1750 Waterloo Rd Akron, OH 44306-4104
Property Lookup
Property profile & analytics
1750 Waterloo Rd Akron, OH 44306-4104
- Retail space
- 5,920 SF
- 1.04 lot acres
Property ID
US66-6289512
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
- Majestic Trailer & Hitch / Car Dealership
Property Details for 1750 Waterloo Rd
- Year built
- 1996
- Lot size
- 1.04 lot acres
- Property size
- 5,920 SF
- Property type
- Retail space
- APN
- 68-40479
- APU
- 6840479
Description
This Akron, Ohio warehouse offers a compelling investment opportunity. The property, totaling 9,904 square feet on a 6.2-acre lot, is currently 100% occupied by Majestic Trailer & Hitch under a new 10-year absolute NNN lease commencing September 17, 2024, and expiring October 1, 2034, with two 5-year renewal options and 2% annual rent increases. The lease provides a strong personal guaranty exceeding $8.5 million in net worth. The property boasts a 7.50% cap rate and a $300,000 annual net operating income (NOI). Built in 2001, the property includes two buildings and benefits from excellent visibility and frontage on E Waterloo Rd (32,580 vehicles per day), less than a mile from I-77 (116,793 VPD). The tenant historically generates $7-8 million in annual revenue. A 2022 environmental site assessment and property condition report are available. The property's location offers affluent demographics, with an average household income exceeding $75,000 within a one-mile radius and a population exceeding 148,000 within a five-mile radius. The site is permitted for the retail sale of commercial trailers, parts, and service, and is near numerous national retailers and residential apartments. The asking price is $4,000,000, representing a land value of $14.81 per square foot. The tenant is completing a $3.8 million debt payoff in 2024, resulting in an anticipated annual operating expense reduction of approximately $300,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,375,000
- ML approach
- $2,375,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.4652
- Latitude
- 41.0258
- 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
$10,654
$18,290
$95,280
$113,570
-
$52,250
$272,240
$324,490
