Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    599 Noble Ave Akron, OH 44320
    Back to Search
    Property profile & analytics

    599 Noble Ave, Akron, OH 44320

    View on Map
    • Specialty properties
    • 8,579 SF
    • 0.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 599 Noble Ave

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

    Description

    This exceptional 8,579 square foot former church building presents a unique redevelopment opportunity in Akron, Ohio. Situated on a sizable 0.72-acre lot, this property offers significant potential for a variety of uses. Its prime location within a thriving retail corridor provides excellent visibility and accessibility. Nearby established businesses include Dollar Tree, Dollar General, Family Dollar, and Little Caesars, indicating a strong commercial presence in the immediate area. The property's proximity to the Akron Zoo (approximately 0.65 miles) and downtown Akron (1.5 miles) further enhances its appeal. The building's substantial size and versatile layout make it suitable for a range of projects, including community centers, outreach facilities, or even a public park. The asking price is $250,000, representing a compelling investment opportunity for developers and entrepreneurs seeking a high-impact project in a desirable location. The property is located at 599 Noble Ave, Akron, OH 44320, in Summit County. This is a rare chance to acquire a significant property with substantial redevelopment potential in a well-established Akron neighborhood.

    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
    -81.5532
    Latitude
    41.0817

    Comparable in this City

    • Value Estimation by Request
      4,402 SF

      1260 Collier Rd

      FUNERAL HOME
      1260 Collier Rd, Akron, OH 44320-2408
      View Details
    • Value Estimation by Request
      6,510 SF

      1695 Diagonal Rd

      FUNERAL HOME
      1695 Diagonal Rd, Akron, OH 44320-4001
      View Details
    • Value Estimation
      $1,155,000
      10,781 SF

      970 Copley Rd

      DEPARTMENT STORE
      970 Copley Rd, Akron, OH 44320-2939
      View Details
    • Value Estimation by Request
      1,898 SF

      1565 Collier Rd

      NURSERY, GREENHOUSE, FLORIST
      1565 Collier Rd, Akron, OH 44320-2413
      View Details
    • Value Estimation by Request
      2,400 SF

      539 East Ave

      Retail properties & Spaces
      539 East Ave, Akron, OH 44320
      View Details
    • Value Estimation by Request
      4,483 SF

      590 Diagonal Rd

      NURSERY, GREENHOUSE, FLORIST
      590 Diagonal Rd, Akron, OH 44320-3010
      View Details

    Similar Nearby for Sale

    • $155,000
      2,400 SF

      Akron Retail Space & Apartment

      Downtown Akron Investment Opportunity
      539 East Ave, Akron, OH 44320
      View Details
    • Contact for pricing
      1,823 SF

      Former Restaurant with Drive-Thru

      Prime commercial space with drive-thru near Amazon distribution center.
      2522 Romig Rd, Akron, OH 44320
      View Details
    • Contact for pricing

      Retail Space on Romig Road

      Retail space available for sale in Akron, Ohio.
      2086 Romig Rd, Akron, OH 44320
      View Details
    • $3,698,500
      16,750 SF

      Turnkey Automotive Dealership Opportunity

      Former automotive dealership with industrial outdoor storage on 4.65 acres.
      1501 Vernon Odom Blvd, Akron, OH 44320
      View Details
    • $159,900
      0.52 Acres

      Akron Commercial Building For Sale

      Highly visible corner location with diverse potential uses.
      1707 Vernon Odom Blvd, Akron, OH 44320
      View Details
    • Contact for pricing
      10,645 SF

      Family Dollar Net Lease Opportunity

      10,645 SF Family Dollar in Akron, OH for sale.
      970 Copley Rd, Akron, OH 44320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Strip Center Opportunity

      Multi-tenant strip center available for sale and lease.
      2086 Romig Rd, Akron, OH 44320
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Easily accessible retail space with ample parking and great visibility.
      1525 S Hawkins Ave, Akron, OH 44320
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space on South Hawkins

      Retail space available on South Hawkins near Wooster Road.
      1559-1571 S Hawkins Ave, Akron, OH 44320
      View Details
    • Contact for pricing

      Prime Retail Space Available

      5,940 sq ft retail space in high-traffic location.
      1505-1511 South Hawkins Ave, Akron, OH 44320
      View Details
    • Contact for pricing

      Akron Retail Building for Lease

      7,939 SF retail building available for lease in Akron.
      1621 Frederick Blvd, Akron, OH 44320
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Office Space For Lease

      Retail or office space available with parking and signage.
      2495 Romig Rd, Akron, OH 44320
      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.
    599 Noble Ave
    Akron, OH 44320
    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
    599 Noble Ave, Akron, OH, 44320
    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!