Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    202 W Warner Road Akron, OH 44319

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Akron, OH

    Lot size:
    0.23 Acres
    Added:
    May 29, 2025
    Days on Market:
    340
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 202 W Warner Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1905638
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LONG LK EST #2 LOT 463 ALL
    Tax Annual Amount
    543

    Utilities

    Sewer type
    Public Sewer
    Water source
    Well

    We can help!

    Listing Contact
    Brent E Karlen

    Listing agent Brent E Karlen License #442887

    Listing office RE/MAX Edge Realty 1033 E Turkeyfoot Lake Rd, North Canton, OH

    Listing date May 29, 2025

    MLS# 5127387 Listing URL

    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.

    Overview

    Akron Land Near Portage Lakes

    This affordable 0.2282-acre building lot is located in the heart of Portage Lakes, Akron, Ohio. The level lot is a short walk to the Portage Lakes and the Portage Lakes restaurant district, with convenient highway access. Utilities including gas, electric, phone, cable, and sewer are available at the street. A house site has been cleared, and a new survey has been recently completed. An existing sewer lateral for Summit County sewer is on the property, with a sewer connection fee of $211. There is no HOA, allowing for flexibility in building and boat parking. Vacant lots on each side are also available, offering the opportunity to purchase all 3 lots for a combined 0.75-acre building site. The property can be used to build now or as a parking spot for a boat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.531084
    Latitude
    41.010297

    Nearby Similar for Sale

    • $665,000

      Akron Land I-77 Visibility

      3.68 acre commercial land with I-77 frontage.
      1356 E TURKEYFOOT LAKE ROAD, AKRON, OH 44312
      View Details
    • $279,000

      Turnkey Restaurant with Expansion Potential

      Fully equipped restaurant with expansion possibilities in Akron, Ohio.
      314 Pioneer Street, Akron, OH 44305
      View Details
    • $329,000

      Akron Land with Redevelopment Potential

      5.83 acres zoned for multi-family and commercial uses.
      1715-1731 Vernon Odom Boulevard, Akron, OH 44320
      View Details
    • $450,000
      3,136 SF

      Luxury Duplex with Income Potential

      Meticulously maintained duplex on 1.5 acres, ideal for living.
      1995-1997 Rolling Meadows Lane, Akron, OH 44312
      View Details
    • $385,000
      2,874 SF

      Updated Duplex in Akron, OH

      Well-maintained duplex with updated features, ideal for investors or owner-occupants.
      3160 Dewalt Drive, Akron, OH 44312
      View Details
    • $159,900

      Akron Commercial Building For Sale

      Highly visible corner location with diverse potential uses.
      1707 & 1709 Vernon Odom Boulevard, Akron, OH 44320
      View Details
    • $267,500
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex in Akron's sought-after Portage Lakes area.
      206 Olivet Avenue, Akron, OH 44319
      View Details
    • $295,000
      2,632 SF

      Well-Maintained Akron Three-Unit Building

      Three-unit brick apartment building in prime Akron location.
      1804-1808 Cromwell Drive, Akron, OH 44313
      View Details
    • $89,000

      Prime Commercial Land Opportunity

      B-1 zoned land in Portage Lakes area, ideal for development.
      4138 S MAIN STREET, AKRON, OH 44319
      View Details
    • $499,900

      Historic Akron Property with Updates

      Historic property suitable for offices, retail, or residential conversion.
      697 W Market Street, Akron, OH 44303
      View Details
    • $399,900

      Updated Four-Unit Multifamily Property

      Turnkey, income-producing four-unit property in Akron's North Hill.
      810 Thayer Street, Akron, OH 44310
      View Details
    • $145,000
      1,454 SF

      Updated Akron Duplex Investment Opportunity

      Updated duplex with new roof and value-add potential.
      499 Brown Street, Akron, OH 44311
      View Details

    FAQs

    What type of property is this?
    Land - Affordable building lot near Portage Lakes and restaurant district.
    Where is this land located?
    The property is located at 202 W Warner Road Akron, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in the heart of Portage Lakes, near restaurants and the lake.; Utilities (gas, electric, phone, cable, sewer) are available at the street.; Existing sewer lateral means a low sewer connection fee ($211).
    (330) 697-1455
    We can help!
    Listing Contact
    Brent E Karlen
    Real Estate License ID: 442887
    Learn More
    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.
    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

    Thank You for Inquiry

    202 W Warner Road, Akron, OH 44319

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!