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    2409 Romig Rd Akron, OH 44320

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    2409 Romig Rd Akron, OH 44320

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    • Community centers
    • 6,000 SF
    • 0.96 lot acres
    For Sale
    $435,000
    View Listing →
    6,000 SF Industrial Building For Sale
    $435,000
    6,000 SF

    6,000 SF Industrial Building

    6,000 SF industrial building suitable for warehouse, retail, or office.

    2409 Romig Road, Akron, OH 44320
    View Listing
    Property ID
    US66-5973530
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 2409 Romig Rd

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.96 lot acres
    Property size
    6,000 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    67-28366
    APU
    6728366

    Description

    This 6,000 square foot industrial flex space at 2409 Romig Road in Akron, Ohio, is offered for sale at $490,000. The property sits on a 0.96-acre lot and is zoned UPD-45, allowing for a variety of uses. The building features a 12-foot drive-in door and ceiling heights ranging from 12 to 14 feet, providing ample space for storage and operations. Its flexible design makes it suitable for warehouse, retail, sales, service, or office applications. A key advantage is its location directly across from a new Amazon warehouse facility in Summit County, Ohio, zip code 44320. This proximity benefits from significantly improved highway access and a projected increase in traffic, creating a highly desirable location for businesses seeking high visibility and convenient transportation links. The gross lease structure simplifies occupancy costs. This presents a compelling investment opportunity in a rapidly developing area. The property's size, features, and strategic location combine to offer significant potential for growth and return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5802
    Latitude
    41.049
    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
    $10,185
    $40,180
    $30,680
    $70,860
    -
    $114,800
    $87,660
    $202,460

    Comparable in this City

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      $625,000
      28,700 SF

      2270 Romig Rd

      MINI-MALL • 28,700 SF
      2270 Romig Rd, Akron, OH 44320-3858
      View Details
    • Value Estimation by Request
      11,310 SF

      2086 Romig Rd

      MINI-MALL • 11,310 SF
      2086 Romig Rd, Akron, OH 44320-3820
      View Details
    • Value Estimation by Request
      21,600 SF

      2198 Romig Rd, Unit 2216

      MINI-MALL • 21,600 SF
      2198 Romig Rd, Akron, OH 44320-3852
      View Details
    • Value Estimation
      $1,780,000
      99,824 SF

      2375 Romig Rd

      MINI-MALL • 99,824 SF
      2375 Romig Rd, Akron, OH 44320-3824
      View Details
    • Value Estimation
      $1,070,000
      55,000 SF

      2170 Romig Rd, Unit 2196A

      MINI-MALL • 55,000 SF
      2170 Romig Rd, Akron, OH 44320-3879
      View Details
    • Value Estimation
      $600,000
      17,220 SF

      2052 Romig Rd, Unit 2070

      SHOPPING CENTER, STRIP CENTER • 17,220 SF
      2052 Romig Rd, Akron, OH 44320-3820
      View Details

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      6,000 SF

      6,000 SF Industrial Building

      6,000 SF industrial building suitable for warehouse, retail, or office.
      2409 Romig Rd, Akron, OH 44320
      View Details

    Similar Nearby for Lease

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      Easily accessible retail space with ample parking and great visibility.
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      Highly visible retail space with great access and parking.
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      Multi-Tenant Strip Center Opportunity

      Multi-tenant strip center available for sale and lease.
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      Retail/Office Space Near Amazon Center

      Retail and office units with convenient highway access and signage.
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      Retail or Office Units Available

      Retail or office units with great rates and signage.
      2170 Romig Rd, Akron, OH 44320
      View Details
    View Listing
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    Akron, OH 44320
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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.

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    2409 Romig Rd, Akron, OH, 44320

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