Industrial Flex
For Sale
$1,100,000
3113 Mogadore Rd, Akron, OH 44312
U-5-zoned facility combining office and warehouse areas with access from Mogadore Road.
Property Size14,560 SF
Price / SF$75.55
Days on Market193
Property Features for 3113 Mogadore Rd
General Information
Standard status
Active
Size
14,560 SF
Property subtype
Industrial
Zoning
U-5
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
14,560 SF
Year Built
1976
Properties For Sale
at 3113 Mogadore Rd Contact us- Size
- 14,560 SF
- Lease Type
- NNN
3113 Mogadore Rd, Akron, Ohio, 44312
Listing Agency:
SVN | Summit Commercial
(234) 231-0285
Listed By:
Aaron Davis · License #2018001122
(234) 231-0285
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 1:19AM
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 SVN | Summit Commercial
Investment Insights
Based on property information with market context.
This 14,560 SF flex property, built in 1976, combines office and warehouse areas within a steel-roof facility. The U-5 zoning and adaptable configuration support a range of commercial and industrial operations, subject to applicable requirements.
Located at 3113 Mogadore Rd in Akron, the property has two curb cuts serving Mogadore Road. Its position provides connections to I-76, I-77, and State Route 224, supporting travel across the Akron-Canton area and Northeast Ohio.
Located at 3113 Mogadore Rd in Akron, the property has two curb cuts serving Mogadore Road. Its position provides connections to I-76, I-77, and State Route 224, supporting travel across the Akron-Canton area and Northeast Ohio.
Key Highlights
- 14,560 SF flex facility with office and warehouse areas
- U‑5 zoning
- Steel roof
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
$82,451
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
7.50%
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%
$1,649,020
$1.6M
Cap Rate 7%
$1,177,871
$1.2M
Cap Rate 9%
$916,122
$916.1K
Market Conditions
NOI Build-Up for 14,560 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
$99.6K $6.84/SF
− Vacancy
−$2.6K −$0.18/SF
EGI
$97.0K $6.66/SF
− OpEx
−$14.6K −$1.00/SF
NOI
$82.5K $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%
$1,649,020
Cap Rate 7%
$1,177,871
Cap Rate 9%
$916,122
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,202 @ 7.0% cap · market cap 15.65%
Second Best
Flex RnD
$1.87M
$1.64M – $2.18M
NOI $130,830 @ 7.0% cap · market cap 11.89%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,121 @ 7.0% cap · market cap 22.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - U-5-zoned facility combining office and warehouse areas with access from Mogadore Road.
Where is this flex space located?
The property is located at 3113 Mogadore Rd Akron, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 14,560 SF flex facility with office and warehouse areas; U‑5 zoning; Steel roof
