Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Coventry Land Development Opportunity Title is generated by Realmo AI

    V/L Surfside Dr, Akron, OH 44319

    View on Map
    Claim this Listing
    New
    For Sale
    $2,700,000

    COMMERCIAL - Coventry, OH

    Lot size:
    23.66 Acres
    Added:
    May 18, 2026
    Days on Market:
    2
    Last Refresh:
    May 19 at 6:06 am

    Property Features for V/L Surfside Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1904744
    Lot size
    23.66 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOCKWOOD ACRES LOT 26 LESS N E & N W & S W COR
    Tax Annual Amount
    4782

    We can help!

    Listing Contact
    Ashley E Maclaren

    Listing agent Ashley E Maclaren License #2015003967

    Listing office RE/MAX Crossroads Properties 17075 Pearl Road, Strongsville, OH

    Listing date May 18, 2026

    MLS# 5208101 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.

    HighLights

    • 23+ acre property with development potential.
    • Three separate entrances/access points.
    • Minutes from the Portage Lakes area.
    • Picturesque pond.
    • Mix of mature trees and open space.
    • Close to recreation, dining, and shopping.

    Overview

    This 23+ acre property in Coventry Township offers development potential near the Portage Lakes area. The land features three separate entrances, a pond, mature trees, and open space. The property's natural landscape provides a serene setting while remaining close to recreation, dining, shopping, and everyday amenities. Developers and investors may find the size, layout, accessibility, and location suitable for residential development, private communities, custom home sites, or future investment potential, subject to township approval. The property also offers the opportunity to build a private retreat with scenic water views and wooded privacy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.54542
    Latitude
    40.992675

    Nearby Similar for Sale

    • $4,900,000
      66,000 SF

      Mixed-Use Building in East Market

      66,000+ SF mixed-use asset with immediate equity potential.
      797 E Market Street, Akron, OH 44305
      View Details
    • $257,500
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex with modern finishes in Akron's Portage Lakes.
      206 Olivet Avenue, Akron, OH 44319
      View Details
    • $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
    • $329,000
      13,000 SF

      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
    • $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
    • $279,000

      Turnkey Restaurant with Expansion Potential

      Fully equipped restaurant with expansion possibilities in Akron, Ohio.
      314 Pioneer Street, Akron, OH 44305
      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
    • $279,900
      2,632 SF

      Akron Brick Triplex with Garage

      Akron triplex with three units, driveway, and three-car garage.
      1753-1757 Cromwell Drive, Akron, OH 44313
      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
    • $115,000
      2,930 SF

      Akron Duplex with Income Potential

      Traditional duplex in Akron near University with strong income potential.
      604 E Buchtel Avenue, Akron, OH 44304
      View Details

    FAQs

    What type of property is this?
    Land - 23+ acre property with development potential near Portage Lakes.
    Where is this land located?
    The property is located at V/L Surfside Dr Akron, OH.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 23+ acre property with development potential.; Three separate entrances/access points.; Minutes from the Portage Lakes area.
    (330) 635-3073
    We can help!
    Listing Contact
    Ashley E Maclaren
    Real Estate License ID: 2015003967
    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
    V/L Surfside Dr, Coventry, 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!