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    1350 Kelly Ave Akron, OH 44306

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    1350 Kelly Ave Akron, OH 44306

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    • Truck terminals
    • 17,004 SF
    • 10.09 lot acres
    For Lease
    View Listing →
    Industrial Property with Freeway Access For Lease
    Contact for pricing
    11,233 SF

    Industrial Property with Freeway Access

    8-acre industrial site with buildings and dock space for lease.

    1350 Kelly Ave, Akron, OH
    View Listing
    Property ID
    US66-1219483
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BUCKEYE WASTE INDUSTRIES / Trucking Company
    • CONDOR SERVICES CORPORATION / Freight Service / Logistics Company
    • The MOM Foundation / Charitable Organization

    Property Details for 1350 Kelly Ave

    Year built
    1950
    Lot size
    10.09 lot acres
    Property size
    17,004 SF
    Property type
    Truck terminals
    APN
    68-40409
    APU
    6840409

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4835
    Latitude
    41.0342
    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
    $21,438
    $96,650
    $107,460
    $204,110
    -
    $276,130
    $307,040
    $583,170

    Comparable in this City

    • Value Estimation
      $600,000
      4,962 SF

      1185 Kelly Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 4,962 SF
      1185 Kelly Ave, Akron, OH 44306-3529
      View Details
    • Value Estimation
      $865,000
      28,960 SF

      1650 Waterloo Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 28,960 SF
      1650 Waterloo Rd, Akron, OH 44306-4103
      View Details
    • Value Estimation
      $530,000
      13,980 SF

      1016 Triplett Blvd

      TRUCK TERMINAL (MOTOR FREIGHT) • 13,980 SF
      1016 Triplett Blvd, Akron, OH 44306-3007
      View Details
    • Value Estimation by Request
      11,550 SF

      1162 Rosemary Blvd, Unit 1172

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,550 SF
      1162 Rosemary Blvd, Akron, OH 44306-3752
      View Details
    • Value Estimation
      $610,000
      17,470 SF

      1100 Jenkins Blvd

      TRUCK TERMINAL (MOTOR FREIGHT) • 17,470 SF
      1100 Jenkins Blvd, Akron, OH 44306-3754
      View Details
    • Value Estimation
      $570,000
      32,859 SF

      1400 Archwood Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 32,859 SF
      1400 Archwood Ave, Akron, OH 44306-3210
      View Details

    Similar Nearby for Sale

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      150,000 SF

      Akron Industrial Build-to-Suit Opportunity

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      Warehouse/Manufacturing Facility For Sale

      Warehouse/Manufacturing facility with office and outside storage.
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    • $595,000
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      New Construction Automotive/Retail/Office Property

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      2,600 SF

      Akron Restaurant Property For Sale

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    Similar Nearby for Lease

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      66,243 SF

      Akron Warehouse with High Bay

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      11,233 SF

      Industrial Property with Freeway Access

      8-acre industrial site with buildings and dock space for lease.
      1350 Kelly Ave, Akron, OH 44306
      View Details
    • Contact for pricing
      194,000 SF

      Akron Warehouse Space Available

      194,000 square foot warehouse/industrial property for lease in Akron.
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      View Details
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      98,246 SF Industrial Building

      Industrial building with loading docks, drive-in, and freight elevator.
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      Retail Space in Akron, OH

      Retail space in a vibrant Akron location.
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      2,280 SF

      Freestanding Building on Waterloo Road

      Freestanding retail building with frontage on 1.73 acres.
      926 E Waterloo Rd, Akron, OH 44306
      View Details
    View Listing
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    Akron, OH 44306
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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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