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Property profile & analytics

1025 Broadway St Akron, OH 44311

  • Showrooms
  • 45,386 SF
  • 0.34 lot acres
For Lease
Last Sale
Apr 03, 2023
$2,000,000
Value Estimations
$2,230,000
Cap Rate Potential
Location Intelligence
Property ID
US66-2201065
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

  • Broadway Self Storage / Records Storage Facility / Storage Facility
  • Growspectra / Lighting Store
  • 2L Ellegance / Commercial Cleaning Service
  • JM Robinson Photography / Photographer

Property Details for 1025 Broadway St

Year built
1919
Lot size
0.34 lot acres
Property size
45,386 SF
Property type
Showrooms
APN
67-02553
APU
6702553

Description

This unique Akron property at 1025 S Broadway St offers 11,000 square feet of immediately available office space in a 60,000 square foot building. The building, situated on a 0.51-acre lot, is a four-story structure built in 1919 and renovated in 2016, boasting a Class C rating. The space is adaptable for various uses, including traditional office, executive office, coworking, creative office, and even warehouse space, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 11,000 square feet. The building features multiple tenants and offers convenient amenities such as 20+ parking spaces and elevators. Security is enhanced with security cameras and motion detectors throughout, along with keypad/key entry to the first floor. The property is located in the Akron submarket of Summit County, Ohio, with easy access to South Main St. The building includes common area bathrooms and a kitchen. While the building has a history as a self-storage facility (basement and fourth floor), the available space is ideal for a variety of office configurations. Landlord is seeking short-term tenants (24-month leases). The property's APN is 6702553, 6805964, and the zip code is 44311. High ceilings and competitive pricing make this an attractive opportunity. Some space is move-in ready.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,380,000
    ML approach
    $2,110,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,785,000
    Market price range: $1.34M - $5.46M
    AI Estimate
    $2,897,000
    Market price range: $1.67M - $8.39M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $3,030,000
    Current use
    OFFICE BUILDING
    $3,650,000
    Change: +20% Conversion: Easy
    APARTMENT HOUSE (5+ UNITS)
    $3,090,000
    Change: +2% Conversion: Moderate
    RETAIL STORES
    $2,580,000
    Change: -15% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Akron
County
Summit
State
Ohio
Longitude
-81.527
Latitude
41.0586
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
$16,408
$8,330
$149,180
$157,510
-
$23,800
$426,240
$450,040
More about this property
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