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    1912 Buchholzer Blvd, Unit 1952 Akron, OH 44310-1848
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    Property profile & analytics

    1912 Buchholzer Blvd, Unit 1952, Akron, OH 44310-1848

    View on Map
    • Community centers
    • 67,032 SF
    • 9.53 lot acres
    Off-Market
    Property ID
    US66-2750918
    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
    $6,355,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 8 Point Bistro / Restaurant

    Property Details for 1912 Buchholzer Blvd

    Year built
    1987
    Lot size
    9.53 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    67-55893
    APU
    6755893

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2015 $3,210,000 The Chen Family Akron L P 532 Acquisitions LLC Limited Warranty Deed —
    Dec 6, 2005 $6,800,000 532 Acquisition LLC Hannan Chapel Hill Associates Limited Warranty Deed $5.1M · Thrivent Financial For Lutherans

    Description

    This exceptional 72,268 square foot multi-tenant storefront property, located at 1912-1954 Buchholzer Blvd in Akron, Ohio (Summit County, zip code 44310), presents a compelling investment opportunity. Situated on a 10.27-acre lot (APN 6755893 & 6755891), this retail center enjoys a prime location at the high-traffic intersection of Howe Avenue and Buchholzer Boulevard, boasting over 33,000 vehicles per day (VPD). Its strategic position within the area's dominant retail corridor, just east of State Route 8 (with over 100,000 VPD), ensures exceptional visibility and accessibility. The property offers ample on-site parking for tenants and customers. Building and monument signage opportunities are available. This thriving retail center benefits from proximity to numerous national retailers, including Best Buy, Target, Home Depot, Sam's Club, Outback Steakhouse, Panera Bread, PetSmart, Starbucks, Dick's Sporting Goods, Michael's, Giant Eagle, and Five Guys. The property serves a substantial population base of over 225,000 within a five-mile radius. Competitive lease rates are available for retail and office spaces. This is an ideal investment for those seeking a high-traffic, well-located retail property in a strong market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,898,000
      Market price range: $2.01M - $8.90M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,265,000
      Current use
      MEDICAL BUILDING
      $7,310,000
      Change: +17% Conversion: Difficult
      RESTAURANT
      $7,110,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,685,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $5,390,000
      Change: -14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,035,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4728
    Latitude
    41.1154
    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
    $137,679
    $498,650
    $901,820
    $1,400,470
    -
    $1,424,700
    $2,576,620
    $4,001,320

    Comparable in this City

    • Value Estimation
      $1,445,000
      14,440 SF

      1896 Buchholzer Blvd, Unit 1906

      MINI-MALL
      1896 Buchholzer Blvd, Akron, OH 44310-4325
      View Details
    • Value Estimation
      $1,125,000
      12,590 SF

      1889 Brittain Rd, Unit 1955

      MINI-MALL
      1889 Brittain Rd, Akron, OH 44310-1843
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    • Value Estimation
      $570,000
      14,400 SF

      1502 Brittain Rd, Unit 1510

      MINI-MALL
      1502 Brittain Rd, Akron, OH 44310-3605
      View Details
    • Value Estimation by Request
      4,400 SF

      1520-1522 Home Ave

      MINI-MALL
      1520-1522 Home Ave, Akron, OH 44310
      View Details
    • Value Estimation
      $1,220,000
      12,590 SF

      1889 Brittain Rd, Unit 1955

      MINI-MALL
      1889 Brittain Rd, Akron, OH 44310-1843
      View Details
    • Value Estimation by Request
      9,600 SF

      1464 Brittain Rd, Unit 1480

      MINI-MALL
      1464 Brittain Rd, Akron, OH 44310-3653
      View Details

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      108,743 SF

      Established Retail Location For Sale

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      28,000 SF

      Fully Leased Akron Mixed-Use Building

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      20,688 SF Facility on 4.1 Acres

      20,688 SF facility with warehouse, office, and large lot.
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      Commercial Land with Retail Potential

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    Similar Nearby for Lease

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      1,600 SF

      Retail Space at Signalized Intersection

      Retail suites available in high-traffic Akron location.
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      7,292 SF

      Akron Retail Space For Rent

      Retail space available in Akron's largest power center.
      498-566 Howe St, Akron, OH 44310
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      37,995 SF

      Akron Retail Space For Rent

      Retail space available in Akron's largest power center.
      230-564 Howe Rd, Akron, OH 44310
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      Retail Pad Site Available

      Highly visible retail pad site with great access for rent.
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      Chapel Hill Retail Opportunity

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      Industrial Space with Heavy Electrical

      Industrial property featuring heavy electrical capacity and flexible spaces.
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      View Details
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    Akron, OH 44310-1848
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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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