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    Property profile & analytics

    4100 Medina Rd Akron, OH 44333

    • Gas stations
    • 2,307 SF
    • 0.65 lot acres
    For Sale
    View listing
    $2,600,000
    Last Sale
    Aug 15, 2022
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2601856
    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.

    Current Use by Public Records

    • Arby's / Restaurant / Take-out & Catering

    Property Details for 4100 Medina Rd

    Year built
    1995
    Lot size
    0.65 lot acres
    Property size
    2,307 SF
    Property type
    Gas stations
    APN
    15-00956
    APU
    1500956

    Description

    This exceptional investment opportunity presents a corporate ground lease for a newly constructed Arby's restaurant in Fairlawn, Ohio (Akron MSA). Located at 4100 Medina Rd, this 2,307 square foot quick-service restaurant sits on a 0.58-acre lot and boasts a prime location with high visibility and accessibility. The property benefits from direct frontage on Medina Road (37,000 vehicles per day) and convenient access to I-77 (42,000 vehicles per day). Built in 2023, this property is surrounded by a thriving retail environment, including major retailers such as The Home Depot, Chick-fil-A, T.J. Maxx, Courtyard by Marriott, and Holiday Inn. The surrounding area is densely populated, with 62,809 residents within a 5-mile radius and an average household income of $129,588 annually. The absolute NNN lease with Arby's features a 14-year term commencing March 17, 2024, and expiring March 31, 2038, leaving a substantial 13.4 years remaining. The lease includes rent bumps of 8% every five years and four, five-year lease options. The asking price is $2,477,000, representing a 5.25% cap rate and a price per square foot of $1,073.69. The property currently generates a net operating income (NOI) of $130,000, reflecting a 100% occupancy rate. This presents a strong, long-term investment opportunity in a high-demand location with a nationally recognized brand. The property's high barrier to entry and affluent demographics further enhance its investment appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,165,000
      ML approach
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,508,000
      Market price range: $171k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.6467
    Latitude
    41.1355
    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
    $25,791
    $78,900
    $270,870
    $349,770
    -
    $225,420
    $773,900
    $999,320

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      3120 Market St

      SERVICE STATION (FULL SERVICE) • 2,160 SF
      3120 Market St, Fairlawn, OH 44333-3314
      View Details
    • Value Estimation
      $2,305,000
      2,768 SF

      11 Cleveland Massillon Rd

      SERVICE STATION (FULL SERVICE) • 2,768 SF
      11 Cleveland Massillon Rd, Fairlawn, OH 44333-3011
      View Details
    • Value Estimation by Request
      1,482 SF

      1949 Cleveland Massillon Rd

      SERVICE STATION (FULL SERVICE) • 1,482 SF
      1949 Cleveland Massillon Rd, Akron, OH 44333-1816
      View Details
    • Value Estimation by Request
      648 SF

      3110 Market St

      SERVICE STATION (FULL SERVICE) • 648 SF
      3110 Market St, Fairlawn, OH 44333-3605
      View Details
    • Value Estimation
      $3,995,000
      2,294 SF

      9 Cleveland Massillon Rd

      SERVICE STATION (FULL SERVICE) • 2,294 SF
      9 Cleveland Massillon Rd, Akron, OH 44333-2420
      View Details
    • Value Estimation by Request
      2,328 SF

      4072 Medina Rd

      SERVICE STATION (FULL SERVICE) • 2,328 SF
      4072 Medina Rd, Akron, OH 44333-4567
      View Details

    Similar Nearby for Sale

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      Prime Fairlawn Storefront Opportunity

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      New Construction Drive-Thru Restaurant

      New construction drive-thru restaurant in a premier retail corridor.
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    • $2,479,000
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      Fairlawn Retail Investment Opportunity

      High-traffic retail building, prime location.
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    • $135,000
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      Fairlawn Land: 1.08 Acres

      Prime Fairlawn land, R-1 zoning, near I-77.
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    • $95,000
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      Fairlawn Commercial Land - $95K

      1.08 Acres, Prime Fairlawn Location
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    Similar Nearby for Lease

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      High-traffic Fairlawn, OH power center
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      Akron Retail Space For Lease

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    4100 Medina Rd
    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.

    More about this property
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