Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    877 Home Ave Akron, OH 44310
    Back to Search
    Property profile & analytics

    877 Home Ave, Akron, OH 44310

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Summit Wall Solutions, LLC / Building Supply / Industrial Manufacturer

    Property Details for 877 Home Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional opportunity presents two newly renovated, single-tenant flex spaces located within the Home Avenue Business Park in Akron, Ohio. The available units, situated at 862 and 877 Home Ave, offer a blend of office and warehouse space, perfectly suited for a variety of businesses. Each unit boasts approximately 1,100 to 1,200 square feet of space, featuring a convenient drive-in bay door (10' x 12') for easy loading and unloading. The property is situated in Summit County, offering convenient access to major transportation routes including Route 8, I-76, and I-77. The business park itself is professionally managed and provides ample parking for tenants and their clients. The spaces are in excellent condition and are move-in ready. Please note that the listed rate may not encompass all utilities, building services, and property expenses. This is an ideal location for businesses seeking efficient and well-maintained flex space in a prime Akron location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.488
    Latitude
    41.0948

    Comparable in this City

    • Value Estimation by Request
      8,680 SF

      924 Home Ave

      LIGHT INDUSTRIAL
      924 Home Ave, Akron, OH 44310-4108
      View Details
    • Value Estimation by Request
      4,330 SF

      375 12th Cuyahoga St

      LIGHT INDUSTRIAL
      375 12th Cuyahoga St, Akron, OH 44310-2852
      View Details
    • Value Estimation by Request
      7,023 SF

      1210 Devalera St

      LIGHT INDUSTRIAL
      1210 Devalera St, Akron, OH 44310-2418
      View Details
    • Value Estimation
      $1,320,000
      26,728 SF

      1277 Devalera St

      LIGHT INDUSTRIAL
      1277 Devalera St, Akron, OH 44310-2454
      View Details
    • Value Estimation
      $585,000
      12,960 SF

      1056 Home Ave

      LIGHT INDUSTRIAL
      1056 Home Ave, Akron, OH 44310-3502
      View Details
    • Value Estimation by Request
      1,071 SF

      661 Layden Ave

      LIGHT INDUSTRIAL
      661 Layden Ave, Akron, OH 44310-2426
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,750 SF

      Akron Industrial Property For Sale

      28,750 SF industrial property on 1.50 acres.
      810 Moe Dr, Akron, OH 44310
      View Details
    • $1,500,000

      20,688 SF Facility on 4.1 Acres

      20,688 SF facility with warehouse, office, and large lot.
      1416 Piedmont Ave, Akron, OH 44310
      View Details
    • Contact for pricing
      28,000 SF

      Fully Leased Akron Mixed-Use Building

      28,000 SF office and retail building on 2 acres.
      1717 Brittain Rd, Akron, OH 44310
      View Details
    • Contact for pricing
      108,743 SF

      Established Retail Location For Sale

      High-traffic retail corridor with a long-term operating history.
      1677 Home Ave, Akron, OH 44310
      View Details
    • $39,900
      0.35 Acres

      Akron Land For Sale

      0.35 acre commercial land available in Akron, Ohio.
      Independence Ave, Akron, OH 44310
      View Details
    • Contact for pricing
      4,860 SF

      Akron Quadplex with Upside Potential

      Well-maintained Akron quadruplex featuring a strong unit mix.
      539 E Cuyahoga Falls Ave, Akron, OH 44310
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Industrial Flex Unit in Akron

      2,500 SF industrial flex unit near Route 8 and 261.
      1340 Home Ave, Akron, OH 44310
      View Details
    • $7 SF/Yr

      Akron Industrial Flex Unit

      5,000 SF industrial flex unit in Akron available for rent.
      1340 Home Ave, Akron, OH 44310
      View Details
    • $6 SF/Yr

      Renovated Flex Space in Akron

      8,900 SF industrial/office flex space for lease.
      1350 Home Ave, Akron, OH 44310
      View Details
    • $7 SF/Yr

      Industrial Flex Unit in Akron

      5,814 SF industrial flex unit near Route 8.
      1350 Home Ave, Akron, OH 44310
      View Details
    • $7 SF/Yr

      Akron Warehouse with Office Space

      Warehouse with office space available for lease in Akron.
      1340 Home Ave, Akron, OH 44310
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Highly visible retail pad site with great access for rent.
      530 E Tallmadge Ave, Akron, OH 44310
      View Details
    Request Owner's contact information
    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.
    877 Home Ave
    Akron, OH 44310
    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
    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

    Thank You for Inquiry
    877 Home Ave, Akron, OH, 44310
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!