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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Springside Dr Akron, OH 44333-2431

    • Hotels
    • 45,462 SF
    • 2.61 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2024
    $4,800,000
    Value Estimations
    $4,800,000
    Show details
    Cap Rate Potential
    2.5%
    Hotels
    Location Intelligence
    Property ID
    US66-1383463
    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

    • Courtyard Akron Fairlawn / Hotel & Motel
    • 100 Springside Drive Parking / Parking Lot & Garage

    Property Details for 100 Springside Dr

    Year built
    1996
    Lot size
    2.61 lot acres
    Property size
    45,462 SF
    Property type
    Hotels
    APN
    05-00709
    APU
    500709

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,800,000
      ML approach
      $4,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,224,000
      Market price range: $2.49M - $6.22M
      AI Estimate
      $3,870,000
      Market price range: $510k - $3.87M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,780,000
      Current use
      MEDICAL BUILDING
      $4,960,000
      Change: +31% Conversion: Difficult
      RESTAURANT
      $4,825,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,535,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $4,360,000
      Change: +15% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,250,000
      Change: +12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,095,000
      Change: -18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,035,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.647
    Latitude
    41.1381
    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
    $104,365
    $287,750
    $1,233,970
    $1,521,720
    -
    $822,150
    $3,525,640
    $4,347,790

    Comparable in this City

    • Value Estimation
      $4,845,000
      29,433 SF

      80 Springside Dr

      HOTEL • 29,433 SF
      80 Springside Dr, Akron, OH 44333-2429
      View Details
    • Value Estimation
      $4,150,000
      106,155 SF

      4073 Medina Rd

      HOTEL • 106,155 SF
      4073 Medina Rd, Akron, OH 44333-2476
      View Details
    • Value Estimation
      $5,325,000
      77,307 SF

      4080 Embassy Pkwy

      HOTEL • 77,307 SF
      4080 Embassy Pkwy, Akron, OH 44333-1700
      View Details
    • Value Estimation
      $6,380,000
      93,085 SF

      208-210 Springside Dr

      HOTEL • 93,085 SF
      208-210 Springside Dr, Akron, OH 44333
      View Details
    • Value Estimation
      $8,330,000
      208,635 SF

      3180 Market St

      HOTEL • 208,635 SF
      3180 Market St, Fairlawn, OH 44333-3314
      View Details
    • Value Estimation by Request
      3,434 SF

      2248 Cleveland Massillon Rd

      MOTEL • 3,434 SF
      2248 Cleveland Massillon Rd, Akron, OH 44333-1255
      View Details

    Similar Nearby for Sale

    • $234,900

      Spacious Condo with Recent Updates

      Updated condo with over 2,000 sq ft, near amenities.
      171 Court Dr, Fairlawn, OH 44333
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    • Contact for pricing
      1,710 SF

      Fairlawn Retail/Office Space For Sale

      Prime retail/office space in Fairlawn, across from Summit Mall.
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    • $495,000
      0.58 Acres

      Fairlawn Commercial Land - $495K

      High-traffic Fairlawn land, ideal for retail.
      0 Miller Rd, Fairlawn, OH 44333
      View Details
    • $1,175,000
      0.78 Acres

      Fairlawn Commercial Building For Sale

      Versatile 12,495 sq. ft. commercial building on 0.78 acres.
      82 N Miller Rd, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      2,307 SF

      New Construction Drive-Thru Restaurant

      New construction drive-thru restaurant in a premier retail corridor.
      4100 Medina Rd, Akron, OH 44333
      View Details
    • $19,900,000
      97,845 SF

      Class A Office Building in Fairlawn, OH

      97,845 SF, 100% Occupied, High NOI
      703 Cleveland Massillon Rd, Fairlawn, OH 44333
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      464 SF

      Fairlawn Office Suites For Lease

      Lower level office suites in central Fairlawn area.
      55 S Miller Rd, Akron, OH 44333
      View Details
    • Contact for pricing
      2,556 SF

      Ghent Road Retail Opportunity

      Prime Fairlawn location, 2,556 sq ft, QSR potential
      145 Ghent Rd, Fairlawn, OH 44333
      View Details
    • Contact for pricing

      Prime Fairlawn Commercial Land

      6.2 Acres, Single Tenant Opportunity
      175 Ghent Rd, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      36,100 SF

      Fairlawn Retail Space Sublease

      36,100 SF grocery anchor sublease in Akron, OH.
      3737 W Market St, Akron, OH 44333
      View Details
    • $3,350 /Mo
      17,001 SF

      Fairlawn Office Space For Lease

      Flexible office suites available in a prime Fairlawn location.
      70 N Miller Rd, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      150 SF

      Fairlawn Executive Office Suites

      Executive office suites for rent in Fairlawn, Ohio.
      123 S Miller Rd, Fairlawn, OH 44333
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.1k
    • Avg Time on site
      489 min
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    Akron, OH 44333-2431
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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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