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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Commercial real estate
186 Cleveland Massillon Rd Akron, OH 44333-2467
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2037247
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
7,560 SF
Lot
1.09 ac (47,350 SF)
APN
15-08043
UPID
US66-2037247
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
-
Installation Services General Contractor
-
Lowe's Garden Center Garden Center
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Kids At Heart Preschool & Child Care Center Daycare Center
-
Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$835k
Owner & transaction history
Akron Warwick Exchange LLC · 6 yrs held
Akron Warwick Exchange LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$825,000
+63.4%
Restaurant
$800,000
+58.9%
Auto repair, garage
$755,000
+49.4%
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
COMMERCIAL (GENERAL)
$505,000
Current use
MEDICAL BUILDING
$825,000
Change: +63% · Conversion: Easy
RESTAURANT
$800,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$755,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$515,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$110 / 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
$27,679
Tax year 2023
Assessed value
$379,380
Assessed 2023
Previous assessed
$379,380
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$79,900
Assessed improvement
$299,480
Land market value
$228,290
Improvement market value
$855,650
Total market value
$1,083,940
Applied tax rate
15.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,560 SF
Lot
1.09 ac (47,350 SF)
APN
15-08043
UPID
US66-2037247
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
COMMERCIAL (GENERAL) Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$825,000
RESTAURANT
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$515,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Akron Warwick Exchange LLC
Entity
Mailing address
186 S CLEVELAND MASSILLON RD, AKRON, OH 44333-3053
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
—
Sunshine Equity Group LLC
—
Deed
related
$320,000 · Civista Bank
Feb 3, 2020
$18,500,000
Akron Warwick Exchange LLC
Herbert Newman
Deed
$12,487,500 · Morgan Stanley Bank NA
Dec 20, 2019
$395,938
Newman,nancy H Trust
Pollacheck Paula N Trust
Grant Deed
—
Jul 2, 2019
—
Sunshine Equity Group LLC
—
Deed
related
$210,000 · Civista Bank
May 15, 2019
—
City Of Fairlawn
Sunshine Equity Group LLC
Warranty Deed
—
May 7, 2019
—
Pollachek,paula N Trust
Herbert Newman Ents LLC
Quitclaim Deed
—
Dec 28, 2018
—
Burkhardt Dev Group INC
Bsn LLC
Grant Deed
—
Jun 20, 2017
—
Sunshine Equity Group LLC
—
Deed
related
$50,000 · Civista Bank
Dec 5, 2016
—
Sunshine Equity Group LLC
Marmont II Ltd
Warranty Deed
$750,000 · Civista Bank
Aug 30, 2010
—
Marmont II Ltd
Marmont Ltd
Quit Claim Deed
related
—
—
—
Marmont II Ltd
—
Deed Of Trust
related
$2,000,000 · Citizens Banking Co
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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