Corner Retail
For Sale
$499,900
201 N Cleveland Massillon Road, Akron, OH 44333
CommercialSale, Akron, OH
Property Size1,652 SF
Lot Size1.01 Acres
Price / SF$302.60
Days on Market111
Property Features for 201 N Cleveland Massillon Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Rooms
Basement
Subdivision
Braeburn Estates
Elementary school district
Copley-Fairlawn CSD - 7703
Middle school district
Copley-Fairlawn CSD - 7703
High school district
Copley-Fairlawn CSD - 7703
Directions
Fairlawn to Cleveland Massillon Rd. North on Cleveland Massillon Road property is located on the right.
Standard status
Active
APN
0500171
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 95 SUB 21 BRAEBURN EST 1.340A SEWER MAINT $61.00 SURFACE WATER MANAGEMENT $88.80
Tax Annual Amount
4228
Legal Description
LOT 95 SUB 21 BRAEBURN EST 1.340A SEWER MAINT $61.00 SURFACE WATER MANAGEMENT $88.80
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Private
Building Details
Year built
1940
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Megan Eckstein · License #2023001083
(330) 605-4302
Added: May 8
Changed: Aug 19
Last Checked: Aug 26 at 8:06PM
MLS# 5205716
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes an approximately 1,652-square-foot building on 1.01 acres. The site occupies a corner position and includes a parking area behind the building, providing separate space for customer and employee vehicles. A basement adds additional interior utility. The property was built in 1940 and is equipped with central air conditioning and forced-air, natural-gas heat.
Located at 201 N Cleveland Massillon Road in Akron, the property fronts a well-traveled commercial corridor and offers access to surrounding retail, dining, and major roadways. It is currently zoned for retail and office use, with public sewer and a private water source serving the property.
Located at 201 N Cleveland Massillon Road in Akron, the property fronts a well-traveled commercial corridor and offers access to surrounding retail, dining, and major roadways. It is currently zoned for retail and office use, with public sewer and a private water source serving the property.
Key Highlights
- 1.01‑acre commercial site with an approximately 1,652‑square‑foot building
- Corner positioning along 201 N Cleveland Massillon Road in Akron
- Currently zoned for retail and office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,760
$390.8K
Cap Rate 7%
$279,114
$279.1K
Cap Rate 9%
$217,089
$217.1K
Market Conditions
NOI Build-Up for 1,652 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.0K $16.92/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$26.1K $15.77/SF
− OpEx
−$6.5K −$3.94/SF
NOI
$19.5K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,760
Cap Rate 7%
$279,114
Cap Rate 9%
$217,089
Alternative Uses
Best Use
Office B
$279.1K
$244.2K – $325.6K
NOI $19,538 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$266.5K
$233.2K – $310.9K
NOI $18,652 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$405.4K
$354.7K – $473.0K
NOI $28,379 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 44333, OH
19,449
Population
8,598
Households
2.3
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
685
Density / Sq Mi
$119,313
Median Household Income
$63,920
Median Earnings
$1,232
Median Rent
$362,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail and office zoning supports a range of commercial configurations.
Where is this retail space located?
The property is located at 201 N Cleveland Massillon Road Akron, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1.01‑acre commercial site with an approximately 1,652‑square‑foot building; Corner positioning along 201 N Cleveland Massillon Road in Akron; Currently zoned for retail and office use
