Industrial Flex Storage
For Sale
Contact for pricing
2457 Mogadore Rd, Akron, OH 44312
Flex-style garage includes customer/office space with front and rear ground-level doors on a fully fenced outdoor lot.
Property Size2,800 SF
Price / SF$98.21
Days on Market289
Property Features for 2457 Mogadore Rd
General Information
Standard status
Active
Size
2,800 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
2
Listing Agency:
Hoff & Leigh
(330) 940-9360
Listed By:
Joe Zumpano · License #SAL.2015004596
(330) 990-0847
Source:
Moodyscre
Added: Dec 2, 2025
Changed: Sep 11
Last Checked: Sep 15 at 11:19AM
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
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.
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 = 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
$25,160
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
9.15%
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%
$503,200
$503.2K
Cap Rate 7%
$359,429
$359.4K
Cap Rate 9%
$279,556
$279.6K
Market Conditions
NOI Build-Up for 2,800 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
$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 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%
$503,200
Cap Rate 7%
$359,429
Cap Rate 9%
$279,556
Alternative Uses
Best Use
Flex RnD
$359.4K
$314.5K – $419.3K
NOI $25,160 @ 7.0% cap · market cap 9.15%
Second Best
Industrial
$186.5K
$163.2K – $217.6K
NOI $13,058 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$687.1K
$601.3K – $801.7K
NOI $48,100 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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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
