Warehouse with Loading
For Sale
$2,518,680
2655 S Arlington Road, Akron, OH 44319
Owner-user or investment warehouse with existing tenant income, flexible space configuration, and multiple loading options.
Property Size40,700 SF
Price / SF$88.92
Days on Market36
Property Features for 2655 S Arlington Road
General Information
Standard status
Active
Size
40,700 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18.7 ft
Dock-High Doors
4
Drive-In Doors
4
Building Details
Building Size
40,700 SF
Buildings
1
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1497
Listed By:
Ryan Fisher
(216) 525-1497
Source:
Cushmanwakefield
Added: Jul 26
Changed: Aug 30
Last Checked: May 7 at 5:49PM
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 SF warehouse was formerly used for furniture, mattresses, and appliances. The building includes four (4) dock doors, four (4) drive-in doors, and 18' clear height, providing a practical configuration for receiving, storage, and distribution uses. A 10,785 SF tenant is in place with lease term through 2028, while the remaining vacant area offers potential for demising.
The property is positioned along S Arlington Road, which carries nearly 14,000 VPD and provides visibility and signage opportunity. It is also located in close proximity to I-77, with surrounding retail and industrial users contributing to an established commercial setting. The combination of existing occupancy, warehouse infrastructure, and additional space supports both owner-user and investor considerations.
The property is positioned along S Arlington Road, which carries nearly 14,000 VPD and provides visibility and signage opportunity. It is also located in close proximity to I-77, with surrounding retail and industrial users contributing to an established commercial setting. The combination of existing occupancy, warehouse infrastructure, and additional space supports both owner-user and investor considerations.
Key Highlights
- 28,324 SF warehouse building
- Four (4) dock doors and four (4) drive‑in doors
- 18' 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
$160,394
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
6.37%
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%
$3,207,880
$3.2M
Cap Rate 7%
$2,291,343
$2.3M
Cap Rate 9%
$1,782,156
$1.8M
Market Conditions
NOI Build-Up for 28,324 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
$193.7K $6.84/SF
− Vacancy
−$5.0K −$0.18/SF
EGI
$188.7K $6.66/SF
− OpEx
−$28.3K −$1.00/SF
NOI
$160.4K $5.66/SF
Area
Akron, OH
Vacancy
2.60%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
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%
$3,207,880
Cap Rate 7%
$2,291,343
Cap Rate 9%
$1,782,156
Alternative Uses
Best Use
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,394 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
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
Lease Details
18 ft
Clear height
4
Dock-high doors
4
Drive-in doors
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
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 - Owner-user or investment warehouse with existing tenant income, flexible space configuration, and multiple loading options.
Where is this warehouse located?
The property is located at 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 warehouse building; Four (4) dock doors and four (4) drive‑in doors; 18' clear height
