Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1266 Canton Rd Akron, OH 44312

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000 /Mo ($25 SF/Yr)

    Restaurant space for lease with high traffic volume.

    Property size:
    2,877 SF
    Lot size:
    0.81 Acres

    Property Features for 1266 Canton Rd

    General Information

    Size
    2,877 SF
    Lot size
    0.81 Acres

    We can help!

    Listing Contact
    John Lubinski
    Source: Moodyscre

    Listing Agent: John Lubinski

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

    Learn more

    Property Insight Report

    Overview

    Former Restaurant on Canton Road

    This is a restaurant property available for lease, formerly a Wendy's. The property includes outdoor cooler and freezer units. It features 45 or more parking spaces. The location on Canton Road experiences an estimated 18,000 to 22,000 vehicles per day. The property has a size of 2,877 square feet and is suitable for drive-through restaurant or other retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4277368
    Latitude
    41.0304971

    Nearby Similar for Lease

    • $2,500 /Mo
      7,597 SF

      Office Space in Akron, OH

      Office space with high foot traffic near major intersection.
      816 E Turkeyfoot Lake Rd, Akron, OH 44319
      View Details
    • $1,400 /Mo
      46,304 SF

      Versatile Commercial Space for Lease

      Flexible commercial suite suitable for various business uses.
      899 Canton Rd, Akron, OH 44312
      View Details
    • $850 /Mo
      3,398 SF

      Renovated Commercial Building For Lease

      Move-in-ready commercial building with flexible space in Akron, OH.
      1014 Kenmore Blvd, Akron, OH 44314
      View Details
    • Contact for pricing
      4,356 SF

      Akron Fulton Airport Hangar Spaces

      Two hangar spaces available for lease at Akron Fulton Airport.
      1496 Triplett Blvd, Akron, OH 44306
      View Details
    • Contact for pricing
      4,356 SF

      Akron Fulton Airport "T" Hangars

      Two "T" Hangars at Akron Fulton Airport for rent.
      1496 Triplett Blvd, Akron, OH 44306
      View Details
    • $1,400 /Mo
      80,150 SF

      Office Space in Clocktower Landing

      Office space for lease in a desirable location.
      470 Portage Lakes Dr, Akron, OH 44319
      View Details
    • $1,500 /Mo
      5,401 SF

      Remodeled Commercial Building in Akron

      Remodeled 1,800 sqft commercial building with modern amenities and functionality.
      1152 Grant St, Akron, OH 44301
      View Details
    • $1,350 /Mo
      31,363 SF

      Akron Office Space For Rent

      Office space connected to medical practice with parking and green space.
      908 E Waterloo Rd, Akron, OH 44306
      View Details
    • $5,000 /Mo
      43,560 SF

      Akron Warehouse with Large Door

      6,000 SF warehouse space for lease near downtown Akron.
      1051 Eastwood Ave, Akron, OH 44305
      View Details
    • $10,000 /Mo
      9,688 SF

      Versatile Industrial and Manufacturing Space

      Spacious warehouse and office areas in a prime Akron location.
      595 E Tallmadge Ave, Akron, OH 44310
      View Details
    • $750 /Mo

      Spacious Multi-Family Home For Rent

      Spacious 1 bed, 1 bath multi-family home for rent.
      508 Hammel St, Akron, OH 44306
      View Details
    • Contact for pricing
      1,085 SF

      Retail Space at Signalized Intersection

      Retail suites available in high-traffic Akron location.
      1896-1908 Buchholzer Blvd, Akron, OH 44310
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant space for lease with high traffic volume.
    Where is this drive through restaurant located?
    The property is located at 1266 Canton Rd Akron, OH.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Boasting 18-22,000 Vehicles Per Day (VPD); - Former Wendy's: Benefit from existing QSR infrastructure.; - Outdoor Cooler/Freezers Included
    (216) 861-5105
    Request Owner's contact information
    1266 Canton Rd Akron, OH 44312
    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.
    1266 Canton Rd
    Akron, OH 44312
    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
    1266 Canton Rd Akron, OH 44312
    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

    We can help!
    Listing Contact
    John Lubinski
    Real Estate License ID: OH 2019006622
    (216) 861-5105
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.