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    5991 County Rd 77 Millersburg, OH 44654-9258
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    Property profile & analytics

    5991 County Rd 77, Millersburg, OH 44654-9258

    View on Map
    • Office buildings
    • 4,828 SF
    • 1.44 lot acres
    Off-Market
    Last Sale Jul 17, 2020
    $185,000
    Property ID
    US66-5201891
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5991 County Rd 77

    Lot size
    1.44 lot acres
    Property type
    Office buildings
    APN
    01-00264-002
    APU
    100264002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2026 — Print Group Holdings LLC — Deed · related $600k · First Federal Community Bank
    Jul 16, 2021 — Print Grop Holdings LLC — Deed · related $200k · First Federal Community Bank NA
    Aug 20, 2020 — Print Group Holdings LLC — Deed · related $782k · First Federal Community Bank NA
    Jul 17, 2020 $185,000 Print Group Holdings LLC Mook Fabrics LLC Warranty Deed $148k · First Federal Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Millersburg
    County
    Holmes
    State
    Ohio
    Longitude
    -81.782
    Latitude
    40.5734

    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
    $9,219
    $26,110
    $212,170
    $238,280
    -
    $74,590
    $606,200
    $680,790

    Comparable in this City

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      468 SF

      Main St

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      1,296 SF

      5387 County Rd 349

      OFFICE BUILDING
      5387 County Rd 349, Millersburg, OH 44654-9761
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      1,152 SF

      5890 County Rd 207

      OFFICE BUILDING
      5890 County Rd 207, Millersburg, OH 44654-9022
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      952 SF

      4054 State Rte 39

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    Similar Nearby for Sale

    • Contact for pricing
      17,833 SF

      Retail/Office/Warehouse Building For Sale

      One-story building near Walmart, anchored by DaVita and Dollar Tree.
      1639 S Washington St, Millersburg, OH 44654
      View Details
    • $1,200,000
      1.31 Acres

      Two-Story Medical and Fitness Building

      Two-level building with separate entrances and parking supporting medical offices on top and gym use below.
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    • $99,500
      1.41 Acres

      Large Building Site Near Recreation

      1.41 acre building site near Recreational Area #8.
      1524-1527 E Buckhorn Dr, Millersburg, OH 44654
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    • Contact for pricing
      Pending

      Land For Sale Millersburg, OH

      2.722 acre building site between Berlin and Mt. Hope.
      4876 Township Road 628, Millersburg, OH 44654
      View Details
    • $49,500
      0.61 Acres

      Residential Land in Millersburg, OH

      Large, relatively flat lot near Lake Buckhorn's north gate.
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    • Contact for pricing
      1,300 SF

      Retail/Office/Warehouse Space For Rent

      One-story building with suite available, anchored by credit tenants.
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      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      49,266 SF

      Visible Office Space for Lease

      Office space with high visibility and flexible layout options.
      7400 State Route 515, Millersburg, OH 44654
      View Details
    • $3,900 /Mo

      Commercial Property on State Route

      Commercial property for rent located on State Route 515.
      7400 State Route 515, Millersburg, OH 44654
      View Details
    • $4,500 /Mo
      136,691 SF

      Versatile Commercial Space in Millersburg

      3.138-acre property with over 12,000 sqft of versatile space.
      6470 Township Road 310, Millersburg, OH 44654
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    Millersburg, OH 44654-9258
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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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