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1305 Brown St 5,056 SF 100% Leased Retail Building Akron, OH 44301 $348,003 CAD ($68.83 CAD/SF) 16.96% Cap Rate
Executive Summary
Owned by same family for 50+ years! This commercial mixed use property features a large storefront with a tenant of 20+ years and 5 large 1-bedroom apartments (one w/a tenant of 15+ years!). All units have separate electric and gas. Commercial space is on it's own water/sewer and apartments are on one. Solid rental history and ready for the next owner.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$70,186
|
$13.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,186
|
$13.88
|
| Taxes |
$3,721
|
$0.74
|
| Operating Expenses |
$7,436
|
$1.47
|
| Total Expenses |
$11,157
|
$2.21
|
| Net Operating Income |
$59,028
|
$11.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $70,186 |
| Annual Per SF | $13.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $70,186 |
| Annual Per SF | $13.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,721 |
| Annual Per SF | $0.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,436 |
| Annual Per SF | $1.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,157 |
| Annual Per SF | $2.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,028 |
| Annual Per SF | $11.67 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,056 SF
Building Class
C
Year Built/Renovated
1929/2025
Price
$348,003 CAD
Price Per SF
$68.83 CAD
Cap Rate
16.96%
NOI
$59,028 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.11 AC
Parking
4 Spaces (0.79 Spaces per 1,000 SF Leased)
Frontage
45’ on Brown St
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 67-04077 | Total Assessment | $52,645 CAD (2026) |
| Land Assessment | $9,358 CAD (2026) | Annual Taxes | $3,721 CAD ($0.74 CAD/SF) |
| Improvements Assessment | $43,287 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
67-04077
Land Assessment
$9,358 CAD (2026)
Improvements Assessment
$43,287 CAD (2026)
Total Assessment
$52,645 CAD (2026)
Annual Taxes
$3,721 CAD ($0.74 CAD/SF)
Tax Year
2025
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1305 Brown St
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