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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    State Route 39, OH

    • Office buildings
    • 672 SF
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    2.9%
    Office buildings
    Location Intelligence
    Property ID
    US66-3828235
    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

    • Office buildings

    Property Details for State Route

    Year built
    1962
    Property size
    672 SF
    Property type
    Office buildings
    APN
    B05-034-0-0001-01
    APU
    B050340000101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    39
    County
    Ashland
    State
    Ohio
    Longitude
    -82.3187
    Latitude
    40.6706
    CBSA code
    11740
    CBSA name
    ASHLAND, OH MICROPOLITAN 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
    $1,027
    $0.00
    $21,070
    $21,070
    -
    $0.00
    $60,200
    $60,200

    Comparable in this City

    • Value Estimation
      $280,000
      3.82 Acres

      Ottawa St

      OFFICE BUILDING • 3.82 Acres
      Ottawa St, Toledo, OH
      View Details
    • Value Estimation
      $230,000
      1,280 SF

      7487 State Route

      OFFICE BUILDING (MULTI-STORY) • 1,280 SF
      7487 State Route, 124, OH
      View Details
    • Value Estimation
      $285,000
      9,240 SF

      N

      OFFICE BUILDING • 9,240 SF
      N, 26th Rd, OH
      View Details
    • Value Estimation
      $285,000
      4,002 SF

      Bodey St, OH

      OFFICE BUILDING • 4,002 SF
      Bodey St, OH
      View Details
    • Value Estimation
      $215,000
      1,228 SF

      Second St, OH

      OFFICE BUILDING • 1,228 SF
      Second St, OH
      View Details
    • Value Estimation
      $235,000
      448 SF

      New Guilford Rd, OH

      OFFICE BUILDING • 448 SF
      New Guilford Rd, OH
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,481 SF

      Euclid Avenue Office Space Available

      61,481 SF office building with ample parking.
      24701 Euclid Ave, Euclid, OH
      View Details
    • $1,250,000
      9,460 SF

      Well-Maintained Office Building For Sale

      Office building with high visibility, ample parking, and highway access.
      18400 Pearl Rd, Strongsville, OH
      View Details
    • $15,000,000
      130,000 SF

      Enterprise Place Office and Medical

      130,000 SF office and medical building in Beachwood, Ohio.
      3333 Enterprise Pl, Beachwood, OH
      View Details
    • $625,000
      4,640 SF

      Shaker Heights Corner Office Building

      Renovated 4,640 SF office building with flexible C-3 zoning.
      15808 Chagrin Blvd, Shaker Heights, OH
      View Details
    • $399,000
      4,930 SF

      Two-Unit Office Building For Sale

      Two-unit office building with leased and available spaces.
      1616 Liberty Ave, Girard, OH
      View Details
    • Contact for pricing
      180,000 SF

      Corporate HQ Campus in New Albany

      175,000 SF corporate headquarters campus on 41 acres.
      8111-8131 Smith Ml Rd, New Albany, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,176 SF

      Renovated Office Building Near Highways

      Two-story office building with convenient highway access and renovated common areas.
      35010 Chardon Rd, Willoughby Hills, OH
      View Details
    • $14 SF/Yr
      26,191 SF

      Middletown Office Space for Lease

      Office building in Middletown's Renaissance District with ample parking.
      3420 Atrium Blvd, Middletown, OH
      View Details
    • $22 SF/Yr
      113,000 SF

      Mayfield Heights Office Space Available

      Up to 113,000 SF office space for lease.
      5920 Landerbrook Dr, Mayfield Heights, OH
      View Details
    • $13 SF/Yr
      2,658 SF

      Westlake Class B Office Space

      Renovated Class B office building with flexible layouts and amenities.
      24650 Ctr Rdg Rd, Westlake, OH
      View Details
    • $11 SF/Yr
      6,500 SF

      Commercial Office Building For Rent

      6,500 sq ft office building with ample parking.
      3989 S Us Rte, Lebanon, OH
      View Details
    • Contact for pricing
      2,800 SF

      Freestanding Building Near Oakwood Commons

      Freestanding building visible from Oakwood Commons entrance.
      1962 Warrensville Ctr Rd, South Euclid, 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.
    State Route
    39, 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.