Freestanding Warehouse and
For Sale
Contact for pricing
1329 E Archwood Ave, Akron, OH 44306
Freestanding warehouse-manufacturing facility with office space, loading docks, and fully sprinklered warehouse.
Property Size28,500 SF
Price / SF$70
Days on Market301
Property Features for 1329 E Archwood Ave
General Information
Standard status
Active
Size
28,500 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
4
Heavy Power
Yes
Sprinkler System
Yes
Amenities
lunch room
restroom area
Building Details
Stories
2
Listing Agency:
NAI Pleasant Valley - Akron
(330) 535-2661
Listed By:
Bob Raskow, SIOR · License #SAL.0000347491
(330) 697-6818
Source:
Moodyscre
Added: Nov 20, 2025
Changed: Sep 10
Last Checked: Sep 16 at 1:34PM
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 - Akron
Investment Insights
Based on property information with market context.
This freestanding warehouse/manufacturing facility offers 26,700 sq ft of warehouse space and 3,600 sq ft of office. The office is split across two floors, with approximately 1,800 sq ft per floor, and includes a lunch room and restroom area. The warehouse ceiling height is 24’, and the facility is equipped with (4) loading docks plus (1) overhead (OH) door. Power is listed as 800A/480-277 3-phase, and the warehouse is fully sprinklered.
The property also includes a large fenced and gated outside storage area to support equipment or materials storage. Availability is noted for Feb. 1, 2026.
The facility is designed to accommodate both warehousing and light manufacturing workflows, combining dock and drive access with on-site administrative space.
The property also includes a large fenced and gated outside storage area to support equipment or materials storage. Availability is noted for Feb. 1, 2026.
The facility is designed to accommodate both warehousing and light manufacturing workflows, combining dock and drive access with on-site administrative space.
Key Highlights
- 28,500 sq ft freestanding warehouse/manufacturing facility with 26,700 sq ft warehouse and 3,600 sq ft office
- 3,600 sq ft office is 2‑story with 1,800 sq ft per floor, plus lunch room and restroom area
- 24’ ceiling height with (4) loading docks and (1) OH door
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
$161,391
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
8.09%
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%
$3,227,820
$3.2M
Cap Rate 7%
$2,305,586
$2.3M
Cap Rate 9%
$1,793,233
$1.8M
Market Conditions
NOI Build-Up for 28,500 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
$194.9K $6.84/SF
− Vacancy
−$5.1K −$0.18/SF
EGI
$189.9K $6.66/SF
− OpEx
−$28.5K −$1.00/SF
NOI
$161.4K $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%
$3,227,820
Cap Rate 7%
$2,305,586
Cap Rate 9%
$1,793,233
Alternative Uses
Best Use
Warehouse
$2.31M
$2.02M – $2.69M
NOI $161,391 @ 7.0% cap · market cap 8.09%
Second Best
Industrial
$1.90M
$1.66M – $2.22M
NOI $132,910 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,591 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Freestanding warehouse-manufacturing facility with office space, loading docks, and fully sprinklered warehouse.
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: 28,500 sq ft freestanding warehouse/manufacturing facility with 26,700 sq ft warehouse and 3,600 sq ft office; 3,600 sq ft office is 2‑story with 1,800 sq ft per floor, plus lunch room and restroom area; 24’ ceiling height with (4) loading docks and (1) OH door
