Warehouse/Manufacturing Facility For
For Sale
$1,995,000
1329 E Archwood Ave, Akron, OH 44306
Warehouse/Manufacturing facility with office and outside storage.
Property Size27,000 SF
Price / SF$65.84
Days on Market158
Property Features for 1329 E Archwood Ave
General Information
Standard status
Active
Size
27,000 SF
Property subtype
Industrial
Building Details
Building Size
27,000 SF
Year Built
1987
Listing Agency:
NAI Pleasant Valley
Listed By:
Robert Raskow, SIOR · License #SAL.0000347491
(330) 697-6818
Source:
Naiglobal
Added: Apr 1
Changed: Sep 4
Last Checked: Sep 4 at 4:01AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,431,680
$3.4M
Cap Rate 7%
$2,451,200
$2.5M
Cap Rate 9%
$1,906,489
$1.9M
Market Conditions
NOI Build-Up for 30,300 SF
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.
Gross rent
$207.3K $6.84/SF
− Vacancy
−$5.4K −$0.18/SF
EGI
$201.9K $6.66/SF
− OpEx
−$30.3K −$1.00/SF
NOI
$171.6K $5.66/SF
Area
Akron, OH
Vacancy
2.60%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,431,680
Cap Rate 7%
$2,451,200
Cap Rate 9%
$1,906,489
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,584 @ 7.0% cap · market cap 8.60%
Second Best
Industrial
$2.02M
$1.77M – $2.36M
NOI $141,304 @ 7.0% cap · market cap 7.08%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 44306, OH
21,085
Population
10,424
Households
2
Avg Household Size
34
Median Age
9%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
2,540
Density / Sq Mi
$41,105
Median Household Income
$30,481
Median Earnings
$901
Median Rent
$77,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
