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    Property profile & analytics

    Pekin Rd Novelty, OH 44072

    • Commercial real estate
    • 2.73 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-3790964
    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

    • Commercial real estate

    Property Details for Pekin Rd

    Lot size
    2.73 lot acres
    Property type
    Commercial real estate
    APN
    26-601300
    APU
    26601300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Novelty
    County
    Geauga
    State
    Ohio
    Longitude
    -81.3321
    Latitude
    41.477
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, 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
    $294
    $5,150
    $0.00
    $5,150
    -
    $14,700
    $0.00
    $14,700

    Comparable in this City

    • Value Estimation by Request
      2.43 Acres

      8700 Fairmount Rd

      COMMERCIAL (GENERAL) • 2.43 Acres
      8700 Fairmount Rd, Novelty, OH 44072-9763
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    • Value Estimation by Request
      3.52 Acres

      Beechwood Dr

      COMMERCIAL (GENERAL) • 3.52 Acres
      Beechwood Dr, Novelty, OH 44072
      View Details
    • Value Estimation by Request
      1,920 SF

      14254 Chillicothe Rd

      COMMERCIAL (GENERAL) • 1,920 SF
      14254 Chillicothe Rd, Novelty, OH 44072-9554
      View Details
    • Value Estimation by Request
      3,203 SF

      8450 Kinsman Rd

      COMMERCIAL (GENERAL) • 3,203 SF
      8450 Kinsman Rd, Novelty, OH 44072-9569
      View Details
    • Value Estimation by Request
      10,384 SF

      9465 Kinsman Rd

      COMMERCIAL (GENERAL) • 10,384 SF
      9465 Kinsman Rd, Novelty, OH 44072-9633
      View Details
    • Value Estimation by Request
      2,822 SF

      14837 Chillicothe Rd

      COMMERCIAL (GENERAL) • 2,822 SF
      14837 Chillicothe Rd, Novelty, OH 44072-9998
      View Details

    Similar Nearby for Sale

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      113,920 SF

      Multi-Tenant Industrial Center on 19+ Acres

      113,920 SF multi-tenant industrial center with 12 tenants.
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    • $129,900
      Pending

      Land in Scenic Russell Township

      4+ acre wooded parcel in desirable West Geauga School District.
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      175+ acres featuring vacant land and income-producing homes.
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    Pekin Rd
    Novelty, OH 44072
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    Realmo Value Estimation

    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.

    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.

    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
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