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    1925 Pilgrim St Akron, OH 44305

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1855708
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1925 Pilgrim St

    Property type
    Residential income homes

    Description

    This charming Akron, Ohio single-family home presents a fantastic investment opportunity, currently listed at $110,000. Located at 1925 Pilgrim Street, Akron, OH 44305, this Class B multifamily property is currently leased, generating a monthly rental income of $600. The tenant is responsible for all utilities, minimizing your operational expenses. The property boasts a quaint and charming aesthetic. While the main floor features a full bathroom, a second full bathroom is currently under construction in the basement. This property is being sold by the owner and represents a straightforward addition to any income-generating real estate portfolio. The property's location in Summit County offers convenient access to local amenities and transportation networks. The property's strong rental history and low maintenance requirements make it an attractive option for investors seeking a stable and profitable investment. The current lease agreement provides immediate cash flow, making this an ideal opportunity for both seasoned and novice investors. Contact the owner directly for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.453833986811
    Latitude
    41.070584807888

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      Akron Duplex Near Summa Hospital

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      Prime Akron Industrial Land

      1.39 Acres, I-76 Access, $299,900
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      0.11 Acres

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      Vacant land in a residential neighborhood, Akron, Ohio.
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      Corner Retail Building For Sale

      Corner building with leasing opportunities near Archbishop Hoban High School.
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    Similar Nearby for Sale

    • New
      $179,000
      1,508 SF

      Akron Duplex Investment Opportunity

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      1162-1164 Tonawanda Ave, Akron, OH 44305
      View Details
    • $229,900
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      Turnkey Triplex in Prime Akron

      High cash-flow, renovated triplex with new roof and parking.
      151 Ruckel Rd, Akron, OH 44305
      View Details
    • New
      $70,000
      Pending

      Akron Duplex Near Summa Hospital

      Two-story duplex near Summa Hospital, downtown Akron, and University of Akron.
      115 Middlebury Ave, Akron, OH 44305
      View Details
    • $299,900
      1.39 Acres

      Prime Akron Industrial Land

      1.39 Acres, I-76 Access, $299,900
      2626 Gilchrist Rd, Akron, OH 44305
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Land in Akron, OH

      Vacant land in a residential neighborhood, Akron, Ohio.
      1874 Adelaide Blvd, Akron, OH 44305
      View Details
    • $369,900
      25,366 SF

      Corner Retail Building For Sale

      Corner building with leasing opportunities near Archbishop Hoban High School.
      384 S Arlington St, Akron, OH 44305
      View Details

    Similar Nearby for Lease

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      55,481 SF

      Akron Flex Space with Cranes

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      Akron Warehouse with Large Door

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      Retail Space Near Whole Foods

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      Retail/Office Space with Ample Parking

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    1925 Pilgrim St
    Akron, OH 44305
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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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