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    Property profile & analytics

    4242 Karg Industrial Pkwy Kent, OH 44240-6469

    • Warehouses
    • 31,360 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimation
    $550,000
    Location Intelligence
    Property ID
    US66-2317469
    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

    • Warehouses

    Property Details for 4242 Karg Industrial Pkwy

    Year built
    1986
    Lot size
    2.04 lot acres
    Property size
    31,360 SF
    Property type
    Warehouses
    APN
    04-033-00-00-020-001
    APU
    40330000020001

    Description

    This single-tenant, 30,520-square-foot Class B warehouse, located at 4242 Karg Industrial in Portage County's Akron Submarket, presents a compelling leasing opportunity. Built in 1986, the one-story building sits on a 2.041-acre lot and features a desirable 20-foot ceiling height, ideal for various industrial uses. The property includes three dock-high doors and two drive-in doors, ensuring efficient loading and unloading. A substantial 1,650-square-foot office area is incorporated within the building's footprint, providing ample space for administrative functions. The warehouse is equipped with a sprinkler system, enhancing safety and security. Ample parking is available with 25 spaces designated for employees and visitors. This well-maintained facility is situated within the Akron Canton Kent submarket cluster, offering convenient access to major transportation routes and a skilled workforce. The property's clean condition and functional layout make it an excellent choice for businesses seeking a versatile and efficient industrial space in the Akron area. The property is classified as a warehouse and distribution facility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $675,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $780,000
      Mixed-Use
      $660,000
      Hospitality
      $825,000
      Educational
      $630,000
      Residential Income
      $810,000
      Energy
      $825,000
      Income-Based Land
      $660,000
      Food Service
      $835,000

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3584
    Latitude
    41.1062
    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
    $19,860
    $35,350
    $241,290
    $276,640
    -
    $101,000
    $689,400
    $790,400

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    Kent, OH 44240-6469
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    Realmo Value Estimation

    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.

    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.

    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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