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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1525 S Hawkins Ave Akron, OH 44320
Entity Owned
Free & Clear
Property ID
US66-1478195
For Lease
1 / 6
$1,525,000
1525 S Hawkins Ave, Akron, OH 44320
View Listing →
Property summary
AI-generated overview
Hawkins Plaza, a single-story, 12.356-acre retail center in Akron, Ohio (APN: 6814148, 6814147, 6857682), offers a prime opportunity for businesses seeking high visibility and accessibility. Built in 1952 and zoned U-3, this Class C property boasts ample parking and a strong tenant mix including RSVP Food & Party Outlet, Planet Fitness, Family Dollar, Rent-A-Center, H&R Block, Huntington Bank, Subway, Octapharma Plasma, Metro PCS, Kick's Lounge Shoe Store, Broadway Beauty, and Nails 90 Nail Salon. Currently, one 1,924 square foot space is available. The property enjoys excellent visibility and convenient access, situated very close to the I-77 and I-76 interchange, and just blocks from a new Amazon distribution center. Its location in a densely populated area ensures high traffic and customer potential. This is a dominant retail center with a proven track record of success. The property consists of one building with multiple suites.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1952
Total area
31,024 SF
Lot
3.04 ac (132,640 SF)
APN
68-14147
UPID
US66-1478195
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
-
Huntington Mortgage Group Loan Service Bank
-
Huntington Bank Bank Loan Service
-
Huntington Insurance Insurance Agency
-
RSVP State Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Huntington Bank ATM (Drive-Up) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.53M
Owner & transaction history
ALBRECHT INC
ALBRECHT INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+41.6%
Apartment house (5+ units)
$2.1M
+19.8%
Commercial (general)
$2.1M
+17.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,760,000
Current use
OFFICE BUILDING
$2,495,000
Change: +42% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,110,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,070,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$49 / 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
$37,055
Tax year 2023
Assessed value
$412,730
Assessed 2023
Previous assessed
$412,730
+0.0% YoY
Effective rate
8.98%
On assessed value
Assessed land
$74,600
Assessed improvement
$338,130
Land market value
$213,150
Improvement market value
$966,080
Total market value
$1,179,230
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1952
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Buildings
2
Stories
2
Units
1
Total area
31,024 SF
Lot
3.04 ac (132,640 SF)
APN
68-14147
UPID
US66-1478195
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
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
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
1952
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
ALBRECHT INC
Entity
Free & Clear · 0 yrs held
Mailing address
1525 S HAWKINS AVE, AKRON, OH 44320-4054
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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