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    Property profile & analytics

    85 Executive Pkwy Hudson, OH 44236

    • Office buildings
    • 15,440 SF
    • 9.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2024
    $1,050,000
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2476214
    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

    • Akhia / Public Relations Firm
    • Hudson Executive Mortgage / Mortgage Lender
    • Western & Southern Life / Life Insurance Agency / Insurance Agency
    • Vista Financial Services Group / Financial Planner

    Property Details for 85 Executive Pkwy

    Year built
    1997
    Lot size
    9.00 lot acres
    Property size
    15,440 SF
    Property type
    Office buildings
    APN
    32-03499
    APU
    3203499

    Description

    This exceptional single-tenant property, located at 85 Executive Pkwy in Hudson, Ohio, offers 7,718 square feet of versatile office and retail space. Built in 1997, this Class C building sits on a 9-acre lot and features a single story design. The property is zoned DISTRICT-6 and boasts convenient access to major transportation arteries, including Route 8, the Ohio Turnpike, and I-271, placing it just minutes from downtown Hudson. The building comprises four single-story structures, each with separate entrances and utilities, providing flexibility and privacy. Multiple suite sizes are available, all featuring abundant natural light. Competitive lease rates are currently being offered. The location is highly desirable, with nearby shopping, restaurants, and medical facilities enhancing its appeal. This is a beautiful suburban office setting ideal for businesses seeking a convenient and accessible location. The property's APN is 3203499, and it is situated in Summit County, Ohio, zip code 44236. This presents a unique opportunity for a business seeking a well-located, functional space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,050,000
      ML approach
      $1,050,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,200,000
      Current use
      RESTAURANT
      $1,720,000
      Change: +43% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,535,000
      Change: +28% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,490,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $1,445,000
      Change: +21% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,445,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.4804
    Latitude
    41.2518
    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
    $113,126
    $189,000
    $1,210,400
    $1,399,400
    -
    $540,000
    $3,458,290
    $3,998,290

    Comparable in this City

    • Value Estimation
      $3,120,000
      46,875 SF

      100 Executive Pkwy

      OFFICE BUILDING • 46,875 SF
      100 Executive Pkwy, Hudson, OH 44236-1630
      View Details
    • Value Estimation by Request
      5,250 SF

      122 Main St

      OFFICE BUILDING • 5,250 SF
      122 Main St, Hudson, OH 44236-2827
      View Details
    • Value Estimation
      $1,000,000
      7,000 SF

      70 Streetsboro St

      OFFICE BUILDING • 7,000 SF
      70 Streetsboro St, Hudson, OH 44236-5108
      View Details
    • Value Estimation
      $1,360,000
      12,694 SF

      1295 Corporate Dr

      OFFICE BUILDING • 12,694 SF
      1295 Corporate Dr, Hudson, OH 44236-4431
      View Details
    • Value Estimation
      $2,065,000
      23,280 SF

      5876 Darrow Rd

      OFFICE BUILDING (MULTI-STORY) • 23,280 SF
      5876 Darrow Rd, Hudson, OH 44236-3864
      View Details
    • Value Estimation
      $1,165,000
      26,250 SF

      1595 Georgetown Rd

      OFFICE BUILDING • 26,250 SF
      1595 Georgetown Rd, Hudson, OH 44236-4055
      View Details

    Similar Nearby for Sale

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      Versatile Commercial/Industrial Property on Route 8

      Flexible commercial/industrial space with high visibility on State Route 8.
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      Prime Ohio Commercial Land, Two Parcels Available
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    Similar Nearby for Lease

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      218,671 SF

      Hudson Commercial Building For Lease

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      View Details
    • Contact for pricing
      17,836 SF

      Hudson Office Building For Rent

      Office building with full backup generator and ample parking.
      280 W Executive Pkwy W, Hudson, OH 44236
      View Details
    • $3,100,000
      40,000 SF

      Spacious Office and Warehouse Facility

      40,000 SF building with office and warehouse space for lease.
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      View Details
    • Contact for pricing
      3,855 SF

      Suburban Office Space Available

      Single-story office suites with natural light, convenient location.
      105 Executive Pkwy, Hudson, OH 44236
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    • Contact for pricing
      11,138 SF

      Hudson Industrial Parkway Office Space

      Office space with drive-in access in Hudson, Ohio.
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    • Contact for pricing
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      Suburban Office Space Available

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      85-115 Executive Pkwy, Hudson, OH 44236
      View Details
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    Hudson, OH 44236
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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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