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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Hospitals
209 Merriman Rd Akron, OH 44303-1904
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2332929
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1915
Total area
114,114 SF
Lot
3.25 ac (141,570 SF)
APN
68-37040
UPID
US66-2332929
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
-
The Merriman Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Merriman Realty LLC · 5 yrs held
Merriman Realty LLC
since 2021
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,095,000
ML approach
$1,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10% · vs last sale $2.03M (Apr 14 2021)
Last sale anchor
$2.03M
Apr 14 2021
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
$18 / 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
$89,445
Tax year 2023
Assessed value
$1,034,210
Assessed 2023
Previous assessed
$1,034,210
+0.0% YoY
Effective rate
8.65%
On assessed value
Assessed land
$108,060
Assessed improvement
$926,150
Land market value
$308,750
Improvement market value
$2,646,140
Total market value
$2,954,890
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
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1915
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
16
Bathrooms
6
Total area
114,114 SF
Lot
3.25 ac (141,570 SF)
APN
68-37040
UPID
US66-2332929
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
Building & site characteristics
From public records
Year built
1915
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
16
Bathrooms
6
Lot
3.25 ac
Current owner
From public records · entity-resolved
Merriman Realty LLC
Entity
Mailing address
209 MERRIMAN RD, AKRON, OH 44303-1904
Ownership since
2021
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
Apr 14, 2021
$2,025,000
Merriman Realty LLC
209 Merriman Road LLC
Limited Warranty Deed
$3,600,000 · Dwight Mortgage Trust LLC
Jun 6, 2006
—
209 Merriman Road LLC
Merriman Of Akron LLC
Quit Claim Deed
—
Dec 19, 2003
—
Merriman Of Akron LLC
—
Deed Of Trust
related
$1,800,000 · Provident Savings Bank
Jul 23, 2003
—
Merriman Of Akron LLC
Sumner For The Aged INC
Grant Deed
$4,000,000 · Provident Savings Bank
—
—
Merriman Of Akron LLC
—
Deed Of Trust
related
$1,950,000 · Fifth Third Bank
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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