20,688 SF Facility on 4.1
1416 Piedmont Ave Akron, OH 44310
1416 Piedmont Ave, Akron, OH, 44310
$1,500,000
For Sale
$1,500,000
20,688 SF facility with warehouse, office, and large lot.
Property Size20,688 SF
Lot Size4.10 Acres
Price / SF$72.51
Days on Market112
Property Features for 1416 Piedmont Ave
General Information
- Standard status
- Active
- Size
- 20,688 SF
- Lot size
- 4.10 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1955
Listing agency
NAI Pleasant Valley - Akron
(330) 352-7746
Listed by
David Whyte · License #SAL.2018002884
(330) 352-7746
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM
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 20,688 square foot facility includes an 18,000 square foot warehouse and a 2,688 square foot new office space. The property is situated on 4.1 acres and features a fully fenced lot in a secluded area. The site includes a large gravel lot and an outbuilding for extra storage. The facility has one indoor dock and one drive-in door. The sale includes transferable gas and oil well royalties.
Key Highlights
- 18,000 SF warehouse with 2,688 SF of new office space, totaling 20,688 SF.
- 4.1 acre lot that is fully fenced.
- Includes transferable gas & oil well royalties.
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 | $141.5k | $6.84 |
| − Vacancy | −$3.7k | −$0.18 |
| EGI | $137.8k | $6.66 |
| − OpEx | −$20.7k | −$1.00 |
| NOI | $117.2k | $5.66 |
20,688 SF · lease $6.84/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,679 @ 7.0% cap · market cap 16.31%
Second Best
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,153 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$5.08M
$4.44M – $5.92M
NOI $355,391 @ 7.0% cap · market cap 23.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Falls Metal Stampings
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 1561 Brittain Rd, Akron, OH 44310
- Evans Ave Mini Storage — 1169 Evans Ave, Akron, OH 44305
- Secured Self Storage Center — 1302 Brittain Rd, Akron, OH 44310
- U-Haul Self Storage — 750 E Tallmadge Ave, Akron, OH 44310
- Acme Storage — Home Ave, Akron, OH 44310
FAQs
What type of property is this?
Warehouse - 20,688 SF facility with warehouse, office, and large lot.
Where is this warehouse located?
The property is located at 1416 Piedmont Ave Akron, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 18,000 SF warehouse with **2,688 SF of new office space**, totaling 20,688 SF.; 4.1 acre lot that is fully fenced.; Includes transferable gas & oil well royalties.
