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    Property profile & analytics

    441 Wolf Ledges Pkwy Akron, OH 44311

    • Office buildings
    • 39,258 SF
    • 1.60 lot acres
    For Sale
    View listing
    $2,395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0035424
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fair Housing Contact Service Inc / Non-Profit Organization / Charity
    • Presper Financial Architects / Financial Planner
    • partners environmental / Association / Organization
    • Summit County Community Partnership / Non-Governmental Organization
    • KCI Akron / Corporate Office

    Property Details for 441 Wolf Ledges Pkwy

    Year built
    1980
    Lot size
    1.60 lot acres
    Property size
    39,258 SF
    Property type
    Office buildings
    APN
    67-35236
    APU
    6735236

    Description

    This exceptional Akron, Ohio office complex, located at 441 Wolf Ledges Parkway, presents a compelling value-add investment opportunity. The single, four-story building encompasses 39,258 square feet on a 1.6-acre lot, offering ample space for a variety of uses. Originally constructed in 1980, the property has undergone significant renovations in 2011, 2015, 2016, 2017, and 2018, including a new roof (2018) and a complete HVAC replacement and upgrade (2011 & 2018). The building features double-hung plate glass windows, an ADA-accessible elevator providing access to all floors, and conveniently located restrooms on each floor. The property is zoned U4 - Commercial and benefits from a tenant improvement allowance. Situated in a designated Opportunity Zone and HUBZone, this prime location offers easy access to downtown Akron, I-77/76 & SR 8, restaurants, hospitals, and the University Park District. The asking price is $2,395,000 ($61.01/sq ft). A significant advantage is the rare availability of free parking for 88 vehicles in downtown Akron. The building is owner-occupied and meticulously maintained, reflecting over a million dollars invested in upgrades, maintenance, and tenant improvements. This multi-tenant property presents a unique opportunity for owner-users seeking a well-maintained, strategically located office space with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,317,000
      Market price range: $912k - $2.23M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5197
    Latitude
    41.0715
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,170
    $56,000
    $469,690
    $525,690
    -
    $160,000
    $1,341,980
    $1,501,980

    Comparable in this City

    • Value Estimation by Request
      3,062 SF

      810 Main St

      OFFICE BUILDING • 3,062 SF
      810 Main St, Akron, OH 44311-1518
      View Details
    • Value Estimation
      $560,000
      14,520 SF

      348 Main St, Unit 354

      OFFICE BUILDING (MULTI-STORY) • 14,520 SF
      348 Main St, Akron, OH 44311-1014
      View Details
    • Value Estimation by Request
      9,496 SF

      495 Wolf Ledges Pkwy

      OFFICE BUILDING • 9,496 SF
      495 Wolf Ledges Pkwy, Akron, OH 44311-1084
      View Details
    • Value Estimation
      $1,010,000
      9,920 SF

      720 Wolf Ledges Pkwy

      OFFICE BUILDING • 9,920 SF
      720 Wolf Ledges Pkwy, Akron, OH 44311-1521
      View Details
    • Value Estimation
      $895,000
      9,312 SF

      840 Main St

      OFFICE BUILDING • 9,312 SF
      840 Main St, Akron, OH 44311-2043
      View Details
    • Value Estimation
      $685,000
      19,200 SF

      662 Wolf Ledges Pkwy

      OFFICE BUILDING • 19,200 SF
      662 Wolf Ledges Pkwy, Akron, OH 44311-1511
      View Details

    Similar Nearby for Sale

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      Wolf Ledges Parkway Office Complex

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    • $175,000
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    Similar Nearby for Lease

    • $2,395,000
      2,140 SF

      Office Building with Recent Upgrades

      Four-story office building featuring recent renovations and accessibility features.
      411 Wolf Ledges Pkwy, Akron, OH 44311
      View Details
    • $21 SF/Yr
      147,483 SF

      Class A Office Space Available

      Modern Class A office space in downtown Akron with amenities.
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      View Details
    • Contact for pricing
      15,119 SF

      Modern Office Building Near Downtown

      Office building with quick highway access and long-term tenancy history.
      450 Grant St, Akron, OH 44311
      View Details
    • $2,395,000
      1,124 SF

      Downtown Akron Property with Parking

      Rare free parking in downtown Akron near University Park District.
      441 Wolf Ledges Pkwy, Akron, OH 44311
      View Details
    • $2 SF/Yr
      17,651 SF

      Akron Mixed-Use Complex Space

      Office and warehouse/flex spaces in prime Akron location.
      520 S Main St, Akron, OH 44311
      View Details
    • $13 SF/Yr
      1,070,000 SF

      Downtown Akron Office Sublease

      Built-out, divisible office space near downtown Akron with open layout.
      540 S Main St, Akron, OH 44311
      View Details
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    Akron, OH 44311
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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.

    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
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