Property profile

1501 Vernon Odom Blvd Akron, OH 44320

OFF-MARKET
Other automotive properties
Property ID
US66-1370412
16,020 SF 4.65 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a paved automotive dealership site on 4.65 acres, improved with approximately 16,750 square feet of building area that includes storage buildings and a photo booth building. It is zoned UPD-4 (Planned Development District) and provides a fully paved parking surface intended to accommodate large vehicle volume. The improvements were built in 1988 and include specified automotive-related equipment such as seven floor-mounted lift units, a paint booth, and office furniture. The site is adjacent to Interstate-77, providing roadway access in the Northeast Ohio area, and it may support alternative uses such as equipment sales, machine shop operations, and other business activities consistent with the zoning. Summit County Parcel ID is 6762794, and the property is configured for industrial outdoor storage.

Property profile

Verified
Property type Other automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1988
Total area 16,020 SF
Lot 4.65 ac (202,728 SF)
APN 67-62794
UPID US66-1370412

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
  • Car Dealership
  • Car Dealership

Location

1501 Vernon Odom Blvd Akron, OH 44320-4027
Akron metro Census 508800 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.60M

Owner & transaction history

since 2020
Last sale
$1.3M
3 recorded transactions
2020
$1.3M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.7M +9.4%
Restaurant $1.7M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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