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    1653 Merriman Rd Akron, OH 44313

    • Office buildings
    • 85,116 SF
    • 1.05 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $765,000
    Location Intelligence
    Property ID
    US66-1318571
    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

    • The Wides Legal Group, LLC / Law Firm
    • Tru Barre Studio / Physical Fitness Program
    • 330TIX / Association / Organization
    • CED Process Minerals / Store
    • McDaniel Law Corp. / Attorney

    Property Details for 1653 Merriman Rd

    Year built
    1919
    Construction
    FRAME
    Lot size
    1.05 lot acres
    Property size
    85,116 SF
    Property type
    Office buildings
    APN
    68-22348
    APU
    6822348

    Description

    This exceptional Akron office property, the Riverparke Building, offers a variety of suite options to suit your business needs. Located at 1653 Merriman Rd, Akron, OH 44313, this 3,103 square foot building sits on a 1.13-acre lot and is zoned U-3 Retail Business. Currently, all 3,103 square feet are vacant and available for lease. Four suites are available, ranging from 525 to 1,328 contiguous square feet. Suite 101, a 977 square foot first-floor suite, is located at the building's front entrance and features several offices. Suite 207, a 703 square foot second-floor suite, offers an open area and two private offices. Two additional lower-level suites are undergoing renovations and will be ready for occupancy soon. One lower-level suite measures 1,032 square feet, and the other (LL3) is 1,250 square feet

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $715,000

    • CAP approach

      CAP return
      Estimation
      6%
      $990,000
      6.5%
      $1,035,000
      7%
      $1,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $905,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $895,000
      Mixed-Use
      $900,000
      Hospitality
      $935,000
      Educational
      $1,000,000
      Residential Income
      $1,040,000
      Energy
      $1,085,000
      Income-Based Land
      $1,080,000
      Food Service
      $1,055,000

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5489
    Latitude
    41.1339
    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
    $54,597
    $36,630
    $589,990
    $626,620
    -
    $104,660
    $1,685,690
    $1,790,350

    Comparable in this City

    • Value Estimation
      $250,000
      1,720 SF

      1983 Akron Peninsula Rd

      OFFICE BUILDING • 1,720 SF
      1983 Akron Peninsula Rd, Akron, OH 44313-4809
      View Details
    • Value Estimation
      $365,000
      4,404 SF

      2108 Braewick Cir

      OFFICE BUILDING • 4,404 SF
      2108 Braewick Cir, Akron, OH 44313-6260
      View Details
    • Value Estimation
      $685,000
      27,423 SF

      1540 Market St

      OFFICE BUILDING • 27,423 SF
      1540 Market St, Akron, OH 44313-7114
      View Details
    • Value Estimation
      $235,000
      2,620 SF

      134 Western Ave

      OFFICE BUILDING • 2,620 SF
      134 Western Ave, Akron, OH 44313-6332
      View Details
    • Value Estimation by Request
      5,138 SF

      2181 Akron Peninsula Rd

      OFFICE BUILDING • 5,138 SF
      2181 Akron Peninsula Rd, Akron, OH 44313-4803
      View Details
    • Value Estimation
      $640,000
      31,894 SF

      1900 Market St

      OFFICE BUILDING • 31,894 SF
      1900 Market St, Akron, OH 44313-6927
      View Details

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      Riverparke Office Suites, Akron, OH

      Prime Akron office space, multiple suites available.
      1653 Merriman Rd, Akron, OH 44313
      View Details
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    Akron, OH 44313
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    Realmo Value Estimation

    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.

    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.

    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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