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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Showrooms
1071 Eastwood Ave Akron, OH 44305-1127
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-6098502
Property summary
AI-generated overview
This exceptional industrial property at 1071 Eastwood Ave, Akron, OH 44305, presents a unique investment opportunity. The property consists of two buildings totaling 8,000 square feet on a one-acre lot (145x299 ft) in Summit County, zoned Indust-Light. Built in 1998, the warehouse features a vaulted ceiling, approximately 4,000 square feet of open space, and three 14x16' dock-high doors. The property also includes approximately 1,000 square feet of office space equipped with HVAC, a bathroom, and LED lighting. Additional amenities include 30 parking spaces and a pitched metal roof (approx. 2000 installation). The property is secured by fencing. The seller covers water expenses up to $100 per month (lease contingent). There are also additional garage bays totaling approximately 3,000 square feet. The seller will consider leasing or a lease-to-purchase option. The property is available for occupancy on September 17, 2024, with a current lease expiring February 10, 2025. The property includes single-phase electric.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Total area
5,000 SF
Lot
1 ac (43,560 SF)
APN
68-59303
UPID
US66-6098502
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
-
Sweeping Corp of America Sanitation Service
-
Broom and Vac (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$580k
Owner & transaction history
1071 Holdings LLC · 1 yrs held
1071 Holdings LLC
since 2024
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$545,000
+77.1%
Restaurant
$530,000
+72.3%
Auto repair, garage
$500,000
+62.0%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$545,000
Change: +77% · Conversion: Easy
RESTAURANT
$530,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$400,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Dec 2 2024)
Last sale anchor
$580k
Dec 2 2024
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
$116 / 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
$6,343
Tax year 2023
Assessed value
$75,470
Assessed 2023
Previous assessed
$75,470
+0.0% YoY
Effective rate
8.40%
On assessed value
Assessed land
$28,000
Assessed improvement
$47,470
Land market value
$80,000
Improvement market value
$135,630
Total market value
$215,630
Applied tax rate
68.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
5,000 SF
Lot
1 ac (43,560 SF)
APN
68-59303
UPID
US66-6098502
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
$545,000
RESTAURANT
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$465,000
OFFICE BUILDING
Est. value
$400,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
1071 Holdings LLC
Entity
Mailing address
1071 EASTWOOD AVE, AKRON, OH 44305-1127
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$580,000
1071 Holdings LLC
Mitchell W Barkman
Deed
$632,162 · Portage Community Bank
Feb 4, 2010
—
Barkman Family Trust
Barkman,mitchell W
Quit Claim Deed
related
—
—
—
Barkman Family Trust
—
Deed Of Trust
related
$135,270 · Pnc Bank
—
—
Mitchell W Barkman
—
Deed Of Trust
related
$165,636 · National City Bank
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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