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

    Lockwood St, OH

    View on Map
    • Commercial real estate
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 27, 2020
    $7,600,000
    Property ID
    US66-3892102
    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
    $6,960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Lot size
    0.17 lot acres
    Property type
    Commercial real estate
    APN
    67-34549
    APU
    6734549

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,165,000
      ML approach
      $6,465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockwood St
    County
    Summit
    State
    Ohio
    Longitude
    -81.5379
    Latitude
    41.0338
    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
    $888
    $3,560
    $450
    $4,010
    -
    $10,160
    $1,280
    $11,440

    Comparable in this City

    • Value Estimation by Request

      Olentangy Riv Rd

      COMMERCIAL (GENERAL)
      Olentangy Riv Rd, Columbus, OH
      View Details
    • Value Estimation by Request
      0.25 Acres

      R

      COMMERCIAL (GENERAL) • 0.25 Acres
      R, 134, OH
      View Details
    • Value Estimation by Request
      11.92 Acres

      I

      COMMERCIAL (GENERAL) • 11.92 Acres
      I, 70, OH
      View Details
    • Value Estimation by Request
      3.10 Acres

      I

      COMMERCIAL (GENERAL) • 3.10 Acres
      I, 70, OH
      View Details
    • Value Estimation by Request
      35.00 Acres

      State Route

      COMMERCIAL (GENERAL) • 35.00 Acres
      State Route, 124, OH
      View Details
    • Value Estimation by Request
      1.22 Acres

      R

      COMMERCIAL (GENERAL) • 1.22 Acres
      R, 235, OH
      View Details

    Similar Nearby for Sale

    • $2,549,000
      0.40 Acres

      Portsmouth QSR Investment Opportunity

      High-traffic KFC & Taco Bell, 15+ years remaining
      0 Us Highway 23, Portsmouth, OH undefined
      View Details
    • Contact for pricing
      5,800 SF

      Unique Industrial Property with History

      Unique commercial/industrial building with historical significance on 5.5 acres.
      790 Enterprise Ct, Miamisburg, OH
      View Details
    • Contact for pricing
      148,781 SF

      Industrial Warehouse in Cuyahoga Heights

      149,707 SF industrial warehouse in a prime location.
      5300 Harvard Ave, Cuyahoga Heights, OH
      View Details
    • 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
      5,416 SF

      Freestanding Building Near I-75

      Former chiropractic office with full lower level and ample parking.
      8039 Cincinnati Dayton Rd, West Chester, 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

    Similar Nearby for Lease

    • Contact for pricing
      40,400 SF

      Industrial Distribution Facility in Brooklyn Heights

      Industrial and distribution facilities with front loading truck access.
      990-998 Vly Belt Rd, Brooklyn Heights, OH
      View Details
    • Contact for pricing
      75,576 SF

      Euclid Warehouse with Tax Abatement

      75,576 SF warehouse with 15-year real estate tax abatement.
      26550 Bluestone Blvd, Euclid, OH
      View Details
    • Contact for pricing
      1,835 SF

      Secure Office Space with Elevator

      Office space in Cleveland's St. Clair-Superior District for lease.
      5318 St Clair Ave, Cleveland, OH
      View Details
    • Contact for pricing
      3,172 SF

      Dublin Office Space Available

      Office space available for lease in Dublin, Ohio.
      6745 Longshore St, Dublin, OH
      View Details
    • 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
    • $12 SF/Yr
      1,600 SF

      Van Wert Retail Space

      Retail space available for lease in Van Wert, Ohio.
      301-353 Towne Ctr Blvd, Van Wert, 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.
    Lockwood St, 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!