Historic Executive Office
715 East Buchtel Avenue Akron, OH 44305
715 East Buchtel Avenue, Akron, OH, 44305
Contact for pricing
For Sale
Contact for pricing
Restored historic mansion offering executive office space, presented for sale.
Property Size8,918 SF
Price / SF$134.56
Days on Market16
Property Features for 715 East Buchtel Avenue
General Information
- Standard status
- Active
- Size
- 8,918 SF
- Property subtype
- Office
Building Details
- Year Built
- 1906
Listing agency
Hanna Commercial Real Estate Cleveland
(216) 861-5105
Listed by
John Lubinski · License #OH 2019006622
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 3:47AM Checked: Jul 21 at 3:47AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $16.92 |
| − Vacancy | −$10.3k | −$1.15 |
| EGI | $140.6k | $15.77 |
| − OpEx | −$35.2k | −$3.94 |
| NOI | $105.5k | $11.83 |
8,918 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Robinson Mansion, Aka ...
Tour Operator
Eva Women's Clinic
Charitable Organization
Akron Pregnancy Services
Medical Clinic
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FAQs
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
