Historic Art Deco Office
For Sale
$4,000,000
1800 Triplett Boulevard, Akron, OH 44306
The property combines private airport access with a nationally recognized aviation history and office use.
Property Size15,464 SF
Price / SF$266.42
Days on Market50
Property Features for 1800 Triplett Boulevard
General Information
Standard status
Active
Size
15,464 SF
Class
A
Property subtype
Office
Zoning
U5-H1, A2
Amenities
Private Airport Access
Building Details
Building Size
15,464 SF
Year Built
1930
Buildings
1
Construction
Art Deco
Listing Agency:
Hoff & Leigh
(330) 940-9360
Listed By:
Tom Franjesh · License #BRKP.2009002386
(330) 328-3327
Source:
Hoffleigh
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 20 at 5:08PM
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
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Investment Insights
Based on property information with market context.
Built in 1930, this 15,014-square-foot office property served as the Akron-Fulton International Airport administration building and later supported commercial and private aircraft operations. The structure features Art Deco design and is identified as a Class A office building. Its historic renovation has received state and national recognition.
The property remains listed on the National Register of Historic Places and is associated with the growth of commercial aviation in Northeast Ohio. Private airport access adds a distinctive operational feature, while U5-H1 and A2 zoning provide the stated land-use designations. Located at 1800 Triplett Boulevard in Akron, Ohio, the building offers a distinctive office setting within a former airport terminal.
The property remains listed on the National Register of Historic Places and is associated with the growth of commercial aviation in Northeast Ohio. Private airport access adds a distinctive operational feature, while U5-H1 and A2 zoning provide the stated land-use designations. Located at 1800 Triplett Boulevard in Akron, Ohio, the building offers a distinctive office setting within a former airport terminal.
Key Highlights
- 15,014‑square‑foot office building constructed in 1930
- Former Akron‑Fulton International Airport administration building
- Art Deco architectural design with Class A office designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,572
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,551,440
$3.6M
Cap Rate 7%
$2,536,743
$2.5M
Cap Rate 9%
$1,973,022
$2.0M
Market Conditions
NOI Build-Up for 15,014 SF
Gross rent
$254.0K $16.92/SF
− Vacancy
−$17.3K −$1.15/SF
EGI
$236.8K $15.77/SF
− OpEx
−$59.2K −$3.94/SF
NOI
$177.6K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,551,440
Cap Rate 7%
$2,536,743
Cap Rate 9%
$1,973,022
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,572 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,920 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property combines private airport access with a nationally recognized aviation history and office use.
Where is this office building located?
The property is located at 1800 Triplett Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 15,014‑square‑foot office building constructed in 1930; Former Akron‑Fulton International Airport administration building; Art Deco architectural design with Class A office designation
