Technical
Financial
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Property profile

148 Miller Ave Akron, OH 44301

OFF-MARKET
Commercial real estate
Property ID
US66-2704721
3,201 SF 1.94 ac lot Built 1930
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, two-building complex situated on a 1.396-acre lot in Akron, Ohio. The property features a charming, 13,141 square foot, two-story office building constructed in 1930, boasting rich period finishes, including operational safes and vaults. Recent upgrades include new air conditioning units (2014/2018) and 20-year warranty roofs (2018). Security features are comprehensive, encompassing an electric gate opener, ADT security system, and a Swan 6-camera monitoring system. Modern infrastructure is in place with fiber optics and Cat6/coax cabling. The property also includes 23 self-storage units, ranging in size from 8'x20' to 12'x30', totaling 7,071 square feet. The office space comprises 6,070 square feet, and the property includes two restrooms. Currently leased through December 31, 2024, this property offers a strong return on investment. The property is zoned U-5 Ordinary Industry and is conveniently located just east of S. Main St. and Broadway St., approximately half a mile from I-76. The asking price is $480,000, with 2020 taxes totaling $7,834.18. The land value is $36.53 per square foot. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Akron location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 3,201 SF
Lot 1.94 ac (84,506 SF)
APN 67-62474
UPID US66-2704721

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company

Location

148 Miller Ave Akron, OH 44301-1349
Akron metro Census 506800 AKRON, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2008
2 recorded transactions
2008
$437,500
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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