Property profile

1720 Merriman Rd Akron, OH 44313

OFF-MARKET
Strip malls
Property ID
US66-2442264
13,528 SF 0.7 ac lot Built 1972
Individually Owned 24-yr Hold Free & Clear
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Property summary

AI-generated overview

The property includes two retail suites designated as Suite F and Suite 0, totaling 110 sq ft for Suite F and 108 sq ft for Suite 0. Suite F is situated at the rear corner of the property and has a window, while Suite 0 includes a sink. The suites are serviced by shared utility provision covered by an additional monthly fee.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Total area 13,528 SF
Lot 0.7 ac (30,361 SF)
APN 68-22076
UPID US66-2442264

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
  • Data Center IT Consulting Firm
  • Home Health Care Service Home Help
  • Hair Salon Nail Salon
  • Restaurant
  • Spa & Massage Center

Location

1720 Merriman Rd Akron, OH 44313-5280
Akron metro Census 507203 AKRON, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$395k

Owner & transaction history

since 2002
2 recorded transactions
2002
$400,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.5M +16.7%
Restaurant $1.4M +13.5%
Auto repair, garage $1.4M +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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