Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    571 E Turkeyfoot Lake Rd Akron, OH 44319

    • Office buildings
    • 8,608 SF
    • 2.43 lot acres
    For Lease
    View listing
    $550 /Mo
    Last Sale
    Mar 08, 2024
    $1,115,000
    Value Estimations
    $1,115,000
    Cap Rate Potential
    9.7%
    Office buildings
    Location Intelligence
    Property ID
    US66-2463461
    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

    • Bond & Associates Title Agency Inc / Title Company
    • Shultz Design & Construction / Custom Home Builder / Real Estate Agency
    • Rent A Pro USA, LLC / Rental
    • Polaris Home Funding / Mortgage Lender / Mortgage Broker
    • Barbara Bailey / Family Practice Physician / Dermatologist

    Property Details for 571 E Turkeyfoot Lake Rd

    Year built
    1998
    Lot size
    2.43 lot acres
    Property size
    8,608 SF
    Property type
    Office buildings
    APN
    28-16515
    APU
    2816515

    Description

    This well-maintained, two-story office building at 571 East Turkeyfoot Lake Road, Akron, OH 44319, offers flexible space options. The building, constructed in 1998, totals 8,608 square feet and sits on a 2.4-acre lot. Currently, 1,344 square feet of vacant space is available, divisible into units as small as 144 square feet, with a maximum contiguous space of 1,200 square feet. The zoning is B1. The property features two available suites. One suite offers 1,200 square feet, encompassing three private offices, a conference room, and an administrative desk area. Tenants in this suite are responsible for gas, electric, and internet services. Prominent signage opportunities exist on both the building and a monument sign. A second option provides a single office with access to shared amenities including a conference room, waiting area, and kitchen. All utilities and internet are included in this option. The building's APN is 28-16515. This is an excellent opportunity for businesses seeking flexible and conveniently located office space in Akron.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,115,000
      ML approach
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,123,000
      Market price range: $359k - $1.12M
      AI Estimate
      $803,000
      Market price range: $305k - $804k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $690,000
      Current use
      MEDICAL BUILDING
      $940,000
      Change: +36% Conversion: Easy
      RESTAURANT
      $915,000
      Change: +32% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $860,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $815,000
      Change: +17% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $805,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5022
    Latitude
    40.9759
    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
    $17,798
    $39,930
    $277,720
    $317,650
    -
    $114,080
    $793,490
    $907,570

    Comparable in this City

    • Value Estimation by Request
      3,827 SF

      3510 Manchester Rd

      OFFICE BUILDING • 3,827 SF
      3510 Manchester Rd, Coventry Township, OH 44319-1415
      View Details
    • Value Estimation by Request
      5,438 SF

      2745 Nesbitt Ave

      OFFICE BUILDING • 5,438 SF
      2745 Nesbitt Ave, Akron, OH 44319-1070
      View Details
    • Value Estimation by Request
      2,445 SF

      3232 Main St

      OFFICE BUILDING • 2,445 SF
      3232 Main St, Coventry Township, OH 44319-2475
      View Details
    • Value Estimation by Request
      5,647 SF

      3614 Manchester Rd

      OFFICE BUILDING • 5,647 SF
      3614 Manchester Rd, Coventry Township, OH 44319-2159
      View Details
    • Value Estimation by Request
      6,200 SF

      4855-4859 Main St

      OFFICE BUILDING • 6,200 SF
      4855-4859 Main St, Akron, OH 44319
      View Details
    • Value Estimation by Request
      996 SF

      4150 Main St

      OFFICE BUILDING • 996 SF
      4150 Main St, Akron, OH 44319-4127
      View Details

    Similar Nearby for Sale

    • $575,000
      19,976 SF

      Multi-Tenant Office Investment Opportunity

      Well-maintained office building with upside potential in a strong Akron corridor.
      215 E Waterloo Rd, Akron, OH 44319
      View Details
    • $390,000
      5,438 SF

      Office Building Near Nesmith Lake

      5,438 SF office building in park-like setting.
      2745 Nesbitt Ave, Akron, OH 44319
      View Details
    • $450,000
      4,950 SF

      Akron Mixed-Use Commercial Building

      Prime Akron location, flexible space, high ROI potential.
      3200 Main St, Akron, OH 44319
      View Details
    • $428,600
      1.89 Acres

      Manchester Road Mixed-Use Property

      1.88 Acres, B-3 Zoning, Huge Potential
      3550 Manchester Rd, Akron, OH 44319
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Akron Outlot for Lease

      ±1-acre commercial outlot near Portage Lakes.
      4045-4049 Main St, Akron, OH 44319
      View Details
    • $50,000
      1.96 Acres

      Akron Commercial Land - $50,000

      1.96 Acres, Prime Development Site
      0 Buena Vista Dr, Akron, OH 44319
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      19,976 SF

      Well-Maintained Multi-Tenant Building For Rent

      Multi-tenant building with ample parking, highway access, and flexible zoning.
      215 East Waterloo Rd, Akron, OH 44319
      View Details
    • $365,000
      12,700 SF

      South Arlington Freestanding Office Building

      Freestanding office building in South Arlington available for lease/sale.
      2542 S Arlington Rd, Akron, OH 44319
      View Details
    • $11 SF/Yr
      600 SF

      Akron Retail/Office Space

      600 sq ft, high-traffic location, $575/month.
      3442 Manchester Rd, Akron, OH 44319
      View Details
    • $20 SF/Yr
      16,007 SF

      Akron Office Space for Lease

      Prime Akron office suites, renovated 2022.
      445 Turkeyfoot Lake Rd, Akron, OH 44319
      View Details
    • $12 SF/Yr
      34,542 SF

      Clocktower Landing Office Suites

      Akron, OH office space for lease. Multiple suites available.
      470 Portage Lakes Dr, Akron, OH 44319
      View Details
    • $1,000 /Mo
      1,000 SF

      Akron Office Space For Rent

      Office space for rent in a high-traffic Akron location.
      3614 Manchester Rd, Akron, OH 44319
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    571 E Turkeyfoot Lake Rd
    Akron, OH 44319
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.