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    1733 Massillon Rd Akron, OH 44312

    • Specialty properties
    • 1.82 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clearview United Methodist Church / United Methodist Church

    Property Details for 1733 Massillon Rd

    Lot size
    1.82 lot acres
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 6,600 square foot former church building presents a unique investment opportunity in Akron, Ohio. Situated on a generous 1.82-acre lot encompassing two parcels, this property boasts a prime location just off the intersection of Massillon Road and Krumroy Road. The building itself is in excellent condition and features a fully air-conditioned interior, a complete kitchen, multiple classrooms ideal for various uses, and a welcoming reception area. Zoned C-2 Community Commercial District, this versatile space offers ample potential for a wide range of commercial ventures. The substantial lot size provides extensive parking, a significant advantage for any business. The property's existing infrastructure, including the kitchen and classrooms, significantly reduces initial setup costs for prospective buyers. This is a rare opportunity to acquire a well-maintained, spacious building in a high-traffic area with significant development potential. The address is 1733 Massillon Rd, Akron, OH 44312, within Summit County. The asking price is $349,000.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4629
    Latitude
    41.0145

    Comparable in this City

    • Value Estimation by Request
      1,451 SF

      1724 Krumroy Rd

      Churches & religious facilities • 1,451 SF
      1724 Krumroy Rd, Akron, OH 44312
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      22,611 SF

      547 Canton Rd

      FUNERAL HOME • 22,611 SF
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      0.14 Acres

      Brittain Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.14 Acres
      Brittain Rd, Akron, OH 44312
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    • Value Estimation by Request
      1.12 Acres

      Fir Hl

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1.12 Acres
      Fir Hl, Akron, OH 44312
      View Details
    • Value Estimation by Request
      1,208 SF

      3625 Carper Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1,208 SF
      3625 Carper Ave, Akron, OH 44312-3609
      View Details
    • Value Estimation by Request
      0.64 Acres

      North St

      Land • 0.64 Acres
      0 North St, Akron, OH 44312
      View Details

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    1733 Massillon Rd
    Akron, OH 44312
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    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.

    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
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