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Property profile & analytics
OFF-MARKET
Estimated value
$11,410,000
Manufacturing properties
1331 Kelly Ave Akron, OH 44306-3773
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-6098512
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
203,059 SF
Lot
55.62 ac (2,422,807 SF)
APN
67-58758
UPID
US66-6098512
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
-
Landmark Plastic Corporation Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.57M
Comparable Approach
Comparable
$11.45M
Blend (final)
Blend
$11.41M
Owner & transaction history
LP Akron Funding Company LLC · 8 yrs held
LP Akron Funding Company LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.0M
+164.3%
Office building
$16.3M
+127.4%
Apartment house (5+ units)
$13.8M
+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%
$15,785,000
6.5%
$14,570,000
7%
$13,530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,980,000
Change: +164% · Conversion: Difficult
OFFICE BUILDING
$16,335,000
Change: +127% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,820,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,880,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$11.41M
Range $10.27M – $12.55M · ±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
$56 / 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
$285,523
Tax year 2023
Assessed value
$3,314,500
Assessed 2023
Previous assessed
$3,314,500
+0.0% YoY
Effective rate
8.61%
On assessed value
Assessed land
$335,210
Assessed improvement
$2,979,290
Land market value
$957,750
Improvement market value
$8,512,250
Total market value
$9,470,000
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
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
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
203,059 SF
Lot
55.62 ac (2,422,807 SF)
APN
67-58758
UPID
US66-6098512
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
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.0M
OFFICE BUILDING
Est. value
$16.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$12.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
55.62 ac
Current owner
From public records · entity-resolved
LP Akron Funding Company LLC
Entity
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2018
$1,444,168
LP Akron Funding Company LLC
Stnl Akron LLC
Warranty Deed
$105,800 · Goldman Sachs Mortgage Company
Aug 14, 2015
$9,200,000
Stnl Akron LLC
Stag II Akron LLC
Grant Deed
$75,000,000 · Pnc Bk
Jan 11, 2006
$7,247,700
Stag II Akron LLC
Keystone Opal LLC
Grant Deed
—
Jan 11, 2006
$1,752,300
Stag II Akron LLC
Defino Opal Family LLC
Grant Deed
$127,000,000 · Connecticut General Life Ins
Jan 11, 2006
—
Defino Opal Family LLC
Keystone Opal LLC
Grant Deed
—
Apr 28, 2005
$7,150,000
Keystone Opal LLC
Merzweiler,robert G
Warranty Deed
$5,720,000 · Lasalle National Bank
Dec 20, 2000
—
Robert G Merweiler
—
Deed Of Trust
related
$6,000,000 · Firstmerit Bank NA
—
—
Stag II Akron LLC
—
Deed Of Trust
related
$7,000,000 · Connecticut General Life Ins
—
—
Stag II Akron LLC
—
Loan Modification
related
$7,000,000 · Connecticut General Life Ins
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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