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Property profile & analytics
FOR SALE
Retail properties & Spaces
1038 E Tallmadge Ave Akron, OH 44310
Individually Owned
9-yr Hold
Free & Clear
Property ID
US66-4527086
For Sale
1 / 2
$1,332,242
1038 E Tallmadge Ave, Akron, OH 44310
View Listing →
Property summary
AI-generated overview
Exceptional investment opportunity featuring a six-unit portfolio of Dollar Tree and Family Dollar stores strategically located across Ohio, Pennsylvania, and Alabama. This portfolio sale offers a combined 56,760 square feet of net rentable space situated on approximately 7.18 acres of land. The properties boast convenient locations within urban centers or near major highways, ensuring high visibility and accessibility. All leases are corporately guaranteed by Dollar Tree and Family Dollar, providing significant financial stability and security. With a strong net operating income (NOI) of $436,066 and a compelling 6.64% cap rate, this portfolio presents a rare chance to acquire a well-established, high-performing retail investment. Dollar Tree, a Fortune 500 company (NASDAQ: DLTR) with an S&P BBB credit rating, and Family Dollar are national retailers with thousands of stores, demonstrating their market dominance and brand recognition. Dollar Tree's continued expansion, evidenced by the opening of 641 new stores in 2023 and generating $30.6 billion in net sales, further underscores the strength and growth potential of this investment. The asking price for this exceptional portfolio is $6,570,000. This is a portfolio sale only.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2015
Total area
10,120 SF
Lot
0.98 ac (42,689 SF)
APN
67-63655
UPID
US66-4527086
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$680k
Owner & transaction history
Mytron L Carothers · 9 yrs held
Mytron L Carothers
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+173.4%
Restaurant
$1.1M
+166.0%
Auto repair, garage
$1.0M
+150.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Akron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Akron submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,105,000
Change: +173% · Conversion: Difficult
RESTAURANT
$1,075,000
Change: +166% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,010,000
Change: +150% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +134% · Conversion: Moderate
OFFICE BUILDING
$815,000
Change: +102% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: +88% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,980
Tax year 2023
Assessed value
$471,490
Assessed 2023
Previous assessed
$471,490
+0.0% YoY
Effective rate
8.48%
On assessed value
Assessed land
$37,360
Assessed improvement
$434,130
Land market value
$106,730
Improvement market value
$1,240,370
Total market value
$1,347,100
Applied tax rate
67.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
2015
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
10,120 SF
Lot
0.98 ac (42,689 SF)
APN
67-63655
UPID
US66-4527086
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
OFFICE BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Mytron L Carothers
Individual
Free & Clear · 9 yrs held
Mailing address
1038 E TALLMADGE AVE, AKRON, OH 44310-3516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2017
—
Mytron L Carothers
Carothers,bret A
Affidavit Of Death
related
—
Oct 21, 2015
$1,350,000
Hmvp Holdings LLC
Cmd Tallmadge LLC
Special Warranty Deed
$945,000 · Fsgbank NA
Aug 1, 2014
—
County Of Summit
County Of Summit
Quit Claim Deed
$750,000 · First Fed'l S&l/lakewood
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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