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    Property profile & analytics

    620 Ww Ave Tallmadge, OH 44278-1717

    • Grocery and convenience stores
    • 14,184 SF
    • 2.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1598754
    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

    • Gordon Food Service Store / Grocery & Convenience Store / Food Market

    Property Details for 620 Ww Ave

    Year built
    2003
    Lot size
    2.19 lot acres
    Property size
    14,184 SF
    Property type
    Grocery and convenience stores
    APN
    60-09230
    APU
    6009230

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,385,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $455k - $1.36M
      AI Estimate
      $811,000
      Market price range: $332k - $847k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $835,000
      Current use
      RESTAURANT
      $1,580,000
      Change: +90% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,410,000
      Change: +69% Conversion: Difficult
      MEDICAL BUILDING
      $1,330,000
      Change: +59% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,325,000
      Change: +59% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,230,000
      Change: +48% Conversion: Easy
      OFFICE BUILDING
      $1,100,000
      Change: +32% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $870,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallmadge
    County
    Summit
    State
    Ohio
    Longitude
    -81.465
    Latitude
    41.1025
    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
    $22,521
    $103,670
    $205,160
    $308,830
    -
    $296,190
    $586,180
    $882,370

    Comparable in this City

    • Value Estimation
      $5,730,000
      72,552 SF

      205 Ww Ave

      GROCERY, SUPERMARKET • 72,552 SF
      205 Ww Ave, Tallmadge, OH 44278-2138
      View Details
    • Value Estimation
      $560,000
      6,000 SF

      412 Commerce St

      SHOW ROOM, WAREHOUSE • 6,000 SF
      412 Commerce St, Tallmadge, OH 44278-2135
      View Details
    • Value Estimation
      $885,000
      9,360 SF

      23 Erie Rd, Unit 35

      RETAIL STORES (PERSONAL SERVICES) • 9,360 SF
      23 Erie Rd, Tallmadge, OH 44278-2326
      View Details
    • Value Estimation by Request
      2,370 SF

      17 Metric Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,370 SF
      17 Metric Dr, Tallmadge, OH 44278-2338
      View Details
    • Value Estimation by Request
      3,120 SF

      376 Ww Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      376 Ww Ave, Tallmadge, OH 44278-2111
      View Details
    • Value Estimation
      $1,310,000
      13,349 SF

      381 Geneva Ave

      SHOW ROOM, WAREHOUSE • 13,349 SF
      381 Geneva Ave, Tallmadge, OH 44278-2732
      View Details

    Similar Nearby for Sale

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      1,068 SF

      Tallmadge Drive-In QSR Opportunity

      Prime Vacant QSR, 1,068 SF, $1.25M
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      Drive-In Restaurant with Ample Parking

      Drive-in restaurant with equipment and parking for sale.
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      Potomac Avenue Commercial Property For Sale

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      Acme Anchored Retail Opportunity

      Retail spaces available in established shopping center anchored by Acme.
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    • $1,295,000
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      Tallmadge Retail/Office Investment

      Prime Tallmadge location, 16,161 SF, $1.295M
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      134,000 SF

      Tallmadge Industrial Warehouse For Sale

      134,000 SF industrial warehouse on 21.459 acres available.
      342 West Ave, Tallmadge, OH 44278
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,406 SF

      Retail Space Near Dunkin Donuts

      2,406 SF retail or office space in dense area.
      196 Tallmadge Cir, Tallmadge, OH 44278
      View Details
    • Contact for pricing

      Tallmadge, OH Build-to-Suit Land

      Prime 0.93-acre commercial lot. Ideal for new construction.
      169 East Ave, Tallmadge, OH 44278
      View Details
    • Contact for pricing
      12,287 SF

      Eastwood Square Retail Spaces

      High-traffic retail spaces available in Tallmadge, OH
      574 South Ave, Tallmadge, OH 44278
      View Details
    • $6 SF/Yr
      4,000 SF

      Tallmadge Industrial Flex Unit

      4,000 SF industrial flex unit in Tallmadge, Ohio.
      391 Geneva Ave, Tallmadge, OH 44278
      View Details
    • $6 SF/Yr
      4,000 SF

      Tallmadge Industrial Flex Unit

      4,000 SF flex unit with warehouse and office space.
      391 Geneva Ave, Tallmadge, OH 44278
      View Details
    • $8 SF/Yr
      6,048 SF

      Tallmadge Office Space Available

      Office space for lease in a quiet Tallmadge office park.
      143 Northwest Ave, Tallmadge, OH 44278
      View Details
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    Tallmadge, OH 44278-1717
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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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