Warehouse/Manufacturing Facility For
1329 E Archwood Ave Akron, OH 44306
1329 E Archwood Ave, Akron, OH, 44306
$1,995,000
For Sale
$1,995,000
Warehouse/Manufacturing facility with office and outside storage.
Property Size30,300 SF
Price / SF$65.84
Days on Market112
Property Features for 1329 E Archwood Ave
General Information
- Standard status
- Active
- Size
- 30,300 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing agency
NAI Pleasant Valley
(330) 697-6818
Listed by
Robert Raskow, SIOR · License #SAL.2005016012
(330) 697-6818
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 4:47AM
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 NAI Pleasant Valley
Investment Insights
Based on property information with market context.
This property features a warehouse/manufacturing facility, encompassing 26,700 square feet of warehouse space and a 3,600 square foot two-story office facility. The two-story office area includes a lunch room and restroom facilities. The building is fully sprinklered and includes a large fenced and gated outside storage area.
Key Highlights
- Large 26,700 SF Warehouse Space
- Includes a 3,600 SF 2‑Story Office Facility
- Large Fenced/Gated Outside Storage Area
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 | $207.3k | $6.84 |
| − Vacancy | −$5.4k | −$0.18 |
| EGI | $201.9k | $6.66 |
| − OpEx | −$30.3k | −$1.00 |
| NOI | $171.6k | $5.66 |
30,300 SF · lease $6.84/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.12M
$4.48M – $5.97M
NOI $358,361 @ 7.0% cap · market cap 17.96%
Second Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,584 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$7.44M
$6.51M – $8.68M
NOI $520,512 @ 7.0% cap · market cap 26.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Accessories of Ohio Valley
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Warehouse/Manufacturing facility with office and outside storage.
Where is this manufacturing property located?
The property is located at 1329 E Archwood Ave Akron, OH.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Large 26,700 SF Warehouse Space; Includes a 3,600 SF 2‑Story Office Facility; Large Fenced/Gated Outside Storage Area
