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    55 South Main St Munroe Falls, OH 44262
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    Property profile & analytics

    55 South Main St, Munroe Falls, OH 44262

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    • Commercial real estate
    • 35,290 SF
    • 3.01 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Class B Office Space Available For Lease
    $14 SF/Yr
    3,850 SF

    Class B Office Space Available

    Class B office space for rent in Munroe Falls, OH.

    55 South Main Street, Munroe Falls, OH 44262
    View Listing
    Property ID
    US66-2355466
    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
    $1,155,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 55 South Main St

    Year built
    1986
    Lot size
    3.01 lot acres
    Property type
    Commercial real estate
    APN
    58-01518
    APU
    5801518

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 27, 2022 $1,175,000 Harbor Castings INC Crooked River Ralty LLC Warranty Deed $940k · Pnc Bank NA
    Mar 11, 2014 — Crooked River Realty LLC Crooked River Realty LLC Quit Claim Deed · related —
    — — Haag Investments I Ltd — Deed Of Trust · related $469k · John P Haag
    — — Haag Investments I Ltd — Deed Of Trust · related $469k · Edward A Haag

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $1,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,309,000
      Market price range: $1.22M - $4.41M
      AI Estimate
      $1,109,000
      Market price range: $973k - $3.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Munroe Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.441
    Latitude
    41.1375
    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
    $32,583
    $120,700
    $383,850
    $504,550
    -
    $344,860
    $1,096,710
    $1,441,570

    Comparable in this City

    • Value Estimation
      $5,415,000
      44,354 SF

      395 Main St

      COMMERCIAL (GENERAL)
      395 Main St, Munroe Falls, OH 44262-1665
      View Details
    • Value Estimation
      $725,000
      8,104 SF

      301 Main St

      COMMERCIAL (GENERAL)
      301 Main St, Munroe Falls, OH 44262-1608
      View Details
    • Value Estimation by Request
      2,176 SF

      403 Main St

      COMMERCIAL (GENERAL)
      403 Main St, Munroe Falls, OH 44262-1005
      View Details
    • Value Estimation by Request
      3,366 SF

      35 Riv Rd

      COMMERCIAL (GENERAL)
      35 Riv Rd, Munroe Falls, OH 44262-1678
      View Details
    • Value Estimation by Request
      2,397 SF

      355 Main St

      COMMERCIAL (GENERAL)
      355 Main St, Munroe Falls, OH 44262-1037
      View Details
    • Value Estimation by Request
      5,427 SF

      10 Main St

      COMMERCIAL (GENERAL)
      10 Main St, Munroe Falls, OH 44262-1079
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      2,400 SF

      Turnkey Office Building with Walk-Out Lower Level

      Move-in ready office building with a second unfinished lower level offering walk-out access for expansion or flexible use.
      355 N Main St, Munroe Falls, OH 44262
      View Details
    • $89,900
      0.02 Acres

      Move-In Ready Commercial Space

      End-unit commercial space with basement in prime location.
      46 Munroe Falls Ave, Munroe Falls, OH 44262
      View Details
    • New
      $72,000
      0.03 Acres

      Office Condominium with Private Offices

      Well-maintained office condo with three private offices and two restrooms, plus on-site parking and Route 8 access.
      30 Munroe Falls Ave, Munroe Falls, OH 44262
      View Details
    • New
      Contact for pricing
      2,500 SF

      Turnkey Office and Retail Building

      Turnkey 2,500-square-foot building with flexible space and walk-out lower level for expansion or multiple uses.
      355 N Main St, Munroe Falls, OH 44262
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Retail Space in Munroe Falls

      Retail space available in Munroe Falls Center.
      9 S Main St State Rte 91, Munroe Falls, OH 44262
      View Details
    • Contact for pricing

      Retail Storefront in Munroe Falls

      1,200 SF retail space in established shopping center.
      265 N Main St, Munroe Falls, OH 44262
      View Details
    • $14 SF/Yr

      Class B Office Space Available

      Class B office space for rent in Munroe Falls, OH.
      55 South Main St, Munroe Falls, OH 44262
      View Details
    • Contact for pricing
      2,123 SF

      Retail Space in Munroe Falls

      Retail space available in new Munroe Falls Center.
      9 S Main St, Munroe Falls, OH 44262
      View Details
    • Contact for pricing

      Retail Center at SR-91

      Retail center at signalized intersection with easy access to surrounding areas.
      9 S Main St, Munroe Falls, OH 44262
      View Details
    View Listing
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    Munroe Falls, OH 44262
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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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    55 South Main St, Munroe Falls, OH, 44262
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