Historic Executive Office
For Sale
Contact for pricing
715 East Buchtel Avenue, Akron, OH 44305
Restored historic mansion offering executive office space, presented for sale.
Property Size8,918 SF
Price / SF$134.56
Days on Market108
Property Features for 715 East Buchtel Avenue
General Information
Standard status
Active
Size
8,918 SF
Class
A
Property subtype
Office
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1906
Year Renovated
2019
Tenancy
Single
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
John Lubinski · License #OH 2019006622
(330) 958-7291
Source:
Crexi
Added: Jul 7
Changed: Oct 20
Last Checked: Oct 20 at 7:30PM
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 Hanna Commercial Real Estate Cleveland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restored historic mansion provides executive office space and is offered for sale. The property is configured as an office use within a distinctive, preserved building setting.
The asset is located at 715 East Buchtel Avenue in Akron, Ohio (44305).
The asset is located at 715 East Buchtel Avenue in Akron, Ohio (44305).
Key Highlights
- Restored historic mansion offering executive office space
- Built in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,474
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,480
$2.1M
Cap Rate 7%
$1,506,771
$1.5M
Cap Rate 9%
$1,171,933
$1.2M
Market Conditions
NOI Build-Up for 8,918 SF
Gross rent
$150.9K $16.92/SF
− Vacancy
−$10.3K −$1.15/SF
EGI
$140.6K $15.77/SF
− OpEx
−$35.2K −$3.94/SF
NOI
$105.5K $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 Rate 5%
$2,109,480
Cap Rate 7%
$1,506,771
Cap Rate 9%
$1,171,933
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,474 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,199 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,996
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Restored historic mansion offering executive office space, presented for sale.
Where is this office building located?
The property is located at 715 East Buchtel Avenue Akron, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Restored historic mansion offering executive office space; Built in 1906
