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

    450 White Pond Dr, Unit 470 Akron, OH 44320-4209

    • Office buildings
    • 8,450 SF
    • 6.53 lot acres
    OFF-MARKET
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2553654
    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

    • Senior Helpers / Home Health Care Service / Home Help Service Agency
    • Fast Fingerprints / Federal Government Office

    Property Details for 450 White Pond Dr

    Year built
    2000
    Construction
    FRAME
    Lot size
    6.53 lot acres
    Property size
    8,450 SF
    Property type
    Office buildings
    APN
    68-60192
    APU
    6860192

    Description

    This exceptional Summit County property offers a unique investment opportunity encompassing three single-story buildings totaling 12,118 square feet of versatile office and retail space. Situated on a spacious 6.206-acre lot, the property boasts a park-like setting with convenient parking, a significant advantage for tenants and visitors. Built in 2000, the Class B buildings feature ample natural light from numerous windows, creating a bright and inviting atmosphere. The zoning designation is UPD-30. Currently, one suite is available for lease. The property's strategic location near I-77 and White Pond Drive provides easy freeway access, enhancing its appeal and accessibility. The property's current rental rates are below market, presenting a compelling opportunity for investors seeking strong returns. The property's APN is 6860192|1 and is located in Summit County. The buildings offer private entries, further enhancing tenant privacy and convenience. This is an ideal location for medical or office users seeking a combination of functionality, accessibility, and a pleasant work environment. The multiple tenancy structure allows for flexibility and potential for diverse income streams.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,102,000
      Market price range: $353k - $1.10M
      AI Estimate
      $977,000
      Market price range: $327k - $978k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $680,000
      Current use
      MEDICAL BUILDING
      $920,000
      Change: +36% Conversion: Easy
      RESTAURANT
      $895,000
      Change: +32% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $845,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $790,000
      Change: +16% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $575,000
      Change: -15% Conversion: Easy
      COMMERCIAL (GENERAL)
      $565,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5872
    Latitude
    41.1036
    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
    $114,128
    $226,240
    $1,137,040
    $1,363,280
    -
    $646,410
    $3,248,670
    $3,895,080

    Comparable in this City

    • Value Estimation
      $425,000
      10,576 SF

      799 White Pond Dr

      OFFICE BUILDING • 10,576 SF
      799 White Pond Dr, Akron, OH 44320-1189
      View Details
    • Value Estimation
      $450,000
      10,572 SF

      789 White Pond Dr

      OFFICE BUILDING • 10,572 SF
      789 White Pond Dr, Akron, OH 44320-4203
      View Details
    • Value Estimation
      $605,000
      3,365 SF

      773 White Pond Dr, Unit 785

      OFFICE BUILDING • 3,365 SF
      773 White Pond Dr, Akron, OH 44320-1136
      View Details
    • Value Estimation
      $205,000
      8,064 SF

      1621 Frederick Blvd

      OFFICE BUILDING • 8,064 SF
      1621 Frederick Blvd, Akron, OH 44320-4005
      View Details
    • Value Estimation
      $415,000
      2,371 SF

      755 White Pond Dr

      OFFICE BUILDING (MULTI-STORY) • 2,371 SF
      755 White Pond Dr, Akron, OH 44320-4220
      View Details
    • Value Estimation
      $490,000
      10,660 SF

      791 White Pond Dr

      OFFICE BUILDING • 10,660 SF
      791 White Pond Dr, Akron, OH 44320-1136
      View Details

    Similar Nearby for Sale

    • $325,000
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      Renovated Office Building Near Amazon

      Renovated office building near Amazon Distribution Center.
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    • $325,000
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      Akron Office Building - $325K

      Prime Akron office space, renovated 2023. Ideal for creative or medical use.
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    • $90,000
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      Akron Land: 5.8 Acres Development Opportunity

      Prime Akron land, ideal for residential or retail development.
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      0.12 Acres

      Residential Lot in West Akron

      Vacant residential lot in established neighborhood, close to amenities.
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      Residential land for sale in established Akron neighborhood.
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    • $130,000
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      Akron, OH Wooded Lot

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    Similar Nearby for Lease

    • $16 SF/Yr
      5,375 SF

      Office/Medical Space For Rent

      5,907 SF office or medical space with restaurant on-site.
      570 White Pond Dr, Akron, OH 44320
      View Details
    • $8 SF/Yr
      9,000 SF

      Retail/Office Space Near Amazon Center

      Retail and office units with convenient highway access and signage.
      2168-2216 Romig Rd, Akron, OH 44320
      View Details
    • $18 SF/Yr
      4,310 SF

      Medical Office Space Available

      4,310 SF medical space for rent in Akron, OH.
      789 White Pond Dr, Akron, OH 44320
      View Details
    • $7 SF/Yr
      3,000 SF

      Retail/Office Space For Lease

      Retail or office space available with parking and signage.
      2495 Romig Rd, Akron, OH 44320
      View Details
    • Contact for pricing
      1,100 SF

      Akron Medical Office Space Available

      Prime Akron location, 1,100 sq ft medical office.
      701 White Pond Dr, Akron, OH 44320
      View Details
    • Contact for pricing
      2,200 SF

      Retail or Medical Office Space

      Storefront space available for retail or medical office use.
      539 White Pond Dr, Akron, OH 44320
      View Details
    Request Owner's contact information
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    450 White Pond Dr, Unit 470
    Akron, OH 44320-4209
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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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