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Copley Commercial Property for Sale

278 S Cleveland Massillon Rd Akron, OH 44333

278 S Cleveland Massillon Rd, Akron, OH, 44333
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1,706 SF property on 1.36 acres in Copley, Ohio.

Property Size1,706 SF
Lot Size1.36 Acres
Price / SF$213.95
AddedJun 15, 2024
Days on Market762
Last RefreshJul 15 at 11:01 pm

Property Features for 278 S Cleveland Massillon Rd

General Information

Standard status
Active
Size
1,706 SF
Lot size
1.36 Acres
Property subtype
Office, Retail

Listing office Hoff & Leigh Fairlawn

Listing date Jun 15, 2024

Source Crexi

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 Fairlawn


Investment Insights

Based on property information with market context.

This 1,706 square foot property, currently leased by an adult daycare, is situated on 1.36 acres of land. The converted home features three large activity rooms, three smaller rooms, and three restrooms, along with a basement level and a large detached garage. The property is located just south of West Market Street on South Cleveland Massillon Road in Copley, Ohio. A monument sign fronts Cleveland Massillon Road. The property is suited for adult daycare and professional office uses with a retail component.

Key Highlights

  • 1.36 acres of land
  • 1,706 SF converted home with flexible layout featuring 3 large activity rooms and 3 smaller rooms
  • Located in Copley, just south of W. Market Street on S. Cleveland Massillon Road

Local Financial Insights For Office B

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 $28.9k $16.92
− Vacancy −$2.0k −$1.15
EGI $26.9k $15.77
− OpEx −$6.7k −$3.94
NOI $20.2k $11.83
1,706 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$288.2K
$252.2K – $336.3K (±1% cap)
NOI $20,177 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$275.2K
$240.8K – $321.0K (±1% cap)
NOI $19,262 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$418.7K
$366.3K – $488.5K (±1% cap)
NOI $29,307 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Elite Designs Production Facility

Suggested Use

Kitchen & Bath Showroom Real Estate Agency Storage Facility Grocery & Convenience Store Garden Center HVAC Service Building Supply Parking Lot & Garage (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Almost Mom Child Development Care Center — 258 S Cleveland Massillon Rd, Fairlawn, OH 44333
  • Kids At Heart Preschool & Child Care Center — 186 S Cleveland Massillon Rd, Akron, OH 44333
  • Fairlawn Village Preschool — 3300 Morewood Rd, Akron, OH 44333
  • Akron Montessori School — 3882 Bywood Ave, Fairlawn, OH 44333

FAQs

What type of property is this?
Day care center - 1,706 SF property on 1.36 acres in Copley, Ohio.
Where is this day care center located?
The property is located at 278 S Cleveland Massillon Rd Akron, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1.36 acres of land; 1,706 SF converted home with flexible layout featuring 3 large activity rooms and 3 smaller rooms; Located in Copley, just south of W. Market Street on S. Cleveland Massillon Road
Contact an agent
(330) 573-5933 Call to check price and availability
More about this property
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