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    934 Grant St Akron, OH 44311
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    Property profile & analytics

    934 Grant St Akron, OH 44311

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    • Warehouses
    • 51,774 SF
    • 1.98 lot acres
    For Lease
    $8 SF/Yr
    View Listing →
    Akron Warehouse and Mixed-Use Space For Lease
    $8 SF/Yr
    21,747 SF

    Akron Warehouse and Mixed-Use Space

    Functional warehouse and mixed-use spaces suitable for various businesses.

    934 Grant St, Akron, OH
    View Listing
    Property ID
    US66-0739197
    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.
    Value Estimations
    $585,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Run Flat Tire Shop / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Buckeye Heating & Air Conditioning Supply Inc / Big Box & Wholesale Store
    • American Engineering Group / Design Institute / Drafting Service
    • Signal Tree Studios / Film Production

    Property Details for 934 Grant St

    Year built
    1924
    Lot size
    1.98 lot acres
    Property size
    51,774 SF
    Property type
    Warehouses
    APN
    67-09682
    APU
    6709682

    Description

    This exceptional 10,000-square-foot Class C industrial property in Akron, Ohio, presents a prime opportunity for businesses needing cold storage. Located at 934 Grant Street, this single-story building features one suite with 4 loading docks and 4 dock-high doors, facilitating efficient shipping and receiving. The space includes approximately 30 racks, each with three positions capable of supporting up to 2,500 lbs per pallet. A robust cooling system, comprised of six units, maintains optimal temperature control. The interior loading dock offers temperature-controlled entry. Ample space accommodates commercial truck access. Additional features include an office area with keyless entry, and two restrooms. The property is zoned commercial and is ideal for various uses including manufacturing, flex, warehouse, distribution, R&D, and refrigerated/cold storage. The minimum and maximum contiguous square footage is 10,000 square feet. This turnkey solution is ready for immediate occupancy. The property's address is 934 Grant Street, Akron, OH 44311, situated near Baird Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $588,000
      Market price range: $589k - $1.77M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $970,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5188
    Latitude
    41.0576
    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
    $10,077
    $28,330
    $63,480
    $91,810
    -
    $80,930
    $181,360
    $262,290

    Comparable in this City

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      565 Lafollette St, Akron, OH 44311-1824
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      394 Morgan Ave

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      142,684 SF

      123 Bartges St

      WAREHOUSE, STORAGE • 142,684 SF
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    • Value Estimation by Request
      21,700 SF

      Flex Buildings Gault St

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      Akron Flex Spaces For Sale

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      Industrial Building - Build To Suit

      Proposed industrial building with customizable options and great highway access.
      E Crosier St & Bellows St, Akron, OH 44311
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    • $1,700,000

      Renovated Warehouse/Office Building For Sale

      39,204 SF renovated warehouse/office building on high traffic corridor.
      975 East Tallmadge Ave, Akron, OH 44311
      View Details
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      63,675 SF

      Four-Story Flex Building For Sale

      Well-maintained flex building suitable for various uses, including self-storage.
      1025 S Broadway St, Akron, OH 44311
      View Details
    • $1,700,000
      39,204 SF

      Renovated Warehouse/Office Building For Sale

      39,204 SF renovated warehouse/office building on high traffic corridor.
      975 East Tallmadge Ave, Akron, OH 44311
      View Details
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      25,275 SF

      Akron Industrial Property For Sale

      27,712 SF industrial property ideal for manufacturing and distribution.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,680 SF

      Akron Mixed-Use Complex Space

      Office and warehouse/flex spaces in prime Akron location.
      520 S Main St, Akron, OH 44311
      View Details
    • $8 SF/Yr
      60,000 SF

      Akron Office Space - 11,000 SF Available

      Versatile Akron Office & Warehouse Space
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      View Details
    • Contact for pricing
      13,000 SF

      Flexible Warehouse and Office Space

      Adaptable warehouse and office spaces available in central Akron.
      530-532 Grant St, Akron, OH 44311
      View Details
    • Contact for pricing
      5,321 SF

      Akron Warehouse: 5,321 SF Available

      Prime Akron location, 33-acre lot, 6-story warehouse.
      540 Main St, Akron, OH 44311
      View Details
    • Contact for pricing

      Proposed Flex Spaces in Akron

      Two proposed 21,700 SF flex spaces for lease.
      240 Gault St, Akron, OH 44311
      View Details
    • Contact for pricing

      Akron Warehouse Sublease Opportunity

      56,680 SF warehouse space near Downtown Akron for sublease.
      540 South Main St, Akron, OH 44311
      View Details
    View Listing
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    Akron, OH 44311
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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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