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    Property profile & analytics

    1230 Canton Rd Akron, OH 44312-3321

    • Drive through restaurants
    • 5,626 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2407904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • ATM / Atm

    Property Details for 1230 Canton Rd

    Year built
    1999
    Lot size
    0.88 lot acres
    Property size
    5,626 SF
    Property type
    Drive through restaurants
    APN
    51-02464
    APU
    5102464

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $769,000
      Market price range: $240k - $1.09M
      AI Estimate
      $864,000
      Market price range: $433k - $1.03M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $595,000
      Current use
      MEDICAL BUILDING
      $615,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $560,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $525,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4289
    Latitude
    41.0319
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,569
    $60,250
    $313,800
    $374,050
    -
    $172,150
    $896,560
    $1,068,710

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      2068 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,880 SF
      2068 Market St, Akron, OH 44312-1114
      View Details
    • Value Estimation
      $1,860,000
      1,860 SF

      1254 George Washington Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,860 SF
      1254 George Washington Blvd, Akron, OH 44312-3008
      View Details
    • Value Estimation by Request
      2,352 SF

      710 Canton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,352 SF
      710 Canton Rd, Akron, OH 44312-2607
      View Details
    • Value Estimation
      $2,805,000
      2,701 SF

      863 Arlington E Rdg

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,701 SF
      863 Arlington E Rdg, Akron, OH 44312-5276
      View Details
    • Value Estimation by Request
      1,606 SF

      3031 Arlington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,606 SF
      3031 Arlington Rd, Akron, OH 44312-5211
      View Details
    • Value Estimation by Request
      2,108 SF

      3217 Arlington Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,108 SF
      3217 Arlington Rd, Akron, OH 44312-5215
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grocery Anchored Shopping Center

      Akron, OH shopping center with significant upside potential.
      498-552 Canton Rd, Akron, OH 44312
      View Details
    • Contact for pricing
      9,248 SF

      Akron Investment Opportunity For Sale

      Multi-tenant retail property in Akron's Ellet neighborhood.
      2504-2512 Triplett Blvd, Akron, OH 44312
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      Retail/Office Investment Opportunity

      Commercial investment property with rental history near SR 91/SR 224.
      2751 Old Home Rd, Akron, OH 44312
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      2.75 Acres

      Akron Commercial Land - High Traffic Area

      Prime Akron location, 15 acres, I-77/76 access.
      2011 Waterloo Rd, Akron, OH 44312
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    • $749,900
      7.04 Acres

      Akron Commercial Land For Sale

      7 acres of commercial land with conversion potential in Akron.
      1134 E Turkeyfoot Lake Rd, Akron, OH 44312
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    • $150,000
      0.42 Acres

      Residential Land in Premier Community

      Spacious home sites in Green, OH, near city utilities.
      Kenway Blvd, Green, OH 44312
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    Similar Nearby for Lease

    • Contact for pricing
      2,877 SF

      Former Restaurant on Canton Road

      Restaurant space for lease with high traffic volume.
      1266 Canton Rd, Akron, OH 44312
      View Details
    • Contact for pricing
      8,858 SF

      Ellet Acme Plaza: Retail Spaces Available

      Grocery-anchored retail center; spaces from 1,000 sq ft.
      2420 Wedgewood Dr, Akron, OH 44312
      View Details
    • Contact for pricing
      252,297 SF

      Lakemore Plaza: Akron Office/Retail

      Prime Akron location, multiple suites available.
      1492-1540 Canton Rd, Akron, OH 44312
      View Details
    • Contact for pricing

      Ellet Acme Plaza Retail Space

      Grocery-anchored shopping center in Akron's Ellet neighborhood.
      2420 Wedgewood Dr, Akron, OH 44312
      View Details
    • Contact for pricing
      800 SF

      Community Shopping Center Retail Space

      Retail spaces available in community shopping center near major routes.
      1492-1500 Canton Rd, Akron, OH 44312
      View Details
    • Contact for pricing
      3,827 SF

      Retail Space Near Aldi

      3,827 SF retail space adjacent to new ALDI.
      2981 S Arlington Rd, Akron, OH 44312
      View Details

    Property Visit Statistics

    • Visits by month
      49.6k
    • Visitors by month
      25.7k
    • Avg Time on site
      9 min
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    Akron, OH 44312-3321
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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