1677 Home Ave Akron, OH 44310
Property Lookup
Property profile & analytics
1677 Home Ave Akron, OH 44310
- Retail space
- 107,704 SF
- 10.13 lot acres
Property ID
US66-1224613
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.
Location Intelligence
Current Use by Public Records
- BJ's Gas Station / Gas Station
- BJ's Bakery / Bakery / Specialty Food Shop
- BJ's Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store
- BJ's Wholesale Club / Grocery & Convenience Store / Food Market
- AT&T Store / Telecommunications Service
Property Details for 1677 Home Ave
- Year built
- 1998
- Lot size
- 10.13 lot acres
- Property size
- 107,704 SF
- Property type
- Retail space
- APN
- 67-60839
- APU
- 6760839
Description
This exceptional investment opportunity presents a fee-simple ownership of a 108,510 square foot BJ's Wholesale Club, including a gas station, situated on a 10.57-acre lot in Akron, Ohio. The property boasts a strong 22-year operating history with BJ's Wholesale Club (NYSE: BJ), a publicly traded company with a S&P BB+ credit rating, and a recently executed 5-year lease extension. The current lease, a triple-net (NN) agreement with a corporate guarantee, has approximately 3.7 years remaining, followed by three 5-year options with a 6% rent increase at each option. The asking price is $15,212,840, representing a 7.25% cap rate and a price per square foot of $140.20. The property generates a substantial net operating income (NOI) of $1,102,931 annually. Built in 1998, this strategically located storefront enjoys high visibility and accessibility along a major retail corridor (Home Ave, 12,233 vehicles per day), with close proximity to Highway 59 (97,267 VPD) and Howe Avenue (33,536 VPD). Its adjacency to the Plaza at Chapel Hill shopping center and Chapel Hill Business Park further enhances its desirability. The property benefits from a stable and dense demographic base and an established local customer base. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a long-term, secure lease. The property's APN is 67-60839.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,621,000
- AI Estimate
- $9,549,000
Market price range: $2.30M - $6.62MMarket price range: $3.10M - $9.55M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $11,745,000
- RESTAURANT
- $11,425,000
- AUTO REPAIR, GARAGE
- $10,740,000
- NEIGHBORHOOD: SHOPPING CENTER
- $10,065,000
- OFFICE BUILDING
- $8,665,000
- COMMERCIAL (GENERAL)
- $8,090,000
- APARTMENT HOUSE (5+ UNITS)
- $7,330,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.4826
- Latitude
- 41.1159
- 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
$271,367
$429,010
$2,839,070
$3,268,080
-
$1,225,730
$8,111,620
$9,337,350
