Property profile

1493 Arlington St 1515 Akron, OH 44306

OFF-MARKET
Community centers
Property ID
US66-2756376
11,400 SF 1.59 ac lot Built 1986
Individually Owned 4-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Medical Clinic

Location

1493 Arlington St, Unit 1515 Akron, OH 44306-3831
Akron metro Census 503800 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2022
Last sale
$1.1M
5 recorded transactions
2022
Price N/A
2021
Price N/A
2021
$1.1M
2020
$496,100
2005
$895,275

Zoning & alternative use

Top alternative use upside
Medical building $1.2M +16.7%
Restaurant $1.2M +13.5%
Auto repair, garage $1.1M +6.7%

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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