Small Industrial Building with
For Sale
Contact for pricing
520 N Arlington Street, Akron, OH 44305
Industrial building with room to expand on 4.4 acres, suited for light manufacturing, logistics, or contractor/fleet operations.
Property Size13,700 SF
Lot Size4.40 Acres
Price / SF$62.04
Days on Market42
Property Features for 520 N Arlington Street
General Information
Standard status
Active
Size
13,700 SF
Lot size
4.40 Acres
Property subtype
Industrial
Zoning
U-5 Ordinary Industry
Investment Type
Value Add
Additional Details
Highway Access
Yes
Building Details
Year Built
1956
Buildings
2
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
George Pofok · License #OH SAL.0000432922
(216) 520-1200
Source:
Crexi
Added: Jul 26
Changed: Sep 4
Last Checked: Sep 2 at 12:24AM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
Industrial building totaling 13,700 square feet situated on 4.4 acres. The offering is described as well-suited for light manufacturing, logistics, contractor, or fleet operations, with outside storage and expansion capability noted as key attributes of the site.
The property is located in Akron with close proximity to Route 8 and Interstates I-77 and I-76, supporting practical access for day-to-day operations.
For buyers seeking an owner-user setup or an investment strategy, the current situation is described as having an existing tenant paying below-market rent.
The property is located in Akron with close proximity to Route 8 and Interstates I-77 and I-76, supporting practical access for day-to-day operations.
For buyers seeking an owner-user setup or an investment strategy, the current situation is described as having an existing tenant paying below-market rent.
Key Highlights
- 13,700 SF industrial building on 4.4 acres
- Located in Akron with close proximity to Route 8, I‑77, and I‑76
- Designed for light manufacturing, logistics, contractor, or fleet operations
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
$63,890
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
7.52%
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%
$1,277,800
$1.3M
Cap Rate 7%
$912,714
$912.7K
Cap Rate 9%
$709,889
$709.9K
Market Conditions
NOI Build-Up for 13,700 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
$93.7K $6.84/SF
− Vacancy
−$2.4K −$0.18/SF
EGI
$91.3K $6.66/SF
− OpEx
−$27.4K −$2.00/SF
NOI
$63.9K $4.66/SF
Area
Akron, OH
Vacancy
2.60%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
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%
$1,277,800
Cap Rate 7%
$912,714
Cap Rate 9%
$709,889
Alternative Uses
Best Use
Industrial
$912.7K
$798.6K – $1.06M
NOI $63,890 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,347 @ 7.0% cap · market cap 27.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 44305, OH
21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building with room to expand on 4.4 acres, suited for light manufacturing, logistics, or contractor/fleet operations.
Where is this manufacturing property located?
The property is located at 520 N Arlington Street Akron, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 13,700 SF industrial building on 4.4 acres; Located in Akron with close proximity to Route 8, I‑77, and I‑76; Designed for light manufacturing, logistics, contractor, or fleet operations
