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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Showrooms
120 Cole Ave Akron, OH 44301-1757
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-5185315
Property summary
AI-generated overview
This exceptional Class A industrial facility, totaling 107,368 square feet, is situated on a 4.41-acre lot at 120 Cole Avenue Extension, Akron, Ohio, 44301. The property, built in 2020, features a single, two-story building with 91,178 square feet currently available for lease. The minimum divisible space is 70,000 square feet, with a maximum contiguous space of 91,178 square feet. The building boasts a 32-foot ceiling height, providing ample vertical clearance for various industrial uses. Loading capabilities are robust, with 14 loading docks and 2 drive-in doors. The property is served by 3-phase, 4-wire, 1,600-amp, 277/480-volt power. Located in the Firestone Park submarket cluster, near downtown Akron, this property benefits from convenient access to Cole Avenue Extension and Firestone Parkway. The zoning is U-5 Ordinary Industry, and the Summit County APN is 6763968. This modern facility is ideal for manufacturing and warehouse/distribution operations seeking a prime location in Akron's thriving industrial sector.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Total area
19,120 SF
Lot
5.05 ac (220,022 SF)
APN
67-63968
UPID
US66-5185315
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
-
OnTrac Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.75M
Owner & transaction history
Pvc Akron LLC · 6 yrs held
Pvc Akron LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+63.4%
Restaurant
$2.0M
+58.9%
Auto repair, garage
$1.9M
+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%
$3,370,000
6.5%
$3,110,000
7%
$2,890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,085,000
Change: +63% · Conversion: Easy
RESTAURANT
$2,030,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,905,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,785,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±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
$144 / 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
$146,343
Tax year 2023
Assessed value
$1,728,090
Assessed 2023
Previous assessed
$1,728,090
+0.0% YoY
Effective rate
8.47%
On assessed value
Assessed land
$63,400
Assessed improvement
$1,664,690
Land market value
$181,150
Improvement market value
$4,756,260
Total market value
$4,937,410
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
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
Heating
FORCED AIR
Total area
19,120 SF
Lot
5.05 ac (220,022 SF)
APN
67-63968
UPID
US66-5185315
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
$2.1M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
FORCED AIR
Lot
5.05 ac
Current owner
From public records · entity-resolved
Pvc Akron LLC
Entity
Free & Clear · 6 yrs held
Mailing address
120 COLE AVE, AKRON, OH 44301-1757
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
—
Pvc Akron LLC
City Of Akron
Grant Deed
—
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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