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

    8471 Harley Dr Burbank, OH 44214

    • Drive through restaurants
    • 2,485 SF
    • 1.27 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0589166
    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

    • Taco Bell / Restaurant

    Property Details for 8471 Harley Dr

    Year built
    2010
    Lot size
    1.27 lot acres
    Property size
    2,485 SF
    Property type
    Drive through restaurants
    APN
    014-14D-24-025
    APU
    01414D24025

    Description

    Commerce Park 71 in Burbank, Ohio, offers exceptional industrial warehouse space. This prime location boasts flexible space options ranging from 50,000 to 400,000 square feet, perfect for businesses of all sizes. The property features a substantial 36-foot ceiling height, providing ample vertical storage capacity. With 230 parking spaces available, employee and visitor parking is readily accommodated. The site is strategically located in Medina County, offering immediate access to Interstate 71, placing both Cleveland and Columbus within an 80-mile radius. This "shovel-ready" site is fully equipped with all necessary utilities, and benefits from an existing tax abatement, making it an attractive investment opportunity. The property is zoned for industrial use, ensuring seamless operations. This is an exceptional opportunity to establish or expand your business in a highly accessible and advantageous location. Contact us today to learn more about the available space and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Medina
    State
    Ohio
    Longitude
    -81.9956
    Latitude
    41.0009
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, 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
    $36,256
    $301,830
    $478,970
    $780,800
    -
    $862,380
    $1,368,490
    $2,230,870

    Comparable in this City

    • Value Estimation by Request
      3,688 SF

      10020 Avon Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,688 SF
      10020 Avon Lk Rd, Burbank, OH 44214-9608
      View Details
    • Value Estimation by Request
      2,547 SF

      8535 Willow Rd

      RESTAURANT • 2,547 SF
      8535 Willow Rd, Burbank, OH 44214-9694
      View Details
    • Value Estimation
      $2,085,000
      5,321 SF

      10054 Stelzer Dr

      RESTAURANT • 5,321 SF
      10054 Stelzer Dr, Burbank, OH 44214-9655
      View Details
    • Value Estimation by Request
      3,120 SF

      31 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      31 Frnt St, Burbank, OH 44214-9690
      View Details
    • Value Estimation by Request
      5,136 SF

      45 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 5,136 SF
      45 Frnt St, Burbank, OH 44214-9612
      View Details
    • Value Estimation
      $2,465,000
      28,481 SF

      8401 Orrin Dr

      VEHICLE SALES, RENTALS • 28,481 SF
      8401 Orrin Dr, Burbank, OH 44214-9659
      View Details

    Similar Nearby for Sale

    • $370,520

      6.33 Acres Vacant Land Burbank

      6.33 acres of vacant land zoned Multi-Use.
      9911 Avon Lake Rd, Burbank, OH 44214
      View Details
    • Contact for pricing
      4.00 Acres

      Prime Burbank Commercial Land

      Four acres, I-71 access, commercial zoning.
      71 Oh-83, Burbank, OH 44214
      View Details
    • $370,520
      6.33 Acres

      Willow Road Farm: Prime Ohio Land

      6.33 Acres, Multi-Use Zoning, High Traffic
      0 Willow Rd, Lodi, OH 44214
      View Details
    • Contact for pricing
      4.11 Acres

      Burbank, OH Commercial Land Opportunity

      4.1 Acres, High Visibility, Shovel-Ready
      10024 Stelzer Dr, Burbank, OH 44214
      View Details
    • Contact for pricing

      Four-Acre Corner Lot Available

      Shovel-ready commercial land with freeway visibility and utilities access.
      10024 Stelzer Dr, Burbank, OH 44214
      View Details
    • Contact for pricing
      400,000 SF

      Industrial Land with Tax Abatement

      Shovel-ready industrial land with utilities and tax abatement.
      8769 Willow Rd, Burbank, OH 44214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,000 SF

      Burbank Industrial Units for Lease

      Industrial units available for lease with highway access.
      9915 Avon Lake Rd, Burbank, OH 44214
      View Details
    • $6 SF/Yr
      515,000 SF

      Commerce Park 71: Industrial Space

      Brand new, Class A industrial space for lease or sale.
      0 Harley Dr, Burbank, OH 44214
      View Details
    • Contact for pricing
      50,000 SF

      Planned Industrial Development Near I-71

      Class A industrial development with flexible space options and easy access.
      Harley Dr, Burbank, OH 44214
      View Details
    • Contact for pricing
      200,000 SF

      Industrial Land with Tax Abatement

      Shovel-ready industrial land with utilities and tax abatement for lease.
      9923 Avon Lake Rd, Burbank, OH 44214
      View Details
    • Contact for pricing
      12,000 SF

      Burbank Warehouse Space Available

      Climate-controlled units with highway access, ranging from 1,000-50,000 SF.
      9909 Avon Lake Rd, Burbank, OH 44214
      View Details
    • Contact for pricing
      14,000 SF

      Burbank Climate Controlled Warehouse Space

      Warehouse space with climate control, highway access, and signage.
      9913 Avon Lake Rd, Burbank, OH 44214
      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.
    8471 Harley Dr
    Burbank, OH 44214
    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.