Property profile

4014 Medina Rd Akron, OH 44333

FOR LEASE
Commercial real estate
Property ID
US66-2817016
94,765 SF 12.87 ac lot Built 1988
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Market Square at Montrose is a premier 517,788 square foot super-regional power center strategically located in Fairlawn, Ohio. This exceptional property boasts a prime location directly off Interstate 77 at the Medina Road (SR 18) interchange, ensuring high visibility and accessibility. Situated on a 2.79-acre lot, the center benefits from its position within a top-performing retail and restaurant market in Northeast Ohio, drawing customers from Summit County and parts of Medina and Cuyahoga counties. The center features a diverse mix of national and regional tenants, including JCPenney, Dick's Sporting Goods, The Home Depot, DXL, Cost Plus World Market, and Staples, creating a strong synergistic environment. Currently, there are two available spaces: one measuring 20,494 square feet and another at 17,018 square feet, presenting excellent opportunities for businesses seeking high-traffic locations within a thriving retail hub. The multiple-tenancy structure provides a dynamic and established retail environment. This property offers significant potential for growth and profitability within a well-established and densely populated market. The available spaces are ideal for a variety of retail uses, capitalizing on the significant foot traffic generated by the existing anchor tenants.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 94,765 SF
Lot 12.87 ac (560,530 SF)
APN 15-07109
UPID US66-2817016

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Insurance Agency
  • Carpet & Flooring Store Hardware & Home Improvement
  • Clothing & Fashion Store
  • (Bike/Boat/Book/etc) Store

Location

4014 Medina Rd Akron, OH 44333
Akron metro Census 533501 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.42M
Comparable Approach Comparable
$9.65M
Blend (final) Blend
$13.41M

Owner & transaction history

since 2014
5 recorded transactions
2024
Price N/A
2014
$32,500
2006
$38,850
2003
$123,600
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $10.3M +63.4%
Restaurant $10.1M +58.9%
Auto repair, garage $9.5M +49.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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