Property profile

1702 Merriman Rd 1718 Akron, OH 44313

OFF-MARKET
Strip malls
Property ID
US66-2745337
8,338 SF 0.78 ac lot Built 1961
Individually Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1961
Total area 8,338 SF
Lot 0.78 ac (33,803 SF)
APN 67-27081
UPID US66-2745337

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
  • Restaurant

Location

1702 Merriman Rd, Unit 1718 Akron, OH 44313-5252
Akron metro Census 507203 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$899k
Blend (final) Blend
$775k

Owner & transaction history

since 2014
2 recorded transactions
2020
Price N/A
2014
$350,000

Zoning & alternative use

Top alternative use upside
Medical building $910,000 +16.7%
Restaurant $885,000 +13.5%
Auto repair, garage $830,000 +6.7%

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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