Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Free-Standing Dollar Tree Retail Title is generated by Realmo AI

    1038 East Tallmadge Avenue, Akron, OH 44310

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Fee-simple sale of a free-standing Dollar Tree on a major retail corridor with access to the SR-8 interchange.

    Type:Retail
    Property size:
    10,010 SF
    Price / SF:
    $133/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:44 am

    Property Features for 1038 East Tallmadge Avenue

    General Information

    Standard status
    Active
    Size
    10,010 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Robert Yaskanich
    Robert Yaskanich

    Listing agent Robert Yaskanich License #OH SAL.2007006313

    Listing office Goodman Real Estate Services Group LLC Columbus

    Listing date Jun 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate Services Group LLC Columbus

    HighLights

    • 100% fee‑simple interest in a free‑standing Dollar Tree at 1038 E Tallmadge Ave, Akron, OH 44310
    • Built in 2015
    • Located along the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange
    • Immediate proximity to OhioMeansJobs Summit County Center and the Howe Avenue retail node (Home Depot, Giant Eagle, Marc's)
    • Surrounding trade area includes major employers: Goodyear Tire & Rubber (global headquarters), Summa Health Akron Campus, Akron Children's Hospital, and the University of Akron

    Overview

    This offering is the 100% fee-simple interest in a free-standing Dollar Tree retail property. The site is configured as a single, stand-alone retail building designed for an essential off-price variety store format.

    The property is located at 1038 E Tallmadge Ave in Akron, Ohio, positioned along the East Tallmadge Avenue retail corridor. It provides access to the SR-8 Tallmadge Avenue interchange and sits near the OhioMeansJobs Summit County Center. The Howe Avenue retail node nearby includes Home Depot, Giant Eagle, and Marc’s.

    For buyers, this asset provides direct ownership of a branded, single-tenant retail location in a dense urban infill trade area. The surrounding area is anchored by major regional employers and institutions, including Goodyear Tire & Rubber’s global headquarters, Summa Health’s Akron Campus, Akron Children’s Hospital, and the University of Akron. This combination of established retail nearby and local employment base may support long-term tenant fit for businesses seeking a well-situated retail footprint in the North Hill area.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $167.0k $16.68
    − Vacancy −$5.5k −$0.55
    EGI $161.5k $16.13
    − OpEx −$48.4k −$4.84
    NOI $113.0k $11.29
    10,010 SF · lease $16.68/SF/yr · vacancy 3.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $113,020 @ 7.0% cap · market cap 8.48%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.46M
    $2.15M – $2.87M (±1% cap)
    NOI $171,958 @ 7.0% cap · market cap 12.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    -81.4773142
    Latitude
    41.1016879

    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
    • $253,000
      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
    • $279,000

      Turnkey Restaurant with Expansion Potential

      Fully equipped restaurant with expansion possibilities in Akron, Ohio.
      314 Pioneer Street, Akron, OH 44305
      View Details
    • $373,000
      2,874 SF

      Updated Duplex with Two-Car Garages

      Two updated units each feature bedrooms, en-suite bath, and a walkout lower level with rec space.
      3160 Dewalt Drive, Akron, OH 44312
      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
    • $224,800
      1,440 SF

      Cash-Flowing Duplex on Quiet Street

      Fully occupied, renovated duplex generating $1,950 monthly rental income.
      1921 Preston Avenue, Akron, OH 44305
      View Details
    • $345,000
      2,484 SF

      Two-Duplex Rental Bundle

      Four updated one-bedroom units with month-to-month leases offer flexible occupancy and separately metered utilities.
      802 S Jenkins Boulevard, Akron, OH 44306
      View Details
    • $224,800
      1,440 SF

      Renovated Duplex in Akron, OH

      Cash-flowing duplex with renovated units, separate utilities, and parking.
      1927 Preston Avenue, Akron, OH 44305
      View Details
    • $220,000
      2,234 SF

      Renovated Duplex with Separate Utilities

      Fully renovated 3-bedroom duplex with separate utilities and dedicated laundry hookups for each unit.
      1102 Allendale Avenue, Akron, OH 44306
      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

    FAQs

    What type of property is this?
    Retail space - Fee-simple sale of a free-standing Dollar Tree on a major retail corridor with access to the SR-8 interchange.
    Where is this retail space located?
    The property is located at 1038 East Tallmadge Avenue Akron, OH.
    What is the asking price?
    The asking price for this property is $1,332,242.
    What are key features of this property?
    This property features: 100% fee‑simple interest in a free‑standing Dollar Tree at 1038 E Tallmadge Ave, Akron, OH 44310; Built in 2015; Located along the East Tallmadge Avenue retail corridor with access to the SR‑8 Tallmadge Avenue interchange
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Yaskanich
    Robert Yaskanich
    Real Estate License ID: OH SAL.2007006313
    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
    1038 East Tallmadge Avenue, Akron, OH 44310
    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!