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    Property profile & analytics

    8929 State Route 14 Streetsboro, OH 44241

    • Strip malls
    • 9,600 SF
    • 2.34 lot acres
    For Sale
    View listing
    $995,000
    Last Sale
    Mar 02, 2020
    $550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5943204
    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

    • Strip malls

    Property Details for 8929 State Route 14

    Year built
    1989
    Lot size
    2.34 lot acres
    Property size
    9,600 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    35-057-00-00-047-012
    APU
    350570000047012

    Description

    This Streetsboro, Ohio property, located at 8929 State Route 14, offers a compelling investment opportunity. The single-tenant building, constructed in 1989, boasts 1,536 square feet of versatile space situated on a 2.52-acre lot. Currently occupied by a reputable national tenant, Airgas, this property provides immediate rental income. The building features a 576 sq ft front office area and a 960 sq ft warehouse with a 12x14 drive-in door. The property's high-traffic location on State Route 14 in Portage County ensures excellent visibility and accessibility. The property's zoning allows for flexibility in use, making it suitable for a variety of businesses. The ample lot size presents potential for future expansion. The property's Class B designation reflects its solid construction and functionality. With its strong tenant and prime location, this property is an attractive option for investors seeking a stable return and owner-users looking for a high-visibility location. The property's address is 8929 State Route 14, Streetsboro, OH 44241. The APN is 35-057-00-00-047-012. The building is a single-story structure. While the listing mentions parking, the exact number of spaces is not specified. The property is classified as both retail and office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $570,000
      ML approach
      $520,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $390,000
      Current use
      RESTAURANT
      $870,000
      Change: +123% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: +111% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $695,000
      Change: +79% Conversion: Easy
      AUTO REPAIR, GARAGE
      $605,000
      Change: +55% Conversion: Difficult
      MEDICAL BUILDING
      $535,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.3312
    Latitude
    41.2334
    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
    $12,693
    $55,200
    $136,220
    $191,420
    -
    $157,700
    $389,200
    $546,900

    Comparable in this City

    • Value Estimation by Request
      4,103 SF

      9750 State Rte 14

      SHOPPING CENTER, STRIP CENTER • 4,103 SF
      9750 State Rte 14, Streetsboro, OH 44241-5232
      View Details
    • Value Estimation
      $540,000
      10,100 SF

      9438 State Rte 14

      SHOPPING CENTER, STRIP CENTER • 10,100 SF
      9438 State Rte 14, Streetsboro, OH 44241-5379
      View Details
    • Value Estimation by Request
      7,500 SF

      9757 State Rte 14

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      9757 State Rte 14, Streetsboro, OH 44241-5210
      View Details
    • Value Estimation by Request
      1,176 SF

      9349 State Rte 43

      SHOPPING CENTER, STRIP CENTER • 1,176 SF
      9349 State Rte 43, Streetsboro, OH 44241-5325
      View Details
    • Value Estimation
      $1,845,000
      127,472 SF

      9244 Market Sq Dr, Unit 9300

      SHOPPING CENTER, STRIP CENTER • 127,472 SF
      9244 Market Sq Dr, Streetsboro, OH 44241-5203
      View Details
    • Value Estimation by Request
      19,800 SF

      9800 State Rte 14

      SHOPPING CENTER, STRIP CENTER • 19,800 SF
      9800 State Rte 14, Streetsboro, OH 44241-3995
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.44 Acres

      Streetsboro Industrial Property For Sale

      27,000 SF Retail/Industrial, 3.44 Acres
      0 Philipp Pkwy & Frost Rd, Streetsboro, OH 44241
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    • Contact for pricing
      90,900 SF

      Streetsboro Retail Center - 7.1 Acres

      High-visibility retail space, I-80 access.
      Streetsboro Liverpool Rd & Mondial Pkwy, Streetsboro, OH 44241
      View Details
    • $995,000
      9,600 SF

      Prime Streetsboro Retail/Office Space

      High-visibility, income-producing property.
      8929 State Route 14, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      2.10 Acres

      Streetsboro Commons Outparcel

      2.1-Acre Commercial Land, Ohio
      9800 Oh-14, Streetsboro, OH 44241
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      Liberty Corners Office Building

      Prime Streetsboro Office Space - 9,823 SF
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      128,000 SF

      Interstate Commerce Center Site B

      High-Visibility Retail Site in Streetsboro, OH
      0 Liverpool Rd & Mondial Pkwy, Streetsboro, OH 44241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      89,436 SF

      Streetsboro Crossing Retail Space For Lease

      High-traffic shopping center; spaces available.
      1280 Oh-303, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      1,870 SF

      Retail Space with Anchor Tenants

      Retail space with established anchor tenants in Streetsboro, OH.
      9507 State Route 14, Streetsboro, OH 44241
      View Details
    • $25 SF/Yr
      2,336 SF

      Streetsboro Office Space for Lease

      Newly renovated offices, prime location
      9244 Oh-43, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      1,800 SF

      Streetsboro Retail Space Available

      1,800 SF former gas station and convenient store for sublease.
      9202 State Route 14, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      5,230 SF

      Streetsboro Retail and Office Space

      Retail and office spaces available in Streetsboro, Ohio.
      9330 Market Square Dr, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      12,700 SF

      Retail Space Available For Lease

      Retail space for lease with ground lease options available.
      9800 State Route 14, Streetsboro, OH 44241
      View Details
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    Streetsboro, OH 44241
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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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