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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Commercial real estate
109-111 Main St, Akron, OH 44308
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-2393172
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1913
Total area
11,634 SF
Lot
0.09 ac (3,790 SF)
APN
67-12857
UPID
US66-2393172
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$875k
Owner & transaction history
Jillys Music Room LLC · 13 yrs held
Jillys Music Room LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+63.4%
Restaurant
$1.2M
+58.9%
Auto repair, garage
$1.2M
+49.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
MEDICAL BUILDING
$1,270,000
Change: +63% · Conversion: Easy
RESTAURANT
$1,235,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,160,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,085,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$935,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +2% · Conversion: Moderate
RETAIL STORES
$660,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$75 / 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
$7,870
Tax year 2023
Assessed value
$79,020
Assessed 2023
Previous assessed
$79,020
+0.0% YoY
Effective rate
9.96%
On assessed value
Assessed land
$3,320
Assessed improvement
$75,700
Land market value
$9,490
Improvement market value
$216,280
Total market value
$225,770
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1913
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
1
Total area
11,634 SF
Lot
0.09 ac (3,790 SF)
APN
67-12857
UPID
US66-2393172
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
COMMERCIAL (GENERAL) Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
RETAIL STORES
Est. value
$660,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1913
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jillys Music Room LLC
Entity
Free & Clear · 13 yrs held
Mailing address
111 N MAIN ST, AKRON, OH 44308-1921
Ownership since
2013
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
May 10, 2013
—
Jillys Music Room LLC
Madden,jill B & Robert
Quit Claim Deed
related
—
Oct 31, 2012
$310,000
Jill B Madden
Sheriff Of Summit County
Trustees Deed
related
—
—
—
111 N Main Street INC
—
Deed Of Trust
related
$220,000 · Debra A Hummert
—
—
111 N Main Street INC
—
Deed Of Trust
related
$50,000 · George Roush
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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