Industrial Property with Tenant
For Sale
Contact for pricing
2655 S Arlington Rd, Akron, OH
28,324 SF property with tenant income until 2028.
Property Size28,324 SF
Lot Size1.76 Acres
Price / SF$88.92
Days on Market306
Property Features for 2655 S Arlington Rd
General Information
Standard status
Active
Size
28,324 SF
Lot size
1.76 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1497
Listed By:
Ryan Fisher
(216) 525-1497
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:11AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This 28,324 square foot property, formerly a furniture, mattress, and appliance store, is located in close proximity to I-77. It features four docks and four drive-in doors, with a clear height of 18 feet 8 inches. Situated along S Arlington Road, the property benefits from high visibility and signage opportunities, with nearly 14,000 vehicles per day. The property is suitable for an owner/user or investor, offering income from a 10,785 square foot tenant with a lease term extending until 2028, along with the potential to divide the vacant space. The surrounding area includes a mix of retail and industrial users, supporting a strong tenant mix.
Key Highlights
- Ideal for owner/user or investor with existing income from a tenant occupying 10,785 SF with a lease term until 2028, plus the potential to demise the vacant space.
- Excellent visibility and signage opportunities on S Arlington Road with nearly 14,000 vehicles per day.
- Convenient access to I‑77.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.7k | $6.84 |
| − Vacancy | −$5.0k | −$0.18 |
| EGI | $188.7k | $6.66 |
| − OpEx | −$28.3k | −$1.00 |
| NOI | $160.4k | $5.66 |
28,324 SF · lease $6.84/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,394 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,089 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$6.95M
$6.08M – $8.11M
NOI $486,567 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Rentals of America — 2939 Chenoweth Rd, Akron, OH 44312
Frequently Asked Questions
What type of property is this?
Warehouse - 28,324 SF property with tenant income until 2028.
Where is this warehouse located?
The property is located at 2655 S Arlington Rd 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: Ideal for owner/user or investor with existing income from a tenant occupying 10,785 SF with a lease term until 2028, plus the potential to demise the vacant space.; Excellent visibility and signage opportunities on S Arlington Road with nearly 14,000 vehicles per day.; Convenient access to I‑77.
