Drive-Up Self-Storage
New
For Sale
$1,300,000
313 Boyle St, Akron, OH 44310
The property offers a single-story-style drive-up storage configuration in Akron, Ohio.
Property Size19,600 SF
Price / SF$66.33
Days on Market2
Property Features for 313 Boyle St
General Information
Standard status
Active
Size
19,600 SF
Property subtype
Self-Storage Facility
Occupancy
81%
Site & Location
Neighborhood
North Hill
Warehouse & Industrial
Cold Storage
No
Self-Storage Units
148
Additional Details
Cap Rate
4.71%
Property Use
Self Storage
Amenities
Akron, Ohio Self-Storage Offering
Located Approximately Two Miles North of Downtown Akron in the Neighborhood of North Hill
19,600 Net Rentable Square Feet
148 Non-Climate Controlled Drive-Up Self-Storage Units
Currently Well Below Market Rental Rates
Building Details
Building Size
19,600 SF
Year Built
1995
Units
148
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Nathan Coe · License #License(s): OH: SAL.2015003418
(614) 360-9801
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 2:18PM
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 Marcus & Millichap - Columbus
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Investment Insights
Based on property information with market context.
This self-storage property in Akron, Ohio, contains 148 non-climate-controlled drive-up units across 19,600 net rentable square feet. Built in 1995, the facility is configured for direct vehicle access to the units.
Located at 313 Boyle St, the property is described as having easy access and visibility. The surrounding area is characterized by a substantial population base.
Located at 313 Boyle St, the property is described as having easy access and visibility. The surrounding area is characterized by a substantial population base.
Key Highlights
- 148 non‑climate‑controlled drive‑up units
- 19,600 net rentable square feet
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,992
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,219,840
$2.2M
Cap Rate 7%
$1,585,600
$1.6M
Cap Rate 9%
$1,233,244
$1.2M
Market Conditions
NOI Build-Up for 19,600 SF
Gross rent
$134.1K $6.84/SF
− Vacancy
−$3.5K −$0.18/SF
EGI
$130.6K $6.66/SF
− OpEx
−$19.6K −$1.00/SF
NOI
$111.0K $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 Rate 5%
$2,219,840
Cap Rate 7%
$1,585,600
Cap Rate 9%
$1,233,244
Alternative Uses
Best Use
Self Storage
$2.36M
$2.06M – $2.75M
NOI $165,093 @ 7.0% cap · market cap 12.70%
Second Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $110,992 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,701 @ 7.0% cap · market cap 25.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
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Business Placement
Demographics for 44310, OH
24,984
Population
11,074
Households
2.3
Avg Household Size
35
Median Age
14%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
4,030
Density / Sq Mi
$38,912
Median Household Income
$32,593
Median Earnings
$925
Median Rent
$91,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - The property offers a single-story-style drive-up storage configuration in Akron, Ohio.
Where is this self storage facility located?
The property is located at 313 Boyle St Akron, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 148 non‑climate‑controlled drive‑up units; 19,600 net rentable square feet; Built in 1995
