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    Property profile & analytics
    OFF-MARKET Estimated value $1,110,000
    Community centers

    1493 Arlington St 1515, Akron, OH 44306-3831

    11,400 SF 1.59 ac lot Built 1986
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US66-2756376
    Property summary
    AI-generated overview

    This exceptional 10,400 square foot medical office building, formerly occupied by Spero Health, presents a unique investment opportunity in Akron, Ohio. Located at 1493 S Arlington St, near E. Waterloo, in Summit County, this single-tenant property offers 3,120 square feet of immediately available space. The building underwent a complete remodel in 2021, boasting a modern and efficient layout perfectly suited for a variety of healthcare practices. The existing space includes numerous private offices, well-appointed exam rooms, a welcoming reception area, a functional conference room for meetings and consultations, and a comfortable break room for staff. The property's convenient location in Akron, Ohio, offers excellent accessibility for patients and staff alike. With its updated interior and prime location, this building is ready for immediate occupancy and presents a strong potential for return on investment. The property is zoned for medical office use and is situated in a thriving area of Akron. The 7,280 square feet currently occupied presents a stable income stream, while the vacant 3,120 square feet provides significant expansion potential or the opportunity to lease to a complementary healthcare provider. This is an excellent opportunity to acquire a well-maintained, modern medical office building in a desirable location. The property's zip code is 44306.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1986
    Total area 11,400 SF
    Lot 1.59 ac (69,086 SF)
    APN 67-56213
    UPID US66-2756376
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Spero Health Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.11M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.51M
    Blend (final) Blend
    $1.11M
    Owner & transaction history
    Zoran Matejin · 4 yrs held
    Zoran Matejin
    since 2022
    Last sale
    $1.1M
    5 recorded transactions
    2022
    2021
    2021
    $1.1M
    2020
    $496,100
    2005
    $895,275
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.2M +16.7%
    Restaurant $1.2M +13.5%
    Auto repair, garage $1.1M +6.7%
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