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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Office Spaces
12 7th St Akron, PA 17501-1331
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-2916560
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
FRAME
Total area
6,032 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C-1
APN
020-19358-0-0000
UPID
US73-2916560
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
$1.16M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.47M
Owner & transaction history
Akron Business Center LLC · 19 yrs held
Akron Business Center LLC
since 2007
4 recorded transactions
Zoning & alternative use
C-1 · Akron, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,475,000
Current use
RESTAURANT
$1,220,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,215,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$244 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,907
Tax year 2024
Assessed value
$795,300
Assessed 2024
Previous assessed
$795,300
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$93,000
Assessed improvement
$702,300
Land market value
$93,000
Improvement market value
$702,300
Total market value
$795,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
6,032 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C-1
APN
020-19358-0-0000
UPID
US73-2916560
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Akron, PA
Zoning C-1 · permitted uses
C-1 · Akron, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Akron. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL 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
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Akron Business Center LLC
Entity
Mailing address
18TH S 7TH ST, AKRON, PA 17501-1300
Ownership since
2007
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
Sep 4, 2024
—
Akron Business Center LLC
—
Deed
related
$350,000 · The Ephrata National Bank
May 26, 2023
—
Akron Business Center LLC
—
Deed
related
$312,000 · Truist Bank
Dec 21, 2021
—
Akron Business Center LLC
—
Deed
related
$100,000 · Truist Bank
May 14, 2007
$950,000
Akron Business Center LLC
Mccamant,barry L & Sheryl A
Grant Deed
$900,000 · Leroy S Hoover
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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