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    9706 State Rte 14 Streetsboro, OH 44241-5232

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    9706 State Rte 14 Streetsboro, OH 44241-5232

    View on Map
    • Community centers
    • 6,256 SF
    • 1.54 lot acres
    Off-Market
    Last Sale Nov 8, 2024
    $2,325,000
    Property ID
    US66-5184574
    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.
    Value Estimations
    $2,325,000
    Show details
    Cap Rate Potential
    3.5%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 9706 State Rte 14

    Year built
    2014
    Lot size
    1.54 lot acres
    Property size
    6,256 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    35-033-00-00-007-015
    APU
    350330000007015

    Description

    Streetsboro Commons offers a unique opportunity for businesses seeking retail space in a high-traffic location. This property, situated at 9706 - 9800 State Route 14 in Streetsboro, Ohio, 44241, encompasses a total of 38,410 square feet of retail space on a 1.48-acre lot. Currently, the entire 38,410 square feet is vacant and available for lease. The property is categorized as both retail and land, offering flexibility for various business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 1,710 square feet to a maximum contiguous space of 20,000 square feet. This allows for businesses of various sizes to find a suitable fit. The property's location in Portage County, Ohio, provides excellent visibility and accessibility for customers. The address is easily accessible from State Route 14, ensuring high traffic volume and exposure for tenants. This is an exceptional opportunity to establish or expand a retail presence in a thriving community. The property's size and flexibility make it ideal for a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,325,000
      ML approach
      $2,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.3628
    Latitude
    41.2503
    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
    $24,112
    $143,360
    $194,530
    $337,890
    -
    $409,600
    $555,800
    $965,400

    Comparable in this City

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      11,214 SF

      9460 State Rte 14

      MINI-MALL • 11,214 SF
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      89,436 SF

      1280 Oh-303

      Lifestyle centers • 89,436 SF
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      2,562 SF

      9380 State Rte 43

      MINI-MALL • 2,562 SF
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      7,020 SF

      9315 State Rte 14

      MINI-MALL • 7,020 SF
      9315 State Rte 14, Streetsboro, OH 44241-3800
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    • Value Estimation by Request
      3,480 SF

      9332 State Rte 43

      MINI-MALL • 3,480 SF
      9332 State Rte 43, Streetsboro, OH 44241-5326
      View Details

    Similar Nearby for Sale

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      Streetsboro Commercial Property For Sale

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      Streetsboro Commercial Property For Sale

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      90,900 SF

      7.1 Acre Commercial Land Parcel

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      27,000 SF

      Streetsboro Industrial Land For Sale

      3.44 acres of industrial land in Streetsboro, Ohio.
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      78 Acres in Growing Corridor

      78 acres available near I-80/I-480 interchange in Streetsboro, Ohio.
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      78 Acres Development Land Available

      78 acres of land with development potential in Streetsboro, Ohio.
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    Similar Nearby for Lease

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      Streetsboro Crossing Retail Space For Lease

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      1,870 SF

      Retail Space with Anchor Tenants

      Retail space with established anchor tenants in Streetsboro, OH.
      9507 State Route 14, Streetsboro, OH 44241
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      5,000 SF

      Streetsboro Retail Space Available

      Retail space available for lease in Streetsboro, Ohio.
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      Retail Space in Streetsboro, OH

      Retail spaces available for lease in Streetsboro, Ohio.
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      Professional Offices on State Route

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      3,146 SF

      Retail Space in Streetsboro, Ohio

      Retail space available for lease in Streetsboro, Ohio.
      1190 Ohio 303, Streetsboro, OH 44241
      View Details
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    Streetsboro, OH 44241-5232
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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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