Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1199 Turkeyfoot Lake Rd Akron, OH 44312

    Sponsored
    For Sale
    $329,000

    1.88 Acres, High Traffic, B-1 Zoning

    Property size:
    820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    Exceptional commercial land opportunity in Akron, Ohio, awaits! This 1.88-acre parcel, located at 1199 E Turkeyfoot Lake Rd, boasts unparalleled visibility and accessibility. The property features significant frontage on both I-77 (225 feet) and SR 619 (140 feet), resulting in exposure to over 108,000 vehicles daily on I-77 and over 11,000 on SR 619. This high-traffic location ensures maximum brand visibility and customer reach. The land is zoned B-1 General Business District, allowing for a wide range of retail and office developments. The 820 square foot lot, built in 1946, presents a blank canvas for developers seeking a prime location with excellent signage capabilities. The property's APN is 2802191. This is an ideal investment for businesses seeking high visibility and convenient access for customers. The asking price is $329,000. Don't miss this chance to secure a highly desirable commercial property in a thriving area. This is a rare opportunity to capitalize on a location with exceptional traffic counts and zoning flexibility.

    Property Features for 1199 Turkeyfoot Lake Rd

    General Information

    Property type
    Land
    Square Feet
    820 SF
    Lot Size
    81,893 SF

    Building Details

    Year Built
    1946
    Stories
    1

    We can help!

    Listing Contact
    Ed Jesson
    Ed Jesson

    Learn more

    Property Insight Report

    HighLights

    • $329,000 asking price.
    • 1.88‑acre land parcel.
    • 820 square feet.
    • B‑1 General Business zoning.
    • High‑traffic location with I‑77 and SR 619 frontage.
    • APN 2802191.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Dog's Life Pet Groomer

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4804415
    Latitude
    40.9747512

    Nearby Similar for Sale

    • $549,900
      0.64 Acres

      Historic Akron Office Building

      Historic building in West Akron, suitable for office or conversion.
      697 W Market St, Akron, OH 44303
      View Details
    • $278,000
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex in Akron's sought-after Portage Lakes area.
      206 Olivet Ave, Akron, OH 44319
      View Details
    • $299,000
      2,000 SF

      Akron Triplex with Garage

      Triplex in quiet neighborhood with garage and ample parking.
      61 Leicester Dr, Akron, OH 44319
      View Details
    • New
      $179,000
      1,508 SF

      Akron Duplex Investment Opportunity

      Duplex with 4 bedrooms and 2 bathrooms, full basement.
      1162-1164 Tonawanda Ave, Akron, OH 44305
      View Details
    • $130,000
      Pending

      Renovated Duplex Near Highland Square

      Turnkey duplex with modern upgrades and strong rental potential.
      525 Crosby St, Akron, OH 44302
      View Details
    • $225,000
      3,420 SF

      Multifamily Property on Large Lot

      Multifamily property with four units on 0.64 acres.
      6090 Manchester Rd, Akron, OH 44319
      View Details
    • $184,999
      2,040 SF

      Akron Multifamily Home with Suite

      Multifamily home with apartment suite, ideal for extended family.
      480 Wirth Ave, Akron, OH 44312
      View Details
    • $275,000
      0.16 Acres

      Established Bar in High-Traffic Akron

      Remodeled, dual-level bar with full kitchen in Akron, OH.
      350 E South St, Akron, OH 44311
      View Details
    • $184,999
      2,040 SF

      Akron Multifamily Property with Income Potential

      Multifamily property in Akron, OH, ideal for investors or homeowners.
      480 Wirth Ave, Akron, OH 44312
      View Details
    • New
      $70,000
      Pending

      Akron Duplex Near Summa Hospital

      Two-story duplex near Summa Hospital, downtown Akron, and University of Akron.
      115 Middlebury Ave, Akron, OH 44305
      View Details
    • New
      $309,900
      2,496 SF

      Akron Multifamily Investment Opportunity

      Four-unit brick property with long-term tenants and updates.
      2256 Maryland Ave, Akron, OH 44314
      View Details
    • $139,900
      Pending

      Akron Duplex with Bonus Unit

      Duplex with updated unit and additional income potential.
      655 Oxford Ave, Akron, OH 44310
      View Details

    FAQs

    What type of property is this?
    Land - 1.88 Acres, High Traffic, B-1 Zoning
    Where is this land located?
    The property is located at 1199 Turkeyfoot Lake Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: $329,000 asking price.; 1.88-acre land parcel.; 820 square feet.
    (330) 760-4494
    Request Owner's contact information
    1199 Turkeyfoot Lake Rd Akron, OH 44312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1199 Turkeyfoot Lake Rd
    Akron, OH 44312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1199 Turkeyfoot Lake Rd Akron, OH 44312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ed Jesson
    Ed Jesson
    Real Estate License ID: OH SAL.0000445027
    (330) 760-4494
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.