Office Building with Full
For Sale
$550,000
1818 S Arlington Street, Akron, OH 44306
Each of the two private offices has its own closet and bathroom.
Property Size1,664 SF
Lot Size3.50 Acres
Price / SF$330.53
Days on Market90
Property Features for 1818 S Arlington Street
General Information
Standard status
Active
Size
1,664 SF
Lot size
3.50 Acres
Property subtype
Office
Site & Location
Neighborhood
Ellet
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,000
Amenities
private offices
private bathrooms
full basement
garage door
Building Details
Building Size
1,664 SF
Year Built
1976
Buildings
1
Listing Agency:
Life Stages Realty LLC
Listed By:
Nicolette Kuebeler · License #2022002552
(330) 322-3637
Source:
Lifestagesrealty
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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 Life Stages Realty LLC
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Investment Insights
Based on property information with market context.
The 1,664-square-foot office building, constructed in 1976, contains two private offices, each with a closet and private bathroom. A full basement adds storage or workspace and has a garage door with access at the rear.
The property encompasses just over 3.5 acres in Akron and carries a Universal Land Use designation. It is located near major roadways.
The property encompasses just over 3.5 acres in Akron and carries a Universal Land Use designation. It is located near major roadways.
Key Highlights
- 1,664‑square‑foot 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 / Yr
$19,680
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
233
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Each of the two private offices has its own closet and bathroom.
Where is this office building located?
The property is located at 1818 S Arlington Street 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‑square‑foot office building constructed in 1976; Two private offices, each with a closet and private bathroom; Full basement with garage door and rear access
