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

    842 Norton Ave Barberton, OH 44203-1715

    • Manufacturing properties
    • 196,198 SF
    • 12.18 lot acres
    OFF-MARKET
    Value Estimations
    $10,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2186622
    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

    • Manufacturing properties

    Property Details for 842 Norton Ave

    Year built
    1986
    Lot size
    12.18 lot acres
    Property size
    196,198 SF
    Property type
    Manufacturing properties
    APN
    01-15371
    APU
    115371

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,960,000
      6.5%
      $11,965,000
      7%
      $11,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,579,000
      Market price range: $2.55M - $8.58M
      AI Estimate
      $10,343,000
      Market price range: $2.80M - $14.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,230,000
      APARTMENT HOUSE (5+ UNITS)
      $12,025,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6196
    Latitude
    41.0235
    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
    $197,418
    $191,840
    $2,852,190
    $3,044,030
    -
    $548,100
    $8,149,110
    $8,697,210

    Comparable in this City

    • Value Estimation
      $3,330,000
      52,514 SF

      180 Van Buren Ave

      MANUFACTURING (LIGHT) • 52,514 SF
      180 Van Buren Ave, Barberton, OH 44203-3543
      View Details
    • Value Estimation
      $655,000
      26,620 SF

      175 2nd NE St

      MANUFACTURING (LIGHT) • 26,620 SF
      175 2nd NE St, Barberton, OH 44203-3056
      View Details
    • Value Estimation
      $1,475,000
      42,909 SF

      1415 Waterloo Rd

      MANUFACTURING (LIGHT) • 42,909 SF
      1415 Waterloo Rd, Barberton, OH 44203
      View Details
    • Value Estimation
      $1,175,000
      20,000 SF

      2964 Eastern Rd, Unit 2998

      MANUFACTURING (LIGHT) • 20,000 SF
      2964 Eastern Rd, Barberton, OH 44203-3902
      View Details
    • Value Estimation
      $1,110,000
      101,032 SF

      3960 Smt Rd

      MANUFACTURING (LIGHT) • 101,032 SF
      3960 Smt Rd, Norton, OH 44203-1052
      View Details
    • Value Estimation by Request
      2.40 Acres

      865 Norton Ave

      MANUFACTURING (LIGHT) • 2.40 Acres
      865 Norton Ave, Barberton, OH 44203-1707
      View Details

    Similar Nearby for Sale

    • $550,000
      20,770 SF

      Industrial Buildings with Highway Access

      Industrial property with three buildings, highway access, and outdoor space.
      425 Fairview Ave, Barberton, OH 44203
      View Details
    • Contact for pricing
      19,008 SF

      Barberton Industrial Facility For Sale

      Versatile industrial facility in Barberton, Ohio, with office and warehouse.
      122 East Tuscarawas Ave, Barberton, OH 44203
      View Details
    • $1,900,000
      87,806 SF

      Barberton Industrial Portfolio: 87K SF

      Multi-tenant industrial complex, excellent investment.
      951 Wooster Rd, Barberton, OH 44203
      View Details
    • $400,000
      17,298 SF

      Barberton Industrial Property with Cranes

      Industrial property featuring cranes and seller financing in Barberton, Ohio.
      1050-1056 Eagon St, Barberton, OH 44203
      View Details
    • $1,500,000
      88,438 SF

      Barberton Industrial Machining Facility

      Net leased industrial investment opportunity in Barberton, Ohio.
      939 Wooster Rd North, Barberton, OH 44203
      View Details
    • $480,000
      17,298 SF

      Prime Cocoa Beach Retail Space

      1820 sq ft, High Traffic Area
      1050-1056 Eagon St, Barberton, OH 44203
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      88,862 SF

      Flex/Warehouse Space Near Highways

      Newer flex/warehouse/storage space near I-77 and I-76.
      2476 Heritage Pkwy, Norton, OH 44203
      View Details
    • $3 SF/Yr
      11,746 SF

      Barberton Industrial Property with Storage

      6.75-acre industrial property with multiple buildings and outdoor storage.
      159 Snyder Ave, Barberton, OH 44203
      View Details
    • Contact for pricing
      78,800 SF

      Barberton Industrial Space Sublease

      Climate-controlled industrial space with office, fully racked, and secured.
      30 Foundation Pl, Barberton, OH 44203
      View Details
    • $3 SF/Yr
      88,482 SF

      Barberton Industrial Property with Outdoor Storage

      6.75 acre lot with six buildings and outdoor storage.
      250 South Van Buren Ave, Barberton, OH 44203
      View Details
    • $2,000 /Mo
      88,862 SF

      Newer Flex/Warehouse/Storage Space

      Flex/warehouse/storage space with private bathroom near I-77 & I-76.
      2476 Heritage Pkwy, Norton, OH 44203
      View Details
    • $4 SF/Yr
      17,298 SF

      Eagon Street Warehouse For Lease

      17,298 SF Warehouse, Excellent Location
      1050 Eagon St, Barberton, OH 44203
      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.
    842 Norton Ave
    Barberton, OH 44203-1715
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.