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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 Union St Akron, OH 44304

    • Office Properties & Spaces
    • 1.60 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2087014
    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.

    Current Use by Public Records

    • StoneKap, LLC / Video Production Service
    • red point / Video Production Service / Video Editing Service
    • Legion Media Group LLC / Video Production Service / Film Production Company
    • Steelyard Studios / Graphic Designer
    • ipsoCreative / Video Production Service / Website Designer

    Property Details for 190 Union St

    Lot size
    1.60 lot acres
    Property type
    Office Properties & Spaces
    APN
    68-61001
    APU
    6861001

    Description

    This meticulously maintained, four-story Class B office building, totaling 59,037 square feet, presents a unique leasing opportunity in Akron's vibrant Union Point submarket. Built in 1920 and extensively renovated in 1995, the property offers a blend of traditional and modern aesthetics, suitable for a variety of office uses, including traditional, executive, and creative office spaces. Currently, 4,310 square feet are available for lease across multiple tenancies. The building features high ceilings (18 feet), providing ample natural light and a spacious feel. The property boasts 95 parking spaces and a secure environment with surveillance in the lobby and parking lot. One notable feature is a two-story office condo complete with a full kitchen and a bathroom including a shower. Situated on 0.22 acres of land in Summit County, this building offers convenient access to the amenities and infrastructure of the Cleveland-Akron submarket cluster. The building's modern interior design and well-maintained exterior create an attractive and functional workspace. This is an exceptional opportunity to secure office space in a desirable Akron location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5037
    Latitude
    41.0866
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      374 SF

      190 Un St, Unit 18

      CONDOMINIUM OFFICES • 374 SF
      190 Un St, Akron, OH 44304-1369
      View Details
    • Value Estimation
      $265,000
      1,241 SF

      190 Un St, Unit 21

      CONDOMINIUM OFFICES • 1,241 SF
      190 Un St, Akron, OH 44304-1369
      View Details
    • Value Estimation
      $255,000
      3,254 SF

      190 Un St, Unit 10

      CONDOMINIUM OFFICES • 3,254 SF
      190 Un St, Akron, OH 44304-1369
      View Details
    • Value Estimation
      $220,000
      770 SF

      190 Un St, Unit 17

      CONDOMINIUM OFFICES • 770 SF
      190 Un St, Akron, OH 44304-1369
      View Details
    • Value Estimation
      $255,000
      182 SF

      190 Un St, Unit 20

      CONDOMINIUM OFFICES • 182 SF
      190 Un St, Akron, OH 44304-1369
      View Details
    • Value Estimation
      $285,000
      1,382 SF

      190 Un St, Unit 8

      CONDOMINIUM OFFICES • 1,382 SF
      190 Un St, Akron, OH 44304-1369
      View Details

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      59,037 SF

      Akron Office Building For Lease

      Prime Akron Office Space, Multiple Tenancies
      190 Union St, Akron, OH 44304
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    190 Union St
    Akron, OH 44304
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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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