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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5929 Darrow Rd Hudson, OH 44236-3871

    • Retail space
    • 11,892 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2023
    $950,000
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    8.5%
    Retail space
    Location Intelligence
    Property ID
    US66-0828491
    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

    • Dogs With Style Inc. / Pet Groomer
    • Nosh Creative Catering / Caterer
    • Lucertola's Salon of Hudson / Hair Salon / Beauty Salon
    • Goosehead Insurance - Timothy Monroe / Insurance Agency
    • Hudson Village Insurance / Insurance Agency

    Property Details for 5929 Darrow Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    1.59 lot acres
    Property size
    11,892 SF
    Property type
    Retail space
    APN
    30-03101
    APU
    3003101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000
      ML approach
      $855,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,255,000
      6.5%
      $1,160,000
      7%
      $1,075,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $700,000
      Current use
      RESTAURANT
      $1,325,000
      Change: +90% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +69% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,150,000
      Change: +65% Conversion: Easy
      MEDICAL BUILDING
      $1,115,000
      Change: +59% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Change: +59% Conversion: Moderate
      OFFICE BUILDING
      $925,000
      Change: +32% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $730,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4395
    Latitude
    41.2266
    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
    $18,804
    $45,330
    $143,700
    $189,030
    -
    $129,500
    $410,570
    $540,070

    Comparable in this City

    • Value Estimation by Request

      218 Main St

      Individual retail properties
      218 Main St, Hudson, OH 44236
      View Details
    • Value Estimation
      $3,305,000
      151,684 SF

      6720 Bass Pro Dr

      RETAIL STORES (PERSONAL SERVICES) • 151,684 SF
      6720 Bass Pro Dr, Hudson, OH 44236-1198
      View Details
    • Value Estimation by Request
      1,584 SF

      5701 Darrow Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,584 SF
      5701 Darrow Rd, Hudson, OH 44236-4015
      View Details
    • Value Estimation by Request
      3,408 SF

      204 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,408 SF
      204 Main St, Hudson, OH 44236-2826
      View Details
    • Value Estimation by Request
      5,416 SF

      34 Ravenna St

      RETAIL STORES (PERSONAL SERVICES) • 5,416 SF
      34 Ravenna St, Hudson, OH 44236-3032
      View Details
    • Value Estimation by Request
      3,700 SF

      50 Streetsboro St

      RETAIL STORES (PERSONAL SERVICES) • 3,700 SF
      50 Streetsboro St, Hudson, OH 44236-2869
      View Details

    Similar Nearby for Sale

    • $995,000
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      218 - 220 N Main Street

      Individual retail properties • 4,360 SF
      218 Main St, Hudson, OH 44236
      View Details
    • $599,900
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      Updated Commercial Space in Hudson

      Updated commercial space in Hudson, near downtown and Ohio Turnpike.
      126 W Streetsboro St, Hudson, OH 44236
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      Retail Property for Sale

      Retail property available for purchase in Hudson, Ohio.
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    • $1,000,000
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      Prime Hudson Restaurant Space

      Turnkey Restaurant, 4,704 SF
      200 Main St, Hudson, OH 44236
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    • Contact for pricing
      8.70 Acres

      Hudson Crossing Business Park Land

      Prime Ohio Commercial Land, Two Parcels Available
      0 Streetboro Rd, Hudson, OH 44236
      View Details
    • $490,000
      2.69 Acres

      Hudson, OH Land - Prime Location

      2.69 Acres, Zoned District-6
      812 Streetsboro St, Hudson, OH 44236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,210 SF

      Hudson Acme Plaza Retail Space

      Prime Retail Space, 11,210 SF Available
      116 Streetsboro St, Hudson, OH 44236
      View Details
    • $15 SF/Yr
      3,160 SF

      Hudson Main Street Retail Spaces

      Prime Downtown Hudson Retail, Two Spaces Available
      218 Main St, Hudson, OH 44236
      View Details
    • Contact for pricing
      2,277 SF

      Retail Space in Hudson, OH

      2,277 SF retail space in Hudson, OH for lease.
      5 Atterbury Blvd, Hudson, OH 44236
      View Details
    • Contact for pricing
      11,210 SF

      Hudson Retail Space For Lease

      Retail space in Hudson Acme Plaza anchored by Acme Fresh Market.
      118 W Streetsboro St, Hudson, OH 44236
      View Details
    • 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
      3,073 SF

      Retail Space in Hudson Plaza

      Retail space available in Hudson Acme Plaza.
      118-178 W Streetsboro St, Hudson, OH 44236
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      4.7k
    • Avg Time on site
      4 min
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    Hudson, OH 44236-3871
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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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