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    State Rte 225 Diamond, OH 44412
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    Property profile & analytics

    State Rte 225, Diamond, OH 44412

    View on Map
    • Warehouses
    • 1,248 SF
    • 2.21 lot acres
    Off-Market
    Last Sale Jul 25, 2023
    $3,200
    Property ID
    US66-4019325
    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

    • Warehouses

    Property Details for State Rte 225

    Year built
    1965
    Lot size
    2.21 lot acres
    Property type
    Warehouses
    APN
    27-039-00-00-001-003
    APU
    270390000001003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2024 — Gerald Smith Stacy Ritterbeck Quitclaim Deed · related —
    Jul 25, 2023 $6,000 Raymond Mcmahan Lisa Morgand Quit Claim Deed · related —
    Jan 26, 2022 $2,000 Gerafed Smith Wendy Black Quit Claim Deed · related —
    Apr 11, 2019 $1,200 Leisure Lake Management Assn Fluke Kay W Quit Claim Deed · related —
    Aug 25, 2017 — Jeffrey Black Cox,ron Warranty Deed · related —
    May 22, 2015 $3,200 Fredrick Scheall Leisure Lake Membership Assn Grant Deed —
    May 22, 2015 — Kent Tompkins Stevenson Lelia Grant Deed · related —
    Sep 3, 2009 — Ron Cox Borlie,randy J & Theresa H Quit Claim Deed · related —
    Mar 9, 2005 $625 Jeff Stevenson Katrine,art & Pat Quit Claim Deed · related —
    Dec 3, 2004 — Lake Membership Assn Leisure Keslar,robert E SR & Norma J Quit Claim Deed · related —
    Oct 29, 2004 — Billy Delbert Limbach,kara J Quit Claim Deed · related —
    Oct 28, 2004 $625 Art Katrine Jakabousky,elizabeth Quit Claim Deed · related —
    Jul 30, 2004 — Lake Membership Assn Leisure Hazel,jerry D & Edna V Quit Claim Deed · related —
    Jul 2, 2004 — Lake Membership Assn Leisure Raymond,karl H & Nancy E Quit Claim Deed · related —
    May 3, 2004 — Kara J Limbach Indorf,elucille & Donald Quit Claim Deed · related —
    Apr 19, 2004 — Larry Dutton King,thomas H & Mary E Quit Claim Deed · related —
    Feb 7, 2002 — Leisure Lake Membership Assoc Thousand Adventures Of Ohio Grant Deed · related —
    Jan 10, 2002 — Sean Hoffner Coleman,john & M S Quit Claim Deed · related —
    Sep 7, 2001 $4,000 Lynn A Pflug Shadyside Corp Grant Deed —
    Sep 7, 2001 — Joseph Fraser Pflug,lynn A & Donna Quit Claim Deed · related —
    Aug 24, 2001 — Scott T Hamilton Reese,robert E & Judith A Quit Claim Deed · related —
    May 24, 2001 — Helen Beam Cope,raymond B & Kristina L Quit Claim Deed · related —
    Apr 30, 2001 — Richard W Harvey Sullivan,thomas D & Ellen C Quit Claim Deed · related —
    Apr 26, 2001 — Timothy A Shaw Leisure Lake Membership Assoc Quit Claim Deed · related —
    Apr 23, 2001 — Altin A John Childers,quentin & Karen Quit Claim Deed · related —
    Feb 14, 2001 — Lake Membership Assn Leisure Grimes,karl L & Carol S Quit Claim Deed · related —
    Sep 14, 2000 — Quentin Childers Chiochetti,vincent E & Jean F Quit Claim Deed · related —
    Jun 2, 1999 — W L Mcdonald Groupwise INC Grant Deed · related —
    Dec 30, 1998 — Group Wise INC Kurela,theodore A & Martha J Grant Deed · related —
    Dec 29, 1998 — Darryl Murphy Turnberg,david N & June B Quit Claim Deed · related —
    Nov 12, 1998 — Thousand Adventures Ohio INC Miller,jacob E & Iva R Quit Claim Deed · related —
    Jul 27, 1998 $5,100 Wasdovitch,michael & Shirley Shadyside Corp Trustees Deed —
    Jul 27, 1998 — Leisure Lake Membership Wasdovitch,michael & Shirley Quit Claim Deed · related —
    Jul 21, 1998 — Moore,jeffery Leisure Lake Membershp Assoc Trustees Deed · related —
    Jul 14, 1998 — Workman,john & Kathy Leisure Lake Membership Assn Trustees Deed · related —
    Jul 8, 1998 $4,000 Marion Meyers Shadyside Corp Grant Deed —
    Jun 4, 1998 $4,000 James W Bateman Shadyside Corporation Grant Deed —
    Apr 13, 1998 — Leisure Lake Membership Assoc Pollarine,john A & Judith A Quit Claim Deed · related —
    Dec 2, 1997 — Leisure Lake Membership Assoc Reese,w S & Clara V Quit Claim Deed · related —
    Oct 23, 1997 $240,000 Terry M Depp Shadyside Corp Trustees Deed —
    Oct 23, 1997 — Lake Membership Assn Leisure Depp,terry M & Marlyn K Quit Claim Deed · related —
    Aug 20, 1997 — Frank Snyder Adams,mildred C Quit Claim Deed · related —

    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
    Diamond
    County
    Portage
    State
    Ohio
    Longitude
    -81.0548
    Latitude
    41.139
    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
    $400
    $2,310
    $5,010
    $7,320
    -
    $6,600
    $14,300
    $20,900

    Comparable in this City

    • Value Estimation
      $785,000
      4,500 SF

      147 Pricetown Rd

      MINI-WAREHOUSE, STORAGE
      147 Pricetown Rd, Diamond, OH 44412-9631
      View Details
    • Value Estimation by Request
      3,960 SF

      4317 State Rte 225

      WAREHOUSE, STORAGE
      4317 State Rte 225, Diamond, OH 44412-8749
      View Details
    • Value Estimation by Request
      2,800 SF

      1688 Pricetown Rd

      MINI-WAREHOUSE, STORAGE
      1688 Pricetown Rd, Diamond, OH 44412-9625
      View Details
    • Value Estimation by Request
      1,688 SF

      4034 Depot St

      WAREHOUSE, STORAGE
      4034 Depot St, Diamond, OH 44412-8731
      View Details
    • Value Estimation by Request
      4,200 SF

      9401 Tallmadge Rd

      WAREHOUSE, STORAGE
      9401 Tallmadge Rd, Diamond, OH 44412
      View Details
    • Value Estimation by Request
      10,880 SF

      1688 Pricetown Rd

      MINI-WAREHOUSE, STORAGE
      1688 Pricetown Rd, Diamond, OH 44412-9625
      View Details

    Similar Nearby for Sale

    • $1,600,000
      101.16 Acres

      101+ Acre Land Parcel

      Over 100 acres of land for development or private sanctuary.
      State Route 225, Diamond, OH 44412
      View Details
    • New
      $299,900
      19.15 Acres

      Partially Wooded Residential Home Site

      A 19-acre parcel with cleared areas and heavy woods at the back, suited for building a new home.
      Wayland Rd, Diamond, OH 44412
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    • $49,997
      3.19 Acres

      Diamond, OH Land Parcel

      3.18-acre parcel near Lake Milton State Park.
      Mcclintocksburg Rd, Diamond, OH 44412
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    • $49,997
      3.17 Acres

      Diamond, OH 3.17-Acre Parcel

      3.17-acre parcel near Lake Milton State Park.
      Mcclintocksburg Rd, Diamond, OH 44412
      View Details
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    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.

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