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

    1199 E Turkeyfoot Lake Rd Akron, OH 44312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant land with high traffic and development potential.

    Lot size:
    1.88 Acres

    Property Features for 1199 E Turkeyfoot Lake Rd

    General Information

    Lot size
    1.88 Acres

    We can help!

    Listing Contact
    Ed Jesson
    Ed Jesson
    Source: Moodyscre

    Listing Agency: Hoff & Leigh Listing Agent: Ed Jesson

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

    Learn more

    Property Insight Report

    Overview

    1.88 Acre Vacant Land

    This vacant land parcel totals 1.88 acres and is located in the City of Green. It features frontage on I-77, measuring 225 feet, and 140 feet of frontage on SR 619. The location experiences high traffic volume, with over 108,000 vehicles passing daily on I-77 and over 11,000 vehicles on SR 619. Zoned B-1 General Business District, the property allows for various retail and office uses. This site offers excellent visibility and signage opportunities, making it suitable for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Dog's Life Pet Grooming Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4804
    Latitude
    40.975147

    Nearby Similar for Sale

    • $159,900
      0.52 Acres

      Akron Commercial Building For Sale

      Highly visible corner location with diverse potential uses.
      1707 Vernon Odom Blvd, Akron, OH 44320
      View Details
    • $549,900
      0.64 Acres

      Historic Akron Property with Updates

      Historic property suitable for offices, retail, or residential conversion.
      697 W Market St, Akron, OH 44303
      View Details
    • New
      $125,000
      3,316 SF

      Akron Triplex Investment Opportunity

      Value-add triplex in historic Akron neighborhood with income potential.
      124 Roswell St, Akron, OH 44305
      View Details
    • New
      $295,000
      2,632 SF

      Well-Maintained Akron Three-Unit Building

      Three-unit brick apartment building in prime Akron location.
      1804-1808 Cromwell Dr, Akron, OH 44313
      View Details
    • New
      $340,000
      2,800 SF

      Akron Multifamily Investment Opportunity

      Two duplexes with month-to-month leases and long-term tenants.
      349/351 Cluster Ave, Akron, OH 44305
      View Details
    • $130,000
      2,930 SF

      Akron Duplex with Income Potential

      Traditional duplex in Akron with strong income potential.
      604 E Buchtel Ave, Akron, OH 44304
      View Details
    • $309,900
      2,496 SF

      Akron Multifamily Investment Opportunity

      Four-unit brick property with long-term tenants and updates.
      2256 Maryland Ave, Akron, OH 44314
      View Details
    • New
      $268,000
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex in Akron's sought-after Portage Lakes area.
      206 Olivet Ave, Akron, OH 44319
      View Details
    • New
      $159,900
      0.20 Acres

      Akron Triplex Investment Opportunity

      Income-producing triplex near Akron University and Downtown Akron.
      678-682 Sumner St, Akron, OH 44311
      View Details
    • New
      $130,000
      2,608 SF

      Akron Duplex: Turnkey Investment

      Spacious duplex in Akron with income potential and convenient location.
      370 Wildwood Ave, Akron, OH 44320
      View Details
    • $279,000
      2,000 SF

      Akron Triplex with Garage

      Triplex in quiet neighborhood with a two-car garage.
      61 Leicester Dr, Akron, OH 44319
      View Details
    • $199,900
      0.10 Acres

      Mixed-Use Property on Corner Lot

      Mixed-use property suitable for retail, office, or medical use.
      1903 Brown St, Akron, OH 44301
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with high traffic and development potential.
    Where is this land located?
    The property is located at 1199 E Turkeyfoot Lake Rd Akron, OH.
    What are key features of this property?
    This property features: - 1.88 acres of vacant land in the City of Green; - High traffic location: Over 108,000 vehicles daily on I-77 and over 11,000 on SR 619; - Frontage on both I-77 (225 ft.) and SR 619 (140 ft.)
    (330) 760-4494 Call to check price and availability
    Request Owner's contact information
    1199 E Turkeyfoot Lake 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.
    1199 E Turkeyfoot Lake 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
    1199 E Turkeyfoot Lake 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ed Jesson
    Ed Jesson
    Real Estate License ID: SAL.0000445027
    (330) 760-4494 (330) 940-9360
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!