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    1532 East Market St, Unit Akron OH USA Akron, OH 44305
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    1532 East Market St, Unit Akron OH USA, Akron, OH 44305

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    • Automotive properties
    • 1,681 SF
    • 0.20 lot acres
    For Sale
    $399,000
    View Listing →
    E. Market Street Commercial Buildings For Sale
    $399,000
    5,681 SF

    E. Market Street Commercial Buildings

    Two commercial buildings on 0.59 acres near I-76.

    1532 - 1554 East Market Street, Akron, OH, USA, Akron, OH 44305
    View Listing
    Property ID
    US66-0928076
    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

    • AList Promos / Marketing & Advertising
    • Avery Auto Sales / Car Dealership
    • Artwork Guidelines - ZapPromos.com / Marketing & Advertising / Advertising Agency

    Property Details for 1532 East Market St

    Year built
    1958
    Lot size
    0.20 lot acres
    Property type
    Automotive properties
    APN
    68-19335
    APU
    6819335

    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
    -81.473
    Latitude
    41.0628
    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
    $3,045
    $9,060
    $20,690
    $29,750
    -
    $25,880
    $59,120
    $85,000

    Comparable in this City

    • Value Estimation
      $2,870,000
      17,432 SF

      1481 Market St

      VEHICLE SALES, RENTALS
      1481 Market St, Akron, OH 44305-4038
      View Details
    • Value Estimation
      $1,840,000
      47,064 SF

      1395 Market St

      VEHICLE SALES, RENTALS
      1395 Market St, Akron, OH 44305-4036
      View Details
    • Value Estimation
      $6,450,000
      25,740 SF

      1361 Market St

      VEHICLE SALES, RENTALS
      1361 Market St, Akron, OH 44305-4035
      View Details
    • Value Estimation by Request
      480 SF

      124 Case Ave

      VEHICLE SALES, RENTALS
      124 Case Ave, Akron, OH 44305-2536
      View Details
    • Value Estimation by Request
      2,058 SF

      1591 Market St

      VEHICLE SALES, RENTALS
      1591 Market St, Akron, OH 44305-4244
      View Details
    • Value Estimation by Request
      2,960 SF

      48 Willard St

      VEHICLE SALES, RENTALS
      48 Willard St, Akron, OH 44305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,681 SF

      E. Market Street Commercial Buildings

      Two commercial buildings on 0.59 acres near I-76.
      1532 East Market St, Akron, OH 44305
      View Details
    • Contact for pricing
      3,591 SF

      Prime Akron QSR with Drive-Thru

      3,591 SF Restaurant on 2.52 Acres
      2695 Gilchrist Rd, Akron, OH 44305
      View Details
    • $249,000
      2,742 SF

      Akron Retail Building For Sale

      2,742 SF building on 0.25 AC in Akron.
      1744 Goodyear Blvd, Akron, OH 44305
      View Details
    • $4,900,000
      66,000 SF

      Mixed-Use Building in East Market

      66,000+ SF mixed-use asset with immediate equity potential.
      797 E Market St, Akron, OH 44305
      View Details
    • $100,000
      0.10 Acres

      Akron Retail/Office Opportunity

      High-traffic location with potential for retail or office use.
      359 Eastland Ave, Akron, OH 44305
      View Details
    • Contact for pricing
      13,700 SF

      Akron Industrial Building For Sale

      Industrial building suitable for manufacturing, logistics, or contractor operations.
      520 N Arlington St, Akron, OH 44305
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Downtown Akron

      9,540 SF retail space, close to downtown Akron and Route 8.
      19 N Arlington St, Akron, OH 44305
      View Details
    • Contact for pricing
      5,490 SF

      Retail/Office Space with Ample Parking

      Well-managed retail or office space in established area.
      2126 Eastwood Ave, Akron, OH 44305
      View Details
    • Contact for pricing

      Former CVS Retail Space Available

      10,105 SF retail space on 1.12 acres for lease.
      780 Brittain Rd, Akron, OH 44305
      View Details
    • Contact for pricing

      Retail Space Near Downtown Akron

      9,540 SF retail space, close to downtown Akron.
      19 N Arlington St, Akron, OH 44305
      View Details
    • Contact for pricing

      Industrial Complex Near I-76

      530,000 SF multi-tenant industrial complex, ideal for distribution or manufacturing.
      2700 Gilchrist Rd, Akron, OH 44305
      View Details
    • Contact for pricing
      9,030 SF

      Akron Warehouse with Office Space

      9,030 SF warehouse with office on 0.53 acres.
      1903 E Market St, Akron, OH 44305
      View Details
    View Listing
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    Akron, OH 44305
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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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