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

    106 S Main Street Akron, OH 44308

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    242,696 SF office building available for sale.

    Type:Office
    Property size:
    242,696 SF
    Added:
    Aug 30, 2019
    Days on Market:
    2431
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 106 S Main Street

    General Information

    Standard status
    Active
    Size
    242,696 SF
    Property subtype
    Office

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Barry Swatsenbarg

    Listing agent Barry Swatsenbarg License #6501294779

    Listing office Colliers - Royal Oak/Detroit, Michigan

    Listing date Aug 30, 2019

    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 Colliers - Royal Oak/Detroit, Michigan

    Overview

    Office Building in Akron, OH

    This commercial real estate offering features an office building with 242,696 square feet of space. The property is located at 106 S Main Street, Akron, OH 44308.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Architectural Greenery Florist Skoglund Rodney L Law Firm Renner Kenner, LPA: ... Law Firm Temple Square Interiors Furniture & Home Goods #PrettyLashTag, LLC Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -82.1100365
    Latitude
    41.3673997

    Nearby Similar for Sale

    • $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
    • $279,000

      Turnkey Restaurant with Expansion Potential

      Fully equipped restaurant with expansion possibilities in Akron, Ohio.
      314 Pioneer Street, Akron, OH 44305
      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
    • $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
    • $159,900

      Akron Triplex Investment Opportunity

      Income-producing triplex near Akron University and Downtown Akron.
      678-682 Sumner, Akron, OH 44311
      View Details
    • $125,000
      3,316 SF

      Akron Triplex Investment Opportunity

      Value-add triplex in historic Akron neighborhood with income potential.
      124 Roswell Street, Akron, OH 44305
      View Details
    • $155,000
      1,248 SF

      Akron Duplex with Recent Updates

      Well-maintained Akron duplex, ideal for investors or owner-occupants.
      296 Cole Avenue, Akron, OH 44301
      View Details
    • $135,000
      1,432 SF

      Well-Maintained Duplex in Akron, OH

      Single-story duplex with one vacant unit and rental income.
      1265-1267 Nome Avenue, Akron, OH 44320
      View Details

    FAQs

    What type of property is this?
    Office building - 242,696 SF office building available for sale.
    Where is this office building located?
    The property is located at 106 S Main Street Akron, OH.
    What are key features of this property?
    This property features: Large office space offering 242,696 SF; Office property type; Built in 1931
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barry Swatsenbarg
    Real Estate License ID: 6501294779
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!