Entity Owned 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
Current use
Occupant on record · Public records
-
Warehouse & Storage
Location
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
since 2019
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Medical building
$2.1M
+63.4%
Restaurant
$2.0M
+58.9%
Auto repair, garage
$1.9M
+49.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.75M
Value range
$2.48M – $3.03M
±10% around blend
Estimated value / SF
$144 / SF
Confidence
High
7 county-verified comps
Property data
63
Market benchmarks
67
Comparable evidence
70
$2.48M
blend $2.75M
$3.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,120 SF
Lot area
5.05 ac
APN
67-63968
Assessed value
$1,728,090
Annual tax
$146,343
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.11M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.37M
@ 6.5% CAP return
$3.11M
@ 7% CAP return
$2.89M
4
Sales comparison
Partial preview
Sales approach indication
$1.04M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.3 mi away · 20,880 SF
5.1 mi away · 20,454 SF
10.5 mi away · 15,050 SF
14.0 mi away · 17,090 SF
17.2 mi away · 18,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.75M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 321 sales
$67
+115%
County 605 sales
$74
+94%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $144/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+63%
vs current-use indication
Restaurant
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.73M
Move the market yield to see immediate price impact.
Value / SF
$90
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$109k
$2.18M
$1.56M
$1.21M
$121k
$2.42M
$1.73M
$1.34M
$133k
$2.66M
$1.90M
$1.48M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$413k
2.8 mi · Dec 2025 · $29/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
5.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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