Akron Warehouse with Office
103 Western Ave Akron, OH
103 Western Ave, Akron, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Warehouse with office space available for lease or purchase.
Property Size15,328 SF
Lot Size1.37 Acres
Price / SF$81.55
Days on Market477
Property Features for 103 Western Ave
General Information
- Standard status
- Active
- Size
- 15,328 SF
- Lot size
- 1.37 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Capstone Commercial LLC
(330) 283-1831
Listed by
Justine Fiehn
(330) 283-1831
Source
Moodyscre
Added: Apr 1, 2025 Updated: Jul 6 at 8:54AM Checked: Jul 21 at 4:38AM
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.
Local Financial Insights For Warehouse
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 | $104.8k | $6.84 |
| − Vacancy | −$2.7k | −$0.18 |
| EGI | $102.1k | $6.66 |
| − OpEx | −$15.3k | −$1.00 |
| NOI | $86.8k | $5.66 |
15,328 SF · lease $6.84/SF/yr · vacancy 2.60% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Neil Leeson Decor ...
(Bike/Boat/Book/etc) Store
H F Rubber ...
Professional Services
Similar For Sale Nearby
Similar Off Market Nearby
- Storage Rentals of America — 1897 W Market St, Akron, OH 44313
FAQs
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.
