Warehouse Flex Building with
For Sale
Contact for pricing
2653-2655 S Arlington Road, Akron, OH 44319
Flex/warehouse building with four docks, four drive-in doors, and 18'8" clear height along S Arlington Road.
Property Size41,978 SF
Price / SF$60
Days on Market139
Property Features for 2653-2655 S Arlington Road
General Information
Standard status
Active
Size
41,978 SF
Property subtype
Retail, Industrial
Investment Type
Owner/User
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
4
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Ryan Fisher · License #SAL. 2009001953
Source:
Crexi
Added: Apr 22
Changed: Aug 22
Last Checked: Sep 7 at 9:27AM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
This former furniture, mattress, and appliance store offers a flexible warehouse configuration for a range of commercial needs. The building includes four loading docks and four drive-in doors, with 18'8" clear height to support practical storage and distribution operations.
The property is located along S Arlington Road, which sees nearly 14,000 VPD and provides strong visibility with signage opportunity. It is surrounded by a mix of retail and industrial users, creating a built-in tenant mix in the area.
With its dock-and-drive-in layout and substantial clear height, the space is well suited for users looking for warehouse flex accommodations in a high-traffic corridor.
The property is located along S Arlington Road, which sees nearly 14,000 VPD and provides strong visibility with signage opportunity. It is surrounded by a mix of retail and industrial users, creating a built-in tenant mix in the area.
With its dock-and-drive-in layout and substantial clear height, the space is well suited for users looking for warehouse flex accommodations in a high-traffic corridor.
Key Highlights
- 28,324 SF former furniture, mattress and appliance store building near I‑77
- 4 dock doors and 4 drive‑in doors for loading and access
- 18'8" clear height
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
$195,765
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
7.77%
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%
$3,915,300
$3.9M
Cap Rate 7%
$2,796,643
$2.8M
Cap Rate 9%
$2,175,167
$2.2M
Market Conditions
NOI Build-Up for 41,978 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
$287.1K $6.84/SF
− Vacancy
−$7.5K −$0.18/SF
EGI
$279.7K $6.66/SF
− OpEx
−$83.9K −$2.00/SF
NOI
$195.8K $4.66/SF
Area
Akron, OH
Vacancy
2.60%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
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%
$3,915,300
Cap Rate 7%
$2,796,643
Cap Rate 9%
$2,175,167
Alternative Uses
Best Use
Flex RnD
$5.39M
$4.71M – $6.29M
NOI $377,198 @ 7.0% cap · market cap 14.98%
Second Best
Warehouse
$3.40M
$2.97M – $3.96M
NOI $237,715 @ 7.0% cap · market cap 9.44%
Theoretical Best
Office A
$10.30M
$9.01M – $12.02M
NOI $721,124 @ 7.0% cap · market cap 28.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Dock-high doors
4
Drive-in doors
14,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44319, OH
21,833
Population
9,950
Households
2.2
Avg Household Size
48
Median Age
30%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,781
Median Household Income
$43,662
Median Earnings
$1,081
Median Rent
$188,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse building with four docks, four drive-in doors, and 18'8" clear height along S Arlington Road.
Where is this flex space located?
The property is located at 2653-2655 S Arlington Road Akron, OH.
What is the asking price?
The asking price for this property is $2,518,680.
What are key features of this property?
This property features: 28,324 SF former furniture, mattress and appliance store building near I‑77; 4 dock doors and 4 drive‑in doors for loading and access; 18'8" clear height
