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    3863 Medina Rd Akron, OH 44333

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    3863 Medina Rd Akron, OH 44333

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    • Drive through restaurants
    • 3,072 SF
    • 0.58 lot acres
    For Lease
    View Listing →
    West Market Plaza Retail Space For Lease
    Contact for pricing
    173,000 SF

    West Market Plaza Retail Space

    Retail space available in the Montrose/Fairlawn area.

    3863 Medina Rd, Akron, OH 44333
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    Property ID
    US66-2098881
    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

    • Five Guys / Restaurant / Take-out & Catering

    Property Details for 3863 Medina Rd

    Year built
    1989
    Lot size
    0.58 lot acres
    Property size
    3,072 SF
    Property type
    Drive through restaurants
    APN
    05-00160
    APU
    500160

    Description

    West Market Plaza, located at 3863 Medina Rd, Akron, OH 44333, offers exceptional retail opportunities in a thriving commercial center. This 172,848 square foot property boasts a prime location at the intersection of Route 18 and Cleveland-Massillon Road in the Montrose/Fairlawn area, a high-traffic super-regional location. Currently, there are multiple spaces available, ranging from a minimum of 1,050 square feet to a maximum contiguous space of 7,740 square feet, with a total of 8,790 square feet currently vacant. The center enjoys a strong tenant mix, including established regional and national brands such as DSW, Mustard Seed Market & Cafe, and Ulta, creating a synergistic environment for diverse businesses. This established shopping center provides excellent visibility and accessibility, making it an ideal location for a variety of retail concepts, including restaurants and other commercial uses. The property's strategic location ensures high foot traffic and exposure to a large customer base. This is a unique opportunity to secure retail space in a well-established and successful shopping center in a high-demand area. Contact us today to learn more about the available spaces and leasing options.

    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
    -81.6382
    Latitude
    41.1363
    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
    $26,283
    $160,270
    $221,580
    $381,850
    -
    $457,910
    $633,070
    $1,090,980

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      40 Brookmont Rd

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      152 Flight Memorial Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,472 SF
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    • Value Estimation
      $630,000
      6,458 SF

      3875 Medina Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,458 SF
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      1,649 SF

      3847 Medina Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,649 SF
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    • Value Estimation by Request
      2,950 SF

      3023 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,950 SF
      3023 Market St, Fairlawn, OH 44333-3610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,307 SF

      New Construction Drive-Thru Restaurant

      New construction drive-thru restaurant in a premier retail corridor.
      4100 Medina Rd, Akron, OH 44333
      View Details
    • Contact for pricing

      Prime Land in Fairlawn

      0.58 acres with frontage on West Market Street.
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      1,710 SF

      Fairlawn Retail/Office Space For Sale

      Prime retail/office space in Fairlawn, across from Summit Mall.
      85 Ghent Rd, Akron, OH 44333
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    • $250,000
      1 SF

      Montrose Retail Area Land Parcel

      Undeveloped land parcel in Fairlawn's Montrose retail area.
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      View Details
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      1,706 SF

      Copley Commercial Property for Sale

      1,706 SF property on 1.36 acres in Copley, Ohio.
      278 S Cleveland Massillon Rd, Akron, OH 44333
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    • $2,479,000
      9,441 SF

      Fairlawn Retail Investment Opportunity

      High-traffic retail building, prime location.
      3790 W Market St, Fairlawn, OH 44333
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    Similar Nearby for Lease

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      7,000 SF

      Restaurant Space Near Summit Mall

      7,000 SF former restaurant space for lease.
      25 Ghent Rd, Fairlawn, OH 44333
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      Retail Space in Fairlawn Area

      Super-regional power center in top-performing retail market.
      4014 Medina Rd, Akron, OH 44333
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail space in a grocery-anchored shopping center for lease.
      3979 Medina Rd, Akron, OH 44333
      View Details
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      Retail Space For Rent

      Retail space available for lease.
      3737 W Market St, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      1,045 SF

      Fairlawn Retail/Office Space Available

      Second-floor space suitable for office or retail tenants.
      111-133 Ghent Rd, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      717 SF

      Akron Retail Space For Lease

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      2855 W Market St, Akron, OH 44333
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    View Listing
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    Akron, OH 44333
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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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    3863 Medina Rd, Akron, OH, 44333

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