450 White Pond DrAkron, OH 44320

Property Details for 450 White Pond Dr

Year built

2000

Construction

FRAME

Lot size

6.53 AC

Property size (Sq ft)

8,450 SF

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,606,997

  6.5%

  $1,483,382

  7%

  $1,377,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,413

  Geo Method

  $790,413

• Alternative Use

  Use

  Valuation

  Residential

  $1,839,393

  Hospitality

  $1,684,874

  Educational

  $1,401,796

  Medical

  $1,450,006

  Retail

  $2,180,571

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.1036

Longitude

-81.5872

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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