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Property profile

595 Miami St Akron, OH 44311

OFF-MARKET
Retail space
Property ID
US66-2439406
5,810 SF 0.71 ac lot Built 1969
Entity Owned Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, 5,810 square foot flex building located at 595 Miami St, Akron, OH 44311. The property, built in 1969 and situated on a 0.705-acre lot (APN 6811289), boasts a strong net lease with a remaining term of approximately six months (expiring May 5, 2025). Currently 100% occupied, the building generates a substantial NOI of $69,600, resulting in an attractive 14.23% cap rate. The asking price is $489,000, translating to $84.17 per square foot. Key features include a recently updated roof (less than 5 years old), a new HVAC system, and ample parking. The property is zoned Akron U-5 and is ideally suited for service-based businesses. This is a rare chance to acquire a well-maintained, high-performing asset in a prime Akron location, offering immediate cash flow and significant upside potential. The building's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-maintenance, high-return investment. The property's strategic location provides easy access to major transportation routes and the downtown core, further enhancing its appeal.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 5,810 SF
Lot 0.71 ac (30,710 SF)
APN 68-11289
UPID US66-2439406

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
  • Distribution Center Logistics Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$548k
Blend (final) Blend
$620k

Owner & transaction history

since 2025
2 recorded transactions
2025
$305,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $635,000 +92.0%
Restaurant $615,000 +86.8%
Auto repair, garage $580,000 +75.6%

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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