deed
$9,170,000 · Starwood Mtg Cap
Jun 2, 2000
—
Ddr Ohio Opportunity II LLC
Diversified Realty Corp
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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