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Property profile & analytics
FOR SALE
Showrooms

905 Miami St Akron, OH 44311

25,275 SF 3.3 ac lot Built 1915
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-1224525
Property summary
AI-generated overview

This exceptional industrial property, located at 905 Miami Street in Akron, Ohio, presents a compelling investment opportunity. The single-story, 28,098-square-foot building sits on a generous 3.29-acre lot and offers a versatile layout suitable for various industrial uses, including distribution, manufacturing, and warehousing. The building features 25,579 square feet of warehouse space and 2,519 square feet of office space. High ceilings, ranging from 12 to 15 feet, provide ample vertical clearance. Loading and unloading are facilitated by two loading docks and three grade-level doors. The property boasts significant laydown yard space and ample parking. The property is zoned U-5 Ordinary Industrial and benefits from its location in an Opportunity Zone. Its strategic location provides superior highway access, just minutes from Interstates 76 and 77, ensuring efficient transportation and logistics. The building was constructed in 1915 and is classified as Class C. The asking price is $880,000, translating to $31.32 per square foot. The property's features include 3-phase 480-volt power. The Assessor's Parcel Number (APN) is 6755357.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1915
Total area 25,275 SF
Lot 3.3 ac (143,748 SF)
APN 67-55357
UPID US66-1224525
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cotter Express Delivery Courier Service Postal Service
  • Akron House & Factory Cleaning General Contractor Renovation Specialist
  • Cotter Moving & Storage Company Moving Company
  • H & H Wheel Services Inc Big Box & Wholesale Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.11M
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$3.05M
Owner & transaction history
Cotter Miami LLC · 8 yrs held
Cotter Miami LLC
since 2017
2 recorded transactions
2017
$475,000
2015
$377,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.8M +63.4%
Restaurant $2.7M +58.9%
Auto repair, garage $2.5M +49.4%
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More about this property
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