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    Property profile & analytics

    Spencer Rd Homerville, OH 44235

    • Commercial real estate
    • 1.88 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-3897234
    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 Spencer Rd

    Lot size
    1.88 lot acres
    Property type
    Commercial real estate
    APN
    019-13D-08-013
    APU
    01913D08013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homerville
    County
    Medina
    State
    Ohio
    Longitude
    -82.1219
    Latitude
    41.0185
    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
    $1,057
    $18,800
    $2,920
    $21,720
    -
    $53,700
    $8,330
    $62,030

    Comparable in this City

    • Value Estimation by Request
      2,440 SF

      Greenwich Rd

      MINI-WAREHOUSE, STORAGE • 2,440 SF
      Greenwich Rd, Homerville, OH 44235
      View Details
    • Value Estimation by Request
      308 SF

      Spencer Rd

      MINI-WAREHOUSE, STORAGE • 308 SF
      Spencer Rd, Homerville, OH 44235
      View Details
    • Value Estimation by Request
      0.06 Acres

      Greenwich Rd

      VACANT COMMERCIAL LAND • 0.06 Acres
      Greenwich Rd, Homerville, OH 44235
      View Details
    • Value Estimation by Request
      440 SF

      12402 Greenwich Rd

      MINI-WAREHOUSE, STORAGE • 440 SF
      12402 Greenwich Rd, Homerville, OH 44235-9722
      View Details
    • Value Estimation
      $225,000
      3,920 SF

      13380 Mayes Rd

      LUMBERYARD, BUILDING MATERIALS • 3,920 SF
      13380 Mayes Rd, Homerville, OH 44235
      View Details
    • Value Estimation
      $200,000
      3,600 SF

      11820 Black Riv School Rd

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      11820 Black Riv School Rd, Homerville, OH 44235-9716
      View Details

    Similar Nearby for Sale

    • $1,200,000
      17,352 SF

      Versatile Warehouse Buildings on 11+ Acres

      Four well-maintained warehouse buildings on 11.21 acres with yard.
      11820 Black River School Rd, Homerville, OH 44235
      View Details
    • $150,000
      5.00 Acres

      5 Acres with Utilities Available

      5-acre land parcel with utilities in Homerville, OH.
      12402 Greenwich Rd, Homerville, OH 44235
      View Details
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    Spencer Rd
    Homerville, OH 44235
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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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