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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Showrooms
1314 Krumroy Rd Akron, OH 44306-4322
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-0332683
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1954
Total area
7,378 SF
Lot
1 ac (43,560 SF)
APN
51-01586
UPID
US66-0332683
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
$1.20M
Comparable Approach
Comparable
$887k
Blend (final)
Blend
$1.14M
Owner & transaction history
Correct Properties LLC · 13 yrs held
Correct Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$805,000
+71.9%
Restaurant
$785,000
+67.2%
Auto repair, garage
$735,000
+57.2%
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%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$805,000
Change: +72% · Conversion: Easy
RESTAURANT
$785,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$155 / 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
$8,526
Tax year 2023
Assessed value
$117,630
Assessed 2023
Previous assessed
$117,630
+0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$15,400
Assessed improvement
$102,230
Land market value
$44,000
Improvement market value
$292,080
Total market value
$336,080
Applied tax rate
51.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
7,378 SF
Lot
1 ac (43,560 SF)
APN
51-01586
UPID
US66-0332683
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
$805,000
RESTAURANT
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
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
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Correct Properties LLC
Entity
Mailing address
1314 KRUMROY RD, AKRON, OH 44306-4322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2013
—
Correct Properties LLC
Kainec,alan J JR
Quit Claim Deed
related
—
Jun 4, 2010
$307,500
Alan J Kainec JR
Pepprent Properties LLC
Warranty Deed
$153,750 · Firstmerit Bank NA
Aug 17, 2007
—
Pepprent Properties LLC
Lenz,paul P
Warranty Deed
—
Oct 15, 1999
$199,000
Paul P Lenz
Putra Trust
Grant Deed
$169,150 · Firstmerit Bank NA
—
—
Alan J Kainec JR.
—
Deed Of Trust
related
$153,750 · Firstmerit Bank NA
—
—
Alan J Kainec JR.
—
Deed Of Trust
related
$126,000 · Cascade Capital Corp
—
—
Paul P Lenz
—
Deed Of Trust
related
$160,000 · Wayne Savings Community Bank
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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