Converted Office and Adult
For Sale
Contact for pricing
278 S Cleveland Massillon Rd, Akron, OH 44333
Converted home features activity rooms, smaller rooms, restrooms, a basement level, and a large detached garage on 1.36 acres.
Property Size1,706 SF
Lot Size1.36 Acres
Price / SF$213.95
Days on Market672
Property Features for 278 S Cleveland Massillon Rd
General Information
Standard status
Active
Size
1,706 SF
Lot size
1.36 Acres
Property subtype
OFFICE
Additional Details
Road Access
Yes
Amenities
monument sign
Listing Agency:
Hoff & Leigh
(330) 573-5933
Listed By:
Jennifer Fernandez, SIOR, CCIM · License #SAL.0000430116
(330) 573-5933
Source:
Moodyscre
Added: Sep 30, 2024
Changed: Jul 27
Last Checked: Jul 27 at 2:02AM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This converted home totals 1,706 SF and is currently leased by an adult daycare. The interior includes 3 large activity rooms, 3 smaller rooms, and 3 restrooms, with additional space on the basement level. Outside, the property sits on 1.36 acres and includes a large detached garage.
The property is located on S. Cleveland Massillon Road just south of W. Market Street in Copley. A monument sign fronts Cleveland Massillon Road, and the listing notes an abundance of surrounding amenities.
The layout and site are described as well suited for adult daycare and professional office use with a retail component.
The property is located on S. Cleveland Massillon Road just south of W. Market Street in Copley. A monument sign fronts Cleveland Massillon Road, and the listing notes an abundance of surrounding amenities.
The layout and site are described as well suited for adult daycare and professional office use with a retail component.
Key Highlights
- Currently leased by an adult daycare
- Converted home with 1,706 SF, including 3 large activity rooms and 3 smaller rooms
- Includes 3 restrooms plus a basement level
Financial Insights For Office B
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 | $28.9k | $16.92 |
| − Vacancy | −$2.0k | −$1.15 |
| EGI | $26.9k | $15.77 |
| − OpEx | −$6.7k | −$3.94 |
| NOI | $20.2k | $11.83 |
1,706 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$288.2K
$252.2K – $336.3K
NOI $20,177 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44333, OH
19,449
Population
8,598
Households
2.3
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
685
Density / Sq Mi
$119,313
Median Household Income
$63,920
Median Earnings
$1,232
Median Rent
$362,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Almost Mom Child Development Care Center — 258 S Cleveland Massillon Rd, Fairlawn, OH 44333
- Kids At Heart Preschool & Child Care Center — 186 S Cleveland Massillon Rd, Akron, OH 44333
- Fairlawn Village Preschool — 3300 Morewood Rd, Akron, OH 44333
- Akron Montessori School — 3882 Bywood Ave, Fairlawn, OH 44333
Frequently Asked Questions
What type of property is this?
Day care center - Converted home features activity rooms, smaller rooms, restrooms, a basement level, and a large detached garage on 1.36 acres.
Where is this day care center located?
The property is located at 278 S Cleveland Massillon Rd Akron, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Currently leased by an adult daycare; Converted home with 1,706 SF, including 3 large activity rooms and 3 smaller rooms; Includes 3 restrooms plus a basement level
