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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Manufacturing properties
1245 Home Ave Akron, OH 44310-2510
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US66-0750217
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Total area
23,784 SF
Lot
7.17 ac (312,325 SF)
APN
68-59607
UPID
US66-0750217
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
-
Performance Health Industrial Manufacturer Production Facility
-
The Hygenic Corporation Association / Organization
-
Active Ankle Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.23M
Owner & transaction history
Hygenic Corp · 26 yrs held
Hygenic Corp
since 2000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+127.4%
Commercial (general)
$1.8M
+112.4%
Apartment house (5+ units)
$1.6M
+92.5%
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%
$1,850,000
6.5%
$1,705,000
7%
$1,585,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$840,000
Current use
OFFICE BUILDING
$1,915,000
Change: +127% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,785,000
Change: +112% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$52 / 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
$75,704
Tax year 2023
Assessed value
$889,470
Assessed 2023
Previous assessed
$889,470
+0.0% YoY
Effective rate
8.51%
On assessed value
Assessed land
$106,120
Assessed improvement
$783,350
Land market value
$303,190
Improvement market value
$2,238,130
Total market value
$2,541,320
Applied tax rate
68.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
23,784 SF
Lot
7.17 ac (312,325 SF)
APN
68-59607
UPID
US66-0750217
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
INDUSTRIAL (GENERAL) Current
Est. value
$840,000
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
7.17 ac
Current owner
From public records · entity-resolved
Hygenic Corp
Entity
Mailing address
1245 HOME AVE, AKRON, OH 44310-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2007
—
Hygenic Corp
—
Deed Of Trust
related
$118,000,000 · General Electric Capital Corp
May 2, 2000
$3,612,000
Hygenic Corp
Hygenic Corp
Grant Deed
related
$29,500,000 · Heller Financial Trustee
—
—
Hygenic Corp
—
Loan Modification
related
$215,000,000 · Madison Cap Fndg
—
—
Hygenic Corp
—
Deed Of Trust
related
$120,000,000 · Ares Capital Corp Ares Capital Corp
—
—
Hygenic Corp
—
Loan Modification
related
$183,000,000 · Madison Capital Funding LLC
—
—
Hygenic Corp
—
Deed Of Trust
related
$24,000,000 · American Capital Financial Svc
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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