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Property profile & analytics
OFF-MARKET
Estimated value
$2,770,000
Manufacturing properties
1566 Akron Peninsula Rd Akron, OH 44313-7980
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-0743359
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Total area
47,040 SF
Lot
8 ac (348,480 SF)
APN
35-05880
UPID
US66-0743359
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
-
LINCARE LONG TERM CARE Home Health Care Service Medical Equipment Supplier
-
The Blick Center-Community Living Charitable Organization Social Service Agency
-
Old Portage Heliport Heliport
-
America's Best Medical Equipment Corporate Office
-
LEAD Academy Sports Training & Fitness Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.77M
Owner & transaction history
Lolo Properties · 7 yrs held
Lolo Properties
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.4M
+164.3%
Office building
$3.8M
+127.4%
Apartment house (5+ units)
$3.2M
+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%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,665,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,395,000
Change: +164% · Conversion: Difficult
OFFICE BUILDING
$3,785,000
Change: +127% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,200,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,140,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.05M · ±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
$59 / 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
$36,151
Tax year 2023
Assessed value
$527,840
Assessed 2023
Previous assessed
$527,840
+0.0% YoY
Effective rate
6.85%
On assessed value
Assessed land
$157,640
Assessed improvement
$370,200
Land market value
$450,410
Improvement market value
$1,057,700
Total market value
$1,508,110
Applied tax rate
35.0000
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
1960
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
47,040 SF
Lot
8 ac (348,480 SF)
APN
35-05880
UPID
US66-0743359
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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
8 ac
Current owner
From public records · entity-resolved
Lolo Properties
Entity
Mailing address
1566 AKRON PENINSULA RD, AKRON, OH 44313-7980
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2019
—
Lolo Properties LLC
—
Deed
related
$175,000 · S & T Bank
Jan 2, 2019
$1,010,000
Lolo Properties
Old Prtage Corp
Warranty Deed
$808,000 · S & T Bank
Dec 10, 2001
$19,600
Old Portage Corp
Old Portage Corp
Quit Claim Deed
related
—
—
—
Dandrea Family
—
Deed Of Trust
related
$266,700 · Us Small Business Admn
—
—
Dandrea Family
—
Deed Of Trust
related
$77,500 · Us Small Business Admn
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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