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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Showrooms
1569 Industrial Pkwy Akron, OH 44310-2603
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-0203867
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Total area
6,960 SF
Lot
1.99 ac (86,684 SF)
APN
68-57455
UPID
US66-0203867
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
-
Hoc Transport Co Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$930k
Owner & transaction history
C L Hummel Properties LLC · 19 yrs held
C L Hummel Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+45.2%
Restaurant
$740,000
+41.2%
Auto repair, garage
$695,000
+32.7%
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%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$760,000
Change: +45% · Conversion: Easy
RESTAURANT
$740,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$134 / 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
$10,289
Tax year 2023
Assessed value
$111,550
Assessed 2023
Previous assessed
$111,550
+0.0% YoY
Effective rate
9.22%
On assessed value
Assessed land
$39,250
Assessed improvement
$72,300
Land market value
$112,130
Improvement market value
$206,580
Total market value
$318,710
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
6,960 SF
Lot
1.99 ac (86,684 SF)
APN
68-57455
UPID
US66-0203867
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
$760,000
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
OFFICE BUILDING
Est. value
$560,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
C L Hummel Properties LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1569 INDUSTRIAL PKWY, AKRON, OH 44310-2603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Oct 6, 2006
$410,000
C L Hummel Properties LLC
Holland Oil
Warranty Deed
—
May 1, 2006
$410,100
Holland Oil Co
Macchiarole,michael
Warranty Deed
—
—
—
Michael Macchiarole
—
Deed Of Trust
related
$300,000 · Firstmerit Bank NA
—
—
Michael Macchiarole
—
Deed Of Trust
related
$900,000 · Firstmerit Bank NA
—
—
Michael Macciarole
—
Deed Of Trust
related
$200,000 · Firstmerit Bank NA
—
—
Michael Macciarole
—
Deed Of Trust
related
$40,000 · Firstmerit Bank NA
—
—
Michael Macchiarole
—
Deed Of Trust
related
$150,000 · Firstmerit Bank NA
—
—
Michael Macchiarole
—
Deed Of Trust
related
$581,500 · Firstmerit Bank NA
—
—
Michael Macchiarole
—
Deed Of Trust
related
$650,000 · Firstmerit Bank NA
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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