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    Property profile & analytics

    9575 State Route 44 Mantua, OH 44255

    • Retail space
    • 6,000 SF
    • 1.73 lot acres
    For Sale
    View listing
    Last Sale
    Apr 05, 2022
    Value Estimations
    Cap Rate Potential
    8.8%
    Retail space
    Location Intelligence
    Property ID
    US66-1158110
    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

    • Retail space

    Property Details for 9575 State Route 44

    Year built
    1953
    Construction
    FRAME
    Lot size
    1.73 lot acres
    Property size
    6,000 SF
    Property type
    Retail space
    APN
    33-048-00-00-005
    APU
    330480000005

    Description

    This state-of-the-art, 1,021,980-square-foot warehouse, built in 2023, offers immediate access to the Ohio Turnpike (Interstate 80). Situated on a 364.59-acre lot within a larger master-planned industrial park in Portage County, this single-story building features a 40-foot minimum ceiling clear height, 892 total parking spaces, and 179 dock positions. The facility boasts 4 drive-in doors (at grade), 8-inch reinforced concrete floors, and tilt-wall construction. Currently equipped with 3,000 AMP service (upgrade to 4,000 AMP in progress), the space is divisible to approximately 500,000 square feet and includes approximately 3,000 square feet of finished office space with carpet and shelving. Energy-efficient lighting and light industrial zoning complete this exceptional offering. The property is part of the Shalersville-Streetsboro Joint Economic Development District (JEDD) and has APN numbers 33-048-00-00-008-000|1, 33-048-00-00-008-000|2, and 33-048-00-00-005-000|2.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $395,000
      6.5%
      $365,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $184,000
      Market price range: $185k - $652k
      AI Estimate
      $216,000
      Market price range: $217k - $593k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $425,000
      Current use
      COMMERCIAL (GENERAL)
      $425,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $380,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mantua
    County
    Portage
    State
    Ohio
    Longitude
    -81.2337
    Latitude
    41.2541
    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
    $32,773
    $13,830
    $21,770
    $35,600
    -
    $39,500
    $62,200
    $101,700

    Comparable in this City

    • Value Estimation
      $600,000
      55,716 SF

      4754 High St

      RETAIL STORES (PERSONAL SERVICES) • 55,716 SF
      4754 High St, Mantua, OH 44255-9201
      View Details
    • Value Estimation
      $220,000
      2,193 SF

      10511 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,193 SF
      10511 Main St, Mantua, OH 44255-9808
      View Details
    • Value Estimation
      $120,000
      5,424 SF

      10580 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,424 SF
      10580 Main St, Mantua, OH 44255-9600
      View Details
    • Value Estimation
      $205,000
      2,800 SF

      10682 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      10682 Main St, Mantua, OH 44255
      View Details
    • Value Estimation
      $205,000
      1,726 SF

      4637 Prospect St

      RETAIL STORES (PERSONAL SERVICES) • 1,726 SF
      4637 Prospect St, Mantua, OH 44255-9104
      View Details
    • Value Estimation
      $340,000
      6,048 SF

      11622 State Rte 44

      RETAIL STORES (PERSONAL SERVICES) • 6,048 SF
      11622 State Rte 44, Mantua, OH 44255-9645
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Historic Mixed-Use Commercial Property

      Income-generating investment property with restaurant, apartments, and garages.
      10714 Main St, Mantua, OH 44255
      View Details
    • Contact for pricing
      26,000 SF

      Frost Road Retail Center - Ohio

      26,000 SF Retail Space, 3.5 Acres
      0 Philipp Pkwy & Frost Rd, Mantua, OH 44255
      View Details
    • Contact for pricing
      1,021,980 SF

      Mantua Warehouse Distribution Facility

      State-of-the-art warehouse divisible to ±250,000 SF available for sale.
      9575 State Route 44, Mantua, OH 44255
      View Details
    • $600,000

      Prime Corner Commercial Land Available

      Prime corner lot south of Ohio Turnpike Commerce Center.
      9091 State Route 44, Mantua, OH 44255
      View Details
    • $40,000
      Pending

      Wooded Lot in Mantua, OH

      3.76-acre wooded lot offering privacy and abundant wildlife.
      Infirmary Rd, Mantua, OH 44255
      View Details
    • $400,000
      Pending

      Income-Producing Duplex on 2 Acres

      Duplex with strong rental history on a private, secluded lot.
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      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      16,100 SF

      Mantua Retail Center - 5 Suites

      Prime Retail Space, 5 Suites Available
      11651 Oh-44, Mantua, OH 44255
      View Details
    • Contact for pricing
      38,190 SF

      Mantua Township Light Manufacturing/Warehouse Space

      38,190 sq ft light manufacturing/warehouse with office space.
      11783 Timber Point Trl, Mantua, OH 44255
      View Details
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    Mantua, OH 44255
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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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