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

    56 Library St, Unit 5-D Hudson, OH 44236-5124

    • Office Properties & Spaces
    • 4,024 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2376862
    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

    • Lulu's Yogurt With A Twist! / Frozen Yogurt Shop / Dessert Shop
    • The j. Cornell Clinic for Skin & Hair / Skin Care Clinic
    • MadTea Nutrition / Cafe
    • Salon Hudson Suites / Hair Salon / Beauty Salon

    Property Details for 56 Library St

    Year built
    1984
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    4,024 SF
    Property type
    Office Properties & Spaces
    APN
    32-03263
    APU
    3203263

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4433
    Latitude
    41.2406
    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
    $8,302
    $13,750
    $89,350
    $103,100
    -
    $39,280
    $255,280
    $294,560

    Comparable in this City

    • Value Estimation
      $700,000
      3,751 SF

      1355 Corporate Dr, Unit B1

      CONDOMINIUM OFFICES • 3,751 SF
      1355 Corporate Dr, Hudson, OH 44236-4432
      View Details
    • Value Estimation by Request
      2,304 SF

      126 Streetsboro St Ste, Unit 5

      CONDOMINIUM OFFICES • 2,304 SF
      126 Streetsboro St Ste, Hudson, OH 44236-2720
      View Details
    • Value Estimation by Request
      2,112 SF

      126 Streetsboro St Ste, Unit 6

      CONDOMINIUM OFFICES • 2,112 SF
      126 Streetsboro St Ste, Hudson, OH 44236-2720
      View Details
    • Value Estimation by Request
      1,014 SF

      180 Streetsboro St Ste 1a

      CONDOMINIUM OFFICES • 1,014 SF
      180 Streetsboro St Ste 1a, Hudson, OH 44236-2755
      View Details
    • Value Estimation by Request
      972 SF

      126 Streetsboro St

      CONDOMINIUM OFFICES • 972 SF
      126 Streetsboro St, Hudson, OH 44236-2720
      View Details
    • Value Estimation by Request
      1,052 SF

      84 Vlg Waya-1-a

      CONDOMINIUM OFFICES • 1,052 SF
      84 Vlg Waya-1-a, Hudson, OH 44236-5128
      View Details

    Similar Nearby for Sale

    • $3,295,000
      21,682 SF

      Renovated Office Building with Storage

      21,682 SF office building in Boston Heights, Ohio.
      6555 Dean Memorial Pkwy, Hudson, OH 44236
      View Details
    • $1,900,000

      Versatile Commercial/Industrial Property on Route 8

      Flexible commercial/industrial space with high visibility on State Route 8.
      6337 Chittenden Rd, Hudson, OH 44236
      View Details
    • $599,900
      2,304 SF

      Updated Commercial Space in Hudson

      Updated commercial space in Hudson, near downtown and Ohio Turnpike.
      126 W Streetsboro St, Hudson, OH 44236
      View Details
    • $950,000
      5.02 Acres

      Hudson Office Building on 5 Acres

      10,000 sq ft commercial building in Hudson's South Park.
      1920 Georgetown Rd, Hudson, OH 44236
      View Details
    • $3,000,000

      Prime Commercial Land for Development

      73 acres between Akron & Cleveland, ideal for business growth.
      1 Patriot Pkwy, Hudson, OH 44236
      View Details
    • $700,000
      2.89 Acres

      Hudson, OH Commercial Land Opportunity

      Prime 2.89-acre site, ideal for mixed-use development.
      0 Dean Memorial Pkwy, Hudson, OH 44236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Hudson Plaza Retail Spaces

      Prime Hudson, OH Retail Opportunity
      130 Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing
      11,138 SF

      Hudson Industrial Parkway Office Space

      Office space with drive-in access in Hudson, Ohio.
      5675 Hudson Industrial Pkwy, Hudson, OH 44236
      View Details
    • Contact for pricing
      4,949 SF

      Suburban Office Space Available

      Single-story office suites with natural light and convenient location.
      85-115 Executive Pkwy, Hudson, OH 44236
      View Details
    • $9,167 /Mo
      218,671 SF

      Hudson Commercial Building For Lease

      2,500-10,000 SqFt commercial building in Hudson's South Park.
      1920 Georgetown Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      4,300 SF

      Suburban Office Space Available

      Single-story office suites with natural light, convenient location.
      95 Executive Pkwy, Hudson, OH 44236
      View Details
    • $180 SF/Yr
      127,065 SF

      Hudson Office Space For Rent

      Versatile office spaces in Hudson with flexible lease terms.
      75-77 Milford Dr, Hudson, OH 44236
      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.
    56 Library St, Unit 5-D
    Hudson, OH 44236-5124
    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.