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Property profile & analytics
OFF-MARKET Estimated value $1,320,000
Office buildings

2181 Wadsworth Rd Norton, OH 44203-5352

13,996 SF 1.48 ac lot Built 1990
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US66-6263209
Property summary
AI-generated overview

This exceptional 1,500 square foot office suite is situated at 2181 Wadsworth Road in Akron, Ohio, within a vibrant commercial plaza. The space is part of a larger 13,996 square foot building, offering a flexible layout suitable for a variety of businesses. The suite is immediately available and can be divided into smaller units, with a minimum divisible space of 250 square feet. The property boasts a convenient location, zoned B-3 (Highway Business District) within the City of Norton, and sits on a sizable 1.48-acre lot. Built in 1990, the building offers a well-established presence in the community. Current plaza tenants include diverse businesses such as Farmers Insurance, a dance studio, a bargain store, a sweepstakes establishment, and a healthcare services company, creating a bustling and diverse environment. A shared community dumpster is conveniently located at the rear of the building. Utilities include well water and high-speed internet access provided by Spectrum. This prime location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a thriving commercial environment in Akron. The space is perfect for a single tenant or can be subdivided to accommodate multiple smaller businesses. Inquire today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction FRAME
Total area 13,996 SF
Lot 1.48 ac (64,469 SF)
APN 46-07470
UPID US66-6263209
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$990k
Blend (final) Blend
$1.32M
Owner & transaction history
Nicholas Hourmouzis · 23 yrs held
Nicholas Hourmouzis
since 2003
1 recorded transaction
2003
$975,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.6M +43.5%
Commercial (general) $1.5M +40.4%
Auto repair, garage $1.4M +28.1%
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