Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Elwood Ave, OH

    • Schools
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3758475
    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

    • Schools

    Property Details

    Lot size
    0.05 lot acres
    Property type
    Schools
    APN
    67-53215
    APU
    6753215

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elwood Ave
    County
    Summit
    State
    Ohio
    Longitude
    -81.5081
    Latitude
    41.076
    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
    $0.00
    $5,720
    $180
    $5,900
    -
    $16,340
    $520
    $16,860

    Comparable in this City

    • Value Estimation
      $195,000
      9.58 Acres

      Clifton Rd, OH

      COLLEGE, UNIVERSITY, VOC SCHOOL • 9.58 Acres
      Clifton Rd, OH
      View Details
    • Value Estimation
      $185,000
      0.23 Acres

      E

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.23 Acres
      E, Buchtel Ave, OH
      View Details
    • Value Estimation
      $175,000
      0.05 Acres

      Nash St, OH

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.05 Acres
      Nash St, OH
      View Details
    • Value Estimation
      $180,000
      1.46 Acres

      Andora Rd, OH

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1.46 Acres
      Andora Rd, OH
      View Details
    • Value Estimation
      $170,000
      43.24 Acres

      E

      COLLEGE, UNIVERSITY, VOC SCHOOL • 43.24 Acres
      E, College St, OH
      View Details
    • Value Estimation
      $175,000
      0.30 Acres

      Ridge

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.30 Acres
      Ridge, Ave, OH
      View Details

    Similar Nearby for Sale

    • $2,880,000
      2,200 SF

      New Starbucks with Drive-Thru

      New Starbucks with 10-year lease in Ashtabula, OH.
      3111 N Rdg Usr 20 Rd, Ashtabula, OH
      View Details
    • $1,338,000
      9,180 SF

      Batavia Retail Investment Opportunity

      NNN leased Family Dollar with corporate guarantee and options.
      4136 Oh-276, Batavia, OH
      View Details
    • $4,485,000
      5,000 SF

      Copley Office Investment Opportunity

      Single-tenant Charles Schwab office with a new NNN lease.
      4141 Heritage Ctr Dr, Copley, OH
      View Details
    • $2,800,000
      3,644 SF

      Freestanding Restaurant on Large Lot

      Restaurant on 1-acre lot with high traffic visibility.
      3792 Waterford Pkwy, Amelia, OH
      View Details
    • $2,800,000
      3,170 SF

      Streetsboro Freddy's NNN Investment Opportunity

      Freddy's absolute NNN lease on 1.72-acre lot.
      1240 Oh-303, Streetsboro, OH
      View Details
    • $1,261,334
      9,180 SF

      Family Dollar Investment Opportunity

      NNN leased Family Dollar with a new 10-year term.
      17 Mansfield Ave, Shelby, OH
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      2,500 SF

      Retail Space on State Route

      2,500 SF retail space with high visibility available for lease.
      6133 State Rte, Mount Gilead, OH
      View Details
    • Contact for pricing
      541,440 SF

      Aviation and Logistics Business Park

      Integrated aviation and logistics business park with industrial and office space.
      Progress Way & Oh-73, Wilmington, OH
      View Details
    • Contact for pricing
      9,600 SF

      Versatile Rio Grande Venue Space

      9600 SF venue on 8 acres near Route 35.
      43 Hl Rd, Rio Grande, OH
      View Details
    • Contact for pricing
      327,360 SF

      Wilmington Air Park Industrial Space

      Integrated aviation and logistics business park with industrial and office space.
      7 Oh-73, Wilmington, OH
      View Details
    • Contact for pricing
      1,200 SF

      Retail Spaces in Mentor Shopping Center

      Retail and daycare spaces available in established Mentor shopping center.
      7262-7330 Lk Shr Blvd, Mentor, OH
      View Details
    • Contact for pricing
      8,158 SF

      Cincinnati Retail Space For Rent

      Retail space available for rent in Cincinnati, Ohio.
      50 Tri-County Pkwy, Cincinnati, 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.
    Elwood Ave, 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.