Mixed-Use Property With Office
For Sale
Contact for pricing
1818 S ARLINGTON ST, Akron, OH 44306
Commercially zoned property combines a private-office layout with substantial land and flexible storage capacity.
Property Size1,664 SF
Price / SF$330.53
Days on Market9
Property Features for 1818 S ARLINGTON ST
General Information
Standard status
Active
Size
1,664 SF
Total Parking Spaces
20
Property subtype
Mixed Use, Office, Land
Zoning
Commercial
Building Details
Year Built
1976
Buildings
1
Units
2
Listing Agency:
REMAX Edge Realty
(330) 958-8394
Listed By:
Debbie Ferrante · License #2010000047
Source:
Crexi
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 8 at 3:08PM
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 REMAX Edge Realty
Investment Insights
Based on property information with market context.
Located at 1818 S Arlington St. in Akron, Ohio, this mixed-use property includes a 1,664-square-foot office building constructed in 1976. The interior is arranged around two private offices, with each office accompanied by a closet and its own bathroom. A full basement adds storage or work area and includes a garage door with rear access for equipment, inventory, or vehicles.
The property encompasses just over 3.5 acres under Universal Land Use and carries Commercial zoning. Its combination of office improvements, basement utility, and a sizable land component supports a range of business or development applications. The site is positioned near major roadways, providing access for daily operations and future planning.
The property encompasses just over 3.5 acres under Universal Land Use and carries Commercial zoning. Its combination of office improvements, basement utility, and a sizable land component supports a range of business or development applications. The site is positioned near major roadways, providing access for daily operations and future planning.
Key Highlights
- 1,664 SF office building constructed in 1976
- Two private offices, each with a closet and private bathroom
- Full basement with garage door and rear access
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
$19,680
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
3.58%
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%
$393,600
$393.6K
Cap Rate 7%
$281,143
$281.1K
Cap Rate 9%
$218,667
$218.7K
Market Conditions
NOI Build-Up for 1,664 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
$28.2K $16.92/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$26.2K $15.77/SF
− OpEx
−$6.6K −$3.94/SF
NOI
$19.7K $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 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%
$393,600
Cap Rate 7%
$281,143
Cap Rate 9%
$218,667
Alternative Uses
Best Use
Office B
$281.1K
$246.0K – $328.0K
NOI $19,680 @ 7.0% cap · market cap 3.58%
Second Best
Mixed Use
$251.4K
$220.0K – $293.3K
NOI $17,597 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$408.4K
$357.3K – $476.4K
NOI $28,585 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
367
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines a private-office layout with substantial land and flexible storage capacity.
Where is this mixed-use property located?
The property is located at 1818 S ARLINGTON ST Akron, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,664 SF office building constructed in 1976; Two private offices, each with a closet and private bathroom; Full basement with garage door and rear access
