Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    264 E Crosier St Akron, OH 44311

    Property Lookup

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

    264 E Crosier St Akron, OH 44311

    View on Map
    • Specialty properties
    For Lease
    View Listing →
    Industrial Building To Be Constructed For Lease
    Contact for pricing
    100,000 SF

    Industrial Building To Be Constructed

    Proposed industrial building with flexible space in Akron, Ohio.

    264 E Crosier St, Akron, OH 44311
    View Listing
    Property ID
    US66-1784507
    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

    • Summit County Community Based Correctional Facility / Prison
    • Thrasher Gary L DO / Physician
    • Kelsey Mccoy / Marriage Or Relationship Counselor
    • Robin Bilby / Counselor

    Property Details for 264 E Crosier St

    Property type
    Specialty properties
    Property subtype
    Commercial real estate

    Description

    Proposed 80,000-100,000 SF industrial building will be constructed. Will include 20'-30' clear ceiling heights, dock doors & overhead doors, flex office space and can be built to suit various uses & sizes. Located on the corner of E. Crosier Street & Bellows Street in Akron, Ohio 44311. Minutes from recently renovated Downtown Akron. Property sits just 0.7 miles from Interstate 76, 1.7 miles from State Route 8 & 1.7 miles from the Interstate 76/Interstate 77/Route 8 interchange.

    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
    -81.5187423
    Latitude
    41.0587752

    Comparable in this City

    • Sponsored
      Contact for pricing

      OH, Akron - South Main St

      Discover many ways to work your way in OH, Akron - South Main St
      388 Main St, Akron, OH 44311
      View Details
    • $8 SF/Yr
      60,000 SF

      Akron Office Space - 11,000 SF Available

      Versatile Akron Office & Warehouse Space
      1025 Broadway St, Akron, OH 44311
      View Details
    • Contact for pricing

      Akron Warehouse Sublease Opportunity

      56,680 SF warehouse space near Downtown Akron for sublease.
      540 South Main St, Akron, OH 44311
      View Details
    • Contact for pricing

      Akron Industrial Land For Rent

      Ready to build industrial land with highway access in Akron.
      Flex Buildings Gault St, Akron, OH 44311
      View Details
    • Contact for pricing

      Akron Warehouse Sublease Opportunity

      56,680 SF warehouse space near Downtown Akron.
      540 S Main St, Akron, OH 44311
      View Details
    • Contact for pricing

      Class A Office Space Available

      Revived Class A office building in downtown Akron.
      388 S Main St, Akron, OH 44311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      253,871 SF

      Manufacturing/Warehouse Buildings For Sale

      Four manufacturing/warehouse buildings available near I-77 and downtown Akron.
      96 E Crosier St, Akron, OH 44311
      View Details
    • Contact for pricing
      44,800 SF

      Two Akron Office Buildings

      Two office buildings for sale, opportunity and HUBZone designated.
      411 Wolf Ledges Pkwy, Akron, OH 44311
      View Details
    • Contact for pricing

      Akron Flex Spaces For Sale

      Two proposed 21,700 SF flex spaces in Akron, Ohio.
      Gault St, Akron, OH 44311
      View Details
    • Contact for pricing

      Industrial Building - Build To Suit

      Proposed industrial building with customizable options and great highway access.
      E Crosier St & Bellows St, Akron, OH 44311
      View Details
    • Contact for pricing

      Vacant Lot at Lit Intersection

      Vacant commercial land near Akron University and I-77.
      781 Grant St, Akron, OH 44311
      View Details
    • $2,395,000
      39,258 SF

      Downtown Akron Property with Parking

      Rare free parking in downtown Akron near University Park District.
      441 Wolf Ledges Pkwy, Akron, OH 44311
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      60,000 SF

      Akron Office Space - 11,000 SF Available

      Versatile Akron Office & Warehouse Space
      1025 Broadway St, Akron, OH 44311
      View Details
    • Sponsored
      Contact for pricing

      OH, Akron - South Main St

      Discover many ways to work your way in OH, Akron - South Main St
      388 Main St, Akron, OH 44311
      View Details
    • Contact for pricing

      Downtown Akron Office Sublease

      Fully built-out, divisible office space near downtown Akron.
      540 S Main St, Akron, OH 44311
      View Details
    • $12 SF/Yr
      3,100 SF

      Downtown Akron Office Suite

      Office suite in historic Akron landmark with modern finishes.
      354 South Main St, Akron, OH 44311
      View Details
    • Contact for pricing
      77,495 SF

      Office Space in Gojo Plaza

      Office building with 77,495 square feet available for rent.
      1 Gojo Plz, Akron, OH 44311
      View Details
    • $21 SF/Yr
      147,483 SF

      Class A Office Space Available

      Modern Class A office space in downtown Akron for lease.
      388 South Main St, Akron, OH 44311
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    264 E Crosier St
    Akron, OH 44311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    264 E Crosier St, Akron, OH, 44311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!