Renovated Flex
New
For Sale
Contact for pricing
730 N Main St, Akron, OH 44310
Updated commercial building with retail, garage, office, and reception areas.
Property Size5,646 SF
Lot Size0.62 Acres
Price / SF$115.13
Days on Market6
Property Features for 730 N Main St
General Information
Standard status
Active
Size
5,646 SF
Lot size
0.62 Acres
Property subtype
Retail
Zoning
U-3 - Akron
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Amenities
updated interior
new lighting
fresh interior and exterior paint
new overhead heater
exterior building lighting
newly paved asphalt parking lot
overhead garage door
Building Details
Year Built
1949
Year Renovated
2025
Listing Agency:
Pappas Realty Co.
(330) 762-0535
Listed By:
Patrick Powers · License #OH 2014004042
Source:
Crexi
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 18 at 8:15AM
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 Pappas Realty Co.
Investment Insights
Based on property information with market context.
Located at 730 N. Main Street, this approximately 5,646-square-foot flex property combines retail, garage, office, and reception areas. The building dates to 1949 and received renovations during 2025–2026, including refreshed interior finishes, new lighting, interior and exterior painting, an overhead heater, and exterior building lighting. One overhead garage door remains in place for automotive or service-related operations.
The property occupies approximately 0.62 acres across two parcels, with frontage along N. Main Street. A newly paved asphalt parking lot serves the building, while cleared land provides room for expanded parking. The site is positioned between Downtown Akron and Cuyahoga Falls, with access to SR 8, SR 261, and the surrounding Akron market. Zoning is U-3 - Akron.
The property occupies approximately 0.62 acres across two parcels, with frontage along N. Main Street. A newly paved asphalt parking lot serves the building, while cleared land provides room for expanded parking. The site is positioned between Downtown Akron and Cuyahoga Falls, with access to SR 8, SR 261, and the surrounding Akron market. Zoning is U-3 - Akron.
Key Highlights
- Approximately 5,646 square feet on approximately 0.62 acres
- Renovated during 2025–2026 with new lighting, paint, heater, and exterior building lighting
- Retail, garage, office, and reception areas within one commercial building
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
$50,733
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
7.81%
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%
$1,014,660
$1.0M
Cap Rate 7%
$724,757
$724.8K
Cap Rate 9%
$563,700
$563.7K
Market Conditions
NOI Build-Up for 5,646 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
$81.3K $14.40/SF
− Vacancy
−$3.3K −$0.58/SF
EGI
$78.1K $13.82/SF
− OpEx
−$27.3K −$4.84/SF
NOI
$50.7K $8.99/SF
Area
Akron, OH
Vacancy
4.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,014,660
Cap Rate 7%
$724,757
Cap Rate 9%
$563,700
Alternative Uses
Best Use
Retail
$910.7K
$796.8K – $1.06M
NOI $63,747 @ 7.0% cap · market cap 9.81%
Second Best
Flex RnD
$724.8K
$634.2K – $845.6K
NOI $50,733 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,991 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial building with retail, garage, office, and reception areas.
Where is this flex space located?
The property is located at 730 N Main St Akron, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 5,646 square feet on approximately 0.62 acres; Renovated during 2025–2026 with new lighting, paint, heater, and exterior building lighting; Retail, garage, office, and reception areas within one commercial building
