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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Storefront properties
9840 Ravenna Rd Twinsburg, OH 44087-3066
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1296826
Property summary
AI-generated overview
Located at 9840 Ravenna Road in Twinsburg, Ohio, this versatile building was previously a public library. It is situated in the heart of the town square, across from a park with a Starbucks. The property includes a dance studio that previously generated rental income on a month-to-month lease. There is an additional 1,500 sq. ft. of rent-ready space, suitable for various business uses. The property features a paved parking lot and shared common area restrooms. The lot size is 0.3929 acres. The property is located near major employers such as the Amazon fulfillment center and other popular amenities, with access to major highways in a thriving community.
Property profile
Verified
Property type
Storefront properties
Use group
COMMERCIAL (GENERAL)
Year built
1962
Total area
12,282 SF
Lot
0.39 ac (17,119 SF)
APN
64-00188
UPID
US66-1296826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
On Your Toes Dance Studio Training Center
-
All That Jazz Dance Apparel Dance Store
-
Adrija Bollywood Dance Academy Training Center
-
Strawberry Moon Boutique Home Goods Store Jewelry Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$850k
Owner & transaction history
Joann Bailey · 1 yrs held
Joann Bailey
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+38.3%
Auto repair, garage
$1.2M
+23.5%
Medical building
$1.2M
+16.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Twinsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Twinsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Current use
RESTAURANT
$1,370,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,220,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$1,150,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,315
Tax year 2023
Assessed value
$175,290
Assessed 2023
Previous assessed
$175,290
+0.0% YoY
Effective rate
6.46%
On assessed value
Assessed land
$32,940
Assessed improvement
$142,350
Land market value
$94,120
Improvement market value
$406,720
Total market value
$500,840
Applied tax rate
64.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Storefront properties
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
12,282 SF
Lot
0.39 ac (17,119 SF)
APN
64-00188
UPID
US66-1296826
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$990,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Joann Bailey
Individual
Mailing address
9840 RAVENNA RD, TWINSBURG, OH 44087-3066
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
$399,000
Joann Bailey
Cornell Real Properties LLC
Deed
$361,000 · Cornell Real Properties LLC
Apr 18, 2025
—
Cornell Real Properties LLC
Glenda L Taylor
Quitclaim Deed
related
—
Feb 8, 2013
$465,000
Cornell William E JR Trust
Centre For Performing Arts INC
Grant Deed
—
Oct 9, 1997
—
Performing Arts INC
Voelker,robert P & Sharon B
Quit Claim Deed
related
—
—
—
Centre For Performing Arts INC
—
Deed Of Trust
related
$69,787 · Karen E Lee
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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