Listing Agency: Hoff & Leigh Show Phone

Listed By: Joe Zumpano · License #SAL.2015004596 Show Phone

Source: Moodyscre

Added: Dec 2, 2025 Changed: Oct 26 Last Checked: Nov 1 at 5:59AM

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Investment Insights

Based on property information with market context.

This industrial flex storage facility includes a 2,800 SF garage with customer/office space. The building has a 10’ ground-level door at both the front and rear, providing straightforward in-and-out access. The property also includes ample power/electricity and a fully fenced concrete lot designed for secure outdoor storage.

The site is described as having visibility from I-76. An easement for an adjacent building and access for a digital billboard are included as noted in the property remarks.

With both enclosed space and secure, fenced outdoor area, the configuration supports a range of light industrial and storage needs where flexibility matters.

Key Highlights

• 2,800 SF flex‑style garage with customer/office space
• Ground‑level 10’ doors at the front and rear of the building
• Fully fenced, extra‑large concrete lot for security and outdoor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,160

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$503,200 $503.2K

Cap Rate 7%

$359,429 $359.4K

Cap Rate 9%

$279,556 $279.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$40.3K $14.40/SF

− Vacancy

−$1.6K −$0.58/SF

EGI

$38.7K $13.82/SF

− OpEx

−$13.5K −$4.84/SF

NOI

$25.2K $8.99/SF

Area

Akron, OH

Vacancy

4.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$503,200

Cap Rate 7%

$359,429

Cap Rate 9%

$279,556

Alternative Uses

Best Use

Flex RnD

$359.4K

$314.5K – $419.3K (±1% cap)

NOI $25,160 @ 7.0% cap · market cap 9.15%

Second Best

Industrial

$186.5K

$163.2K – $217.6K (±1% cap)

NOI $13,058 @ 7.0% cap · market cap 4.75%

Theoretical Best

Office A

$687.1K

$601.3K – $801.7K (±1% cap)

NOI $48,100 @ 7.0% cap · market cap 17.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Exclusive Motorsports LLC Car Dealership

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

237

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44312, OH

30,510

Population

14,299

Households

2.1

Avg Household Size

44

Median Age

19%

College-Educated

92%

High-School Grad

19.0 sq mi

ZIP Area

1,606

Density / Sq Mi

$64,542

Median Household Income

$41,829

Median Earnings

$994

Median Rent

$142,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex-style garage includes customer/office space with front and rear ground-level doors on a fully fenced outdoor lot.

Where is this flex space located?

The property is located at 2457 Mogadore Rd Akron, OH.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: 2,800 SF flex‑style garage with customer/office space; Ground‑level 10’ doors at the front and rear of the building; Fully fenced, extra‑large concrete lot for security and outdoor storage