Akron Warehouse with Office
For Sale
Contact for pricing
103 Western Ave, Akron, OH
Warehouse with office space available for lease or purchase.
Property Size15,328 SF
Lot Size1.37 Acres
Price / SF$81.55
Days on Market524
Property Features for 103 Western Ave
General Information
Standard status
Active
Size
15,328 SF
Lot size
1.37 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 103 Western Ave Contact us- Floor
- Bldg
- Size
- 15,328 SF
- Type
- INDUSTRIAL
- Availability
- AVAILABLE, Now
- Sublease
- No
103 Western Ave
-12,288 SF warehouse (plus 3,910 SF mezzanine) plus a 3,040 SF office located on...
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Listing Agency:
Capstone Commercial LLC
(330) 374-5414
Listed By:
Justine Fiehn
(330) 283-1831
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Aug 8
Last Checked: Sep 5 at 4:14AM
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 Capstone Commercial LLC
Investment Insights
Based on property information with market context.
This property features a 12,288-square-foot warehouse with a 3,910-square-foot mezzanine, along with a separate 3,040-square-foot office space, situated on 1.36 acres. The air-conditioned office area includes six private offices with natural lighting, a conference room with a wet bar, a reception and waiting area, open space for cubicles, storage, and restrooms separate from the warehouse. The warehouse includes a plant office, tool room, lunch room, storage, restrooms, two 16-foot overhead doors, one 8-foot overhead door, and a 3,910-square-foot mezzanine. The property has 600 amp, 3-phase power available and approximately 28 parking spaces. The warehouse and office can be leased separately at $14 per square foot for office space and $8 per square foot for warehouse space.
Key Highlights
- Substantial warehouse space (12,288 SF) with a 3,910 SF mezzanine and a separate 3,040 SF office building on 1.36 acres.
- Ample power supply: 600 amp, 3‑phase.
- Air‑conditioned offices with 6 private offices, conference room with wet bar, reception area, and open space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,800
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,736,000
$1.7M
Cap Rate 7%
$1,240,000
$1.2M
Cap Rate 9%
$964,444
$964.4K
Market Conditions
NOI Build-Up for 15,328 SF
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.
Gross rent
$104.8K $6.84/SF
− Vacancy
−$2.7K −$0.18/SF
EGI
$102.1K $6.66/SF
− OpEx
−$15.3K −$1.00/SF
NOI
$86.8K $5.66/SF
Area
Akron, OH
Vacancy
2.60%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,736,000
Cap Rate 7%
$1,240,000
Cap Rate 9%
$964,444
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,285 @ 7.0% cap · market cap 14.50%
Second Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,800 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,314 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space available for lease or purchase.
Where is this warehouse located?
The property is located at 103 Western Ave Akron, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Substantial warehouse space (12,288 SF) with a 3,910 SF mezzanine and a separate 3,040 SF office building on 1.36 acres.; Ample power supply: 600 amp, 3‑phase.; Air‑conditioned offices with 6 private offices, conference room with wet bar, reception area, and open space.
