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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Residential income homes
2147-2151 8th St Akron, OH 44314
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2724498
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1913
Total area
4,320 SF
Lot
0.24 ac (10,367 SF)
APN
68-38676
UPID
US66-2724498
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Scholes Rentals LLC · 2 yrs held
Scholes Rentals LLC
since 2023
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$470,000
+60.2%
Auto repair, garage
$430,000
+46.5%
Neighborhood: shopping center
$405,000
+37.3%
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
$725,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$470,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$430,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $610k (Aug 7 2023)
Last sale anchor
$610k
Aug 7 2023
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
$153 / 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
$2,200
Tax year 2023
Assessed value
$24,470
Assessed 2023
Previous assessed
$24,470
+0.0% YoY
Effective rate
8.99%
On assessed value
Assessed land
$9,960
Assessed improvement
$14,510
Land market value
$28,460
Improvement market value
$41,460
Total market value
$69,920
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1913
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
4
Rooms
24
Bathrooms
4
Total area
4,320 SF
Lot
0.24 ac (10,367 SF)
APN
68-38676
UPID
US66-2724498
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
$470,000
AUTO REPAIR, GARAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1913
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Rooms
24
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Scholes Rentals LLC
Entity
Mailing address
397 COLE AVE, AKRON, OH 44301-1820
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
$610,000
Scholes Rentals LLC
Kelley Properties INC
Warranty Deed
—
Dec 26, 2012
$49,500
Kelley Properties INC
Jwjp Ents LLC
Warranty Deed
—
Oct 30, 2007
$2,300,000
Jwjp Ents LLC
Bauer Richard T Trust
Warranty Deed
$600,000 · Richard T Bauer
Dec 19, 2005
—
Richard T Bauer
Momus Real Estate Holdings Ltd
Quit Claim Deed
related
—
Sep 19, 2001
—
Richard T Bauer
Lilly,thomas D & Cheryl A
Grant Deed
related
—
Apr 9, 1999
$122,000
Thomas D Lilly
Bauer,richard T & Victoria S
Grant Deed
$116,000 · Seller
—
—
Richard T Bauer
—
Deed Of Trust
related
$96,750 · Cit Group Consumer Finance INC
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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