Vintage Office Building with
148 E Miller Ave. Akron, OH 44301
148 E Miller Ave., Akron, OH, 44301
$450,000
For Sale
$450,000
Office building with storage units on 1.396 acres.
Property Size6,070 SF
Lot Size1.40 Acres
Price / SF$74.14
Days on Market112
Property Features for 148 E Miller Ave.
General Information
- Standard status
- Active
- Size
- 6,070 SF
- Lot size
- 1.40 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1930
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 8:13AM
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 vintage office building and 23 storage/warehouse units, situated on 1.396 acres. The office building provides 6,070 square feet of space. Additionally, there are 23 storage units totaling 7,071 square feet. The property includes newer roof top air conditioning units and fiber optic cable.
Key Highlights
- 23 Storage/Warehouse Units totaling 7,071 SF
- 6,070 SF Office Building
- Located on 1.396 Acres
Local Financial Insights For Industrial
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 | $41.5k | $6.84 |
| − Vacancy | −$1.1k | −$0.18 |
| EGI | $40.4k | $6.66 |
| − OpEx | −$12.1k | −$2.00 |
| NOI | $28.3k | $4.66 |
6,070 SF · lease $6.84/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.03M
$897.4K – $1.20M
NOI $71,790 @ 7.0% cap · market cap 15.95%
Second Best
Self Storage
$730.4K
$639.1K – $852.1K
NOI $51,128 @ 7.0% cap · market cap 11.36%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,274 @ 7.0% cap · market cap 23.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carmichael Construction Co
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with storage units on 1.396 acres.
Where is this office building located?
The property is located at 148 E Miller Ave. Akron, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 23 Storage/Warehouse Units totaling 7,071 SF; 6,070 SF Office Building; Located on 1.396 Acres
