Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Commerce Dr, OH

    • Warehouses
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1804196
    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

    • Warehouses

    Property Details for 104

    Lot size
    2.50 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    39-001-0300.001
    APU
    390010300001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Dr
    County
    Lawrence
    State
    Ohio
    Longitude
    -82.5928
    Latitude
    38.4352
    CBSA code
    26580
    CBSA name
    HUNTINGTON-ASHLAND, WV-KY-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
    $10,997
    $87,710
    $220,590
    $308,300
    -
    $250,600
    $630,260
    $880,860

    Comparable in this City

    • Value Estimation by Request
      1.65 Acres

      R

      MINI-WAREHOUSE, STORAGE • 1.65 Acres
      R, 368, OH
      View Details
    • Value Estimation by Request
      0.01 Acres

      Oriole, OH

      MINI-WAREHOUSE, STORAGE • 0.01 Acres
      Oriole, OH
      View Details
    • Value Estimation by Request
      0.11 Acres

      E

      MINI-WAREHOUSE, STORAGE • 0.11 Acres
      E, Rayen Ave, OH
      View Details
    • Value Estimation by Request

      Morgan, OH

      MINI-WAREHOUSE, STORAGE
      Morgan, OH
      View Details
    • Value Estimation by Request
      1.56 Acres

      W

      MINI-WAREHOUSE, STORAGE • 1.56 Acres
      W, Akron Canfield Rd, OH
      View Details
    • Value Estimation by Request
      0.19 Acres

      E

      MINI-WAREHOUSE, STORAGE • 0.19 Acres
      E, Rayen Ave, OH
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      152,790 SF

      152,790 SF Industrial Complex

      100% leased industrial complex with 17 cranes and heavy power.
      1250 E 222 St, Euclid, OH
      View Details
    • Contact for pricing
      122,850 SF

      Marysville Warehouse and Industrial Property

      122,850 SF warehouse/industrial property in Marysville, OH.
      1001 Innovation Way, Marysville, OH
      View Details
    • Contact for pricing
      100,000 SF

      Bowling Green Industrial Property

      100,000 SF industrial property with excellent regional access.
      134 Woodgate Dr, Bowling Green, OH
      View Details
    • $650,000
      9,786 SF

      Middleburg Heights Industrial Property For Sale

      Industrial property with expansion potential, convenient highway access.
      17801 Sheldon Rd, Middleburg Heights, OH
      View Details
    • Contact for pricing
      14,700 SF

      Hilliard Warehouse Space Available

      14,700 SF warehouse space in Hilliard, Ohio for sale.
      3979-3981 Pkwy Ave, Hilliard, OH
      View Details
    • $950,000
      12,520 SF

      Renovated Aurora Warehouses with Expansion Potential

      Recently renovated warehouses on 3.01 acres with expansion potential.
      11415 Chamberlain Rd, Kent, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,460 SF

      Industrial Complex with Outdoor Storage

      130,000 SF industrial complex with additional parking.
      24300 Solon Rd, Bedford Heights, OH
      View Details
    • Contact for pricing
      60,000 SF

      Warehouse / Flex Space Available

      Warehouse and flex space in The City of Green, OH.
      1480 Corporate Wood Pkwy, Green, OH
      View Details
    • $12 SF/Yr
      8,000 SF

      I-270 Frontage Warehouse Space

      8,000 SF warehouse with prominent I-270 frontage and signage.
      3700 Pkwy Ln, Columbus, OH
      View Details
    • Contact for pricing
      9,915 SF

      Warehouse Space Near Amazon Center

      Warehouse/storage space available near Amazon Fulfillment Center.
      4601 Northfield Rd, North Randall, OH
      View Details
    • Contact for pricing
      69,336 SF

      West Chester Warehouse Space Available

      69,336 SF warehouse space for lease in West Chester.
      4782 Muhlhauser Rd, West Chester, OH
      View Details
    • Contact for pricing
      135,000 SF

      New Class A Warehouse Space

      New speculative Class A warehouse in Grove City, Ohio.
      Grv City Rd & Curtis Ave, Grove City, OH
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Commerce Dr, OH
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.