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    585 Highland E Rd Macedonia, OH 44056-2107

    • Manufacturing properties
    • 17,500 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Jan 25, 2023
    $300,000
    Location Intelligence
    Property ID
    US66-1677415
    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

    • Innovative Industries LLC / Industrial Equipment Supplier / Electrical Supply Store
    • Teslamend / Auto Body Shop

    Property Details for 585 Highland E Rd

    Year built
    1970
    Lot size
    1.92 lot acres
    Property size
    17,500 SF
    Property type
    Manufacturing properties
    APN
    33-00696
    APU
    3300696

    Description

    This exceptional industrial property, located at 585 E Highland Rd in Macedonia, Ohio, offers 7,500 square feet of newly renovated warehouse space for lease. Situated on a 1.956-acre lot, this Class B property boasts two single-story buildings with a convenient 17-foot ceiling height. The property features a clear-span design, ideal for a variety of uses including contracting, landscaping, dry storage, distribution, or light assembly. Its zoning is designated L-I, reflecting its suitability for light industrial operations. Built in 1970, the property benefits from recent renovations, ensuring modern functionality. The location provides excellent access to major transportation arteries, including I-271 and State Route 8, offering seamless connectivity throughout the region. Macedonia's business-friendly environment and central location between Cleveland and Akron further enhance the property's appeal. The property's APN is 3300696, and it is located in Summit County. Currently, one unit is available for lease. This is a multi-tenant property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $260,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $280,000
      Mixed-Use
      $215,000
      Hospitality
      $250,000
      Educational
      $240,000
      Residential Income
      $235,000
      Energy
      $240,000
      Income-Based Land
      $285,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Macedonia
    County
    Summit
    State
    Ohio
    Longitude
    -81.5046
    Latitude
    41.3001
    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
    $14,116
    $53,760
    $174,210
    $227,970
    -
    $153,600
    $497,740
    $651,340

    Comparable in this City

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      MANUFACTURING (LIGHT) • 61,970 SF
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      View Details
    • Value Estimation
      $865,000
      62,263 SF

      8220 Bavaria E Dr

      MANUFACTURING (LIGHT) • 62,263 SF
      8220 Bavaria E Dr, Macedonia, OH 44056-2248
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    • Value Estimation by Request
      73,800 SF

      9150 Vly Vw Rd

      MANUFACTURING (LIGHT) • 73,800 SF
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    • Value Estimation
      $2,950,000
      66,100 SF

      8406 Bavaria E Dr

      MANUFACTURING (LIGHT) • 66,100 SF
      8406 Bavaria E Dr, Macedonia, OH 44056-2275
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    • Value Estimation
      $1,510,000
      60,360 SF

      7925 Empire Pkwy

      HEAVY MANUFACTURING • 60,360 SF
      7925 Empire Pkwy, Macedonia, OH 44056-2144
      View Details
    • Value Estimation
      $605,000
      54,912 SF

      3 Fwy Dr

      HEAVY MANUFACTURING • 54,912 SF
      3 Fwy Dr, Macedonia, OH 44056
      View Details

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    Similar Nearby for Lease

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    • $6 SF/Yr
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      8210 Macedonia Commons Blvd

      Land • 4,930 SF
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      View Details
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    Macedonia, OH 44056-2107
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    Realmo Value Estimation

    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.

    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.

    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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