Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Highland Rd, OH
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highland Rd, OH

    View on Map
    • Commercial land
    • 4.47 lot acres
    Off-Market
    Property ID
    US66-3960817
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    4.47 lot acres
    Property type
    Commercial land
    APN
    62-05059
    APU
    6205059

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Rd
    County
    Summit
    State
    Ohio
    Longitude
    -81.4673
    Latitude
    41.3011
    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
    $3,507
    $46,450
    $0.00
    $46,450
    -
    $132,710
    $0.00
    $132,710

    Comparable in this City

    • Value Estimation by Request
      8.22 Acres

      Fox, OH

      VACANT COMMERCIAL LAND • 8.22 Acres
      Fox, OH
      View Details
    • Value Estimation by Request
      1.12 Acres

      W

      VACANT COMMERCIAL LAND • 1.12 Acres
      W, Tr 108, OH
      View Details
    • Value Estimation by Request
      22.73 Acres

      Standing Rock Rd, OH

      VACANT COMMERCIAL LAND • 22.73 Acres
      Standing Rock Rd, OH
      View Details
    • Value Estimation by Request
      0.87 Acres

      Clyo Rd, OH

      VACANT COMMERCIAL LAND • 0.87 Acres
      Clyo Rd, OH
      View Details
    • Value Estimation by Request
      2.19 Acres

      Sandusky, OH

      VACANT COMMERCIAL LAND • 2.19 Acres
      Sandusky, OH
      View Details
    • Value Estimation by Request
      0.81 Acres

      Rear Rd Rd

      VACANT COMMERCIAL LAND • 0.81 Acres
      Rear Rd Rd, Manchester, OH
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Rickenbacker Airport

      10.53 AC land near distribution and logistics hubs.
      11271 Us Highway 23, Lockbourne, OH
      View Details
    • Contact for pricing

      Land for Lease in Springboro

      Land available for lease in a growing Springboro market.
      741 Main St & Lytle 5 Pts Rd, Springboro, OH
      View Details
    • $350,000

      Retail Outparcel Near SPIRE Institute

      2.25 AC retail outparcel near SPIRE Institute & Academy.
      1862 S Bdwy, Geneva, OH
      View Details
    • Contact for pricing

      Commercial Land Near Busy Intersection

      Land with high visibility near major retailers and thoroughfares.
      1515 Genntown Dr, Lebanon, OH
      View Details
    • Contact for pricing

      Land Suitable for Development

      Land zoned for business, industrial, medical, and R&D uses.
      4428 Private Dr, Middletown, OH
      View Details
    • Contact for pricing

      Land Ready for Development

      Commercial land suitable for retail, office, restaurant, or commercial use.
      Sound Wave Dr, Mason, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Adjacent to Ohio Health

      Prime commercial land for rent near Ohio Health Health Center.
      Us Rt 250, Ashland, OH
      View Details
    • Contact for pricing

      67 Acres Available For Lease

      67 acres available for ground lease near Giant Eagle.
      4343 E Royalton Rd, Broadview Heights, OH
      View Details
    • Contact for pricing

      Land Pad Site For Lease

      Land pad site available for ground lease in Middletown, Ohio.
      6825 Roosevelt Pkwy, Middletown, OH
      View Details
    • Contact for pricing

      Prime Commercial Land in Marysville

      1.5 AC available for ground lease or build to suit.
      600 Colemans Crossing Blvd, Marysville, OH
      View Details
    • Contact for pricing

      Commercial Land in Dayton, OH

      Located near affluent areas with high household income.
      Alexandersville Bellbrook Rd, Dayton, OH
      View Details
    • Contact for pricing

      Development Site on SR-14

      3+ AC development site available for ground lease.
      9270 Oh-14, Streetsboro, 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.
    Highland Rd, 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.
    Sign Up Successful!
    You now have access to more from Realmo!