Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Multi-Tenant Office Building Title is generated by Realmo AI

    215 East Waterloo Road, Akron, OH 44319

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    Convenient office building with ample parking and highway access.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 6 at 12:21 am

    Property Features for 215 East Waterloo Road

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 215 East Waterloo Road Contact us

    We can help!

    Listing Contact
    Jenna Tharp
    Jenna Tharp

    Listing agent Jenna Tharp License #SAL.2020006237

    Listing office SVN Summit Commercial Real Estate Advisors

    Listing date Mar 6, 2026

    Source Svn

    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 SVN Summit Commercial Real Estate Advisors

    HighLights

    • Excellent highway access to I‑77 and I‑224, with connections to I‑76, I‑277, & SR241.
    • Ample on‑site parking.
    • Flexible zoning allowing a wide range of office, medical, and service‑related uses.
    • Located on a heavily trafficked commuter and service route (Waterloo Road).
    • Professionally managed.
    • Recent improvements include a new roof, upgraded HVAC, updated plumbing, and new windows.

    Overview

    This well-maintained multi-tenant building is situated in a transitional commercial corridor, surrounded by service-oriented businesses, light industrial users, and offices. It offers a practical and convenient option with ample on-site parking, easy highway access, and flexible zoning that accommodates a wide range of office, medical, and service-related uses. Located directly on Waterloo Road, a heavily trafficked commuter and service route, the property provides easy access to I-77 and I-224. The location offers high visibility due to its position on a heavily trafficked route. The property's flexibility allows it to accommodate a range of small to mid-size tenants. Professionally managed, the building features improvements including a new roof, upgraded HVAC, updated plumbing, and new windows. Accessibility is enhanced by its location less than 1 mile from the I77/US-224 interchange, providing quick connections to I-76, I-277, and SR241.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UpRight Law Law Firm Mohamed Katirji Physician Miles Of Care Home ... Home Health Care Service Financial Wize Mortgage ... Nursing Home oaoss Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5192
    Latitude
    41.0293

    Nearby Similar for Lease

    • $3,200/Mo
      1,652 SF

      High-Visibility Commercial Space in Akron

      Prime Akron location with flexible zoning and dedicated parking.
      201 N Cleveland Massillon Road, Akron, OH 44333
      View Details
    • $4,633/Mo
      3,706 SF

      Historic Office Space in Akron

      Downtown Akron office space with city views and modern amenities.
      17-23 S Main Street, Akron, OH 44308
      View Details
    • $23 SF/Yr
      1,200 SF

      Downtown Akron Office Spaces Available

      Two 1200 sq ft office spaces in downtown Akron.
      380 S Main Street, Akron, OH 44311
      View Details
    • $3,950/Mo

      Turn-Key Office Suite in Akron

      Impeccably maintained office suite in a desirable retail district.
      799 White Pond Drive, Akron, OH 44320
      View Details
    • Sponsored
      $129-$5,656/Mo
      11-1,292 SF

      OH, Akron - South Main St

      388 Main St, Unit 440, Akron, OH 44311
      View Details
    • $6 SF/Yr
      8,900 SF

      Renovated Flex Space in Akron

      8,900 SF industrial/office flex space for lease.
      1350 Home Avenue, Suite D-F, Akron, OH 44310
      View Details
    • $560/Mo
      350 SF

      West Akron Office Space Available

      Office spaces in Pilgrim Square Plaza, West Akron, ranging 250-350 sqft.
      2287-2311 W. Market Street, Akron, OH 44313
      View Details
    • $23 SF/Yr
      1,200 SF

      COMMERCIAL - Akron, OH

      380 S Main Street, Akron, OH 44311
      View Details
    • $7 SF/Yr
      5,814 SF

      Industrial Flex Unit in Akron

      5,814 SF industrial flex unit near Route 8.
      1350 Home Avenue, Suite A-C, Akron, OH 44310
      View Details
    • $7 SF/Yr
      5,000 SF

      Akron Warehouse with Office Space

      Warehouse with office space available for lease in Akron.
      1340 Home Avenue, Unit B-C, Akron, OH 44310
      View Details
    • $10,000/Mo
      9,688 SF

      Versatile Industrial and Manufacturing Space

      Spacious warehouse and office areas in a prime Akron location.
      595 E Tallmadge Ave, Akron, OH 44310
      View Details
    • $560/Mo
      21,643 SF

      Pilgrim Square Office Space Available

      Office spaces available in well-maintained Pilgrim Square Plaza, Akron.
      2287-2311 W. Market Street, Akron, OH 44313
      View Details

    FAQs

    What type of property is this?
    Office building - Convenient office building with ample parking and highway access.
    Where is this office building located?
    The property is located at 215 East Waterloo Road Akron, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Excellent highway access to I‑77 and I‑224, with connections to I‑76, I‑277, & SR241.; Ample on‑site parking.; Flexible zoning allowing a wide range of office, medical, and service‑related uses.
    (231) 633-1642
    We can help!
    Listing Contact
    Jenna Tharp
    Jenna Tharp
    Real Estate License ID: SAL.2020006237
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 East Waterloo Road, Akron, OH 44319
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!