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    Copley Converted Home For Sale Title is generated by Realmo AI

    278 S Cleveland Massillon Rd, Akron, OH

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    1,706 SF converted home on 1.36 acres in Copley.

    Type:OFFICE
    Property size:
    1,706 SF
    Lot size:
    1.35 Acres
    Price / SF:
    $213/SF
    Added:
    Sep 30, 2024
    Days on Market:
    617
    Last Refresh:
    May 19 at 9:11 pm

    Property Features for 278 S Cleveland Massillon Rd

    General Information

    Standard status
    Active
    Size
    1,706 SF
    Lot size
    1.35 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jennifer Fernandez, SIOR, CCIM
    Jennifer Fernandez, SIOR, CCIM

    Listing agent Jennifer Fernandez, SIOR, CCIM License #SAL.0000430116

    Listing office Hoff & Leigh

    Listing date Sep 30, 2024

    Source Moodyscre

    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 Hoff & Leigh

    HighLights

    • 1.36 acres of land
    • Located on S. Cleveland Massillon Road with high visibility
    • 1,706 SF converted home with multiple rooms and restrooms
    • Large detached garage
    • Monument sign fronting Cleveland Massillon Road
    • Basement level

    Overview

    This 1,706 square foot converted home is currently leased by an adult daycare. The property features three large activity rooms, three smaller rooms, and three restrooms. It also includes a basement level and a large detached garage, all situated on 1.36 acres of land. A monument sign fronts Cleveland Massillon Road. The property is located just south of West Market Street on South Cleveland Massillon Road in Copley. It is ideally suited for adult daycare and professional office uses with a retail component.

    Local Financial Insights For Office B

    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 $28.9k $16.92
    − Vacancy −$2.0k −$1.15
    EGI $26.9k $15.77
    − OpEx −$6.7k −$3.94
    NOI $20.2k $11.83
    1,706 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $288.2K
    $252.2K – $336.3K (±1% cap)
    NOI $20,177 @ 7.0% cap · market cap 5.53%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $418.7K
    $366.3K – $488.5K (±1% cap)
    NOI $29,307 @ 7.0% cap · market cap 8.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elite Designs Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Almost Mom Child Development Care Center — 258 S Cleveland Massillon Rd, Fairlawn, OH 44333
    • Kids At Heart Preschool & Child Care Center — 186 S Cleveland Massillon Rd, Akron, OH 44333
    • Fairlawn Village Preschool — 3300 Morewood Rd, Akron, OH 44333
    • Akron Montessori School — 3882 Bywood Ave, Fairlawn, OH 44333

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.6351
    Latitude
    41.1287

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    FAQs

    What type of property is this?
    Day care center - 1,706 SF converted home on 1.36 acres in Copley.
    Where is this day care center located?
    The property is located at 278 S Cleveland Massillon Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: 1.36 acres of land; Located on S. Cleveland Massillon Road with high visibility; 1,706 SF converted home with multiple rooms and restrooms
    (330) 573-5933 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jennifer Fernandez, SIOR, CCIM
    Jennifer Fernandez, SIOR, CCIM
    Real Estate License ID: SAL.0000430116
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