Medical Office Suite with
For Sale
Contact for pricing
3510 Manchester Rd, Akron, OH 44319
Medical office space offered for sale, occupied by an established optometry and vision services tenant.
Property Size3,827 SF
Price / SF$176
Days on Market50
Property Features for 3510 Manchester Rd
General Information
Standard status
Active
Size
3,827 SF
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$50,516
Building Details
Year Built
1975
Buildings
1
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #10991231395
(949) 942-6585
Source:
Crexi
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 10:31AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This offering consists of a 3,827 SF Clarkson Eyecare medical office property featuring an established optometry and vision services tenant. The tenant recently extended its lease, reflecting continued commitment to the location.
The property is positioned along Manchester Road and benefits from visibility and convenient access within a well-trafficked commercial corridor.
The asset is being offered for sale as a stabilized medical office investment with an ongoing operating history tied to its long-term healthcare use.
The property is positioned along Manchester Road and benefits from visibility and convenient access within a well-trafficked commercial corridor.
The asset is being offered for sale as a stabilized medical office investment with an ongoing operating history tied to its long-term healthcare use.
Key Highlights
- 3,827 SF medical office located at 3510 Manchester Road in Akron, OH
- Occupied by an established optometry and vision services tenant (Clarkson Eyecare)
- Year built: 1975
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
$45,262
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
6.72%
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%
$905,240
$905.2K
Cap Rate 7%
$646,600
$646.6K
Cap Rate 9%
$502,911
$502.9K
Market Conditions
NOI Build-Up for 3,827 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
$64.8K $16.92/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$60.3K $15.77/SF
− OpEx
−$15.1K −$3.94/SF
NOI
$45.3K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$905,240
Cap Rate 7%
$646,600
Cap Rate 9%
$502,911
Alternative Uses
Best Use
Office B
$646.6K
$565.8K – $754.4K
NOI $45,262 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$595.2K
$520.8K – $694.4K
NOI $41,662 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$939.2K
$821.8K – $1.10M
NOI $65,743 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space offered for sale, occupied by an established optometry and vision services tenant.
Where is this medical office space located?
The property is located at 3510 Manchester Rd Akron, OH.
What is the asking price?
The asking price for this property is $673,552.
What are key features of this property?
This property features: 3,827 SF medical office located at 3510 Manchester Road in Akron, OH; Occupied by an established optometry and vision services tenant (Clarkson Eyecare); Year built: 1975
