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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
2181 Akron Peninsula Rd, Akron, OH 44313-4803
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US66-5720067
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
5,138 SF
Lot
0.33 ac (14,375 SF)
APN
35-01573
UPID
US66-5720067
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
-
Construction Industry Development General Contractor Construction Company
-
East Central Ohio Sheet Metal Air Conditioning Association (ECO-SMACNA) Association / Organization
-
Mechanical Contractors Association of Akron, OH (MCA AKRON) Charitable Organization Social Service Agency
-
AGC of Akron Association / Organization
-
ECO SMACNA Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$725k
Owner & transaction history
Akron Agc Holdings Ltd · 17 yrs held
Akron Agc Holdings Ltd
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$560,000
+35.6%
Restaurant
$545,000
+31.9%
Auto repair, garage
$510,000
+24.0%
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%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Change: +36% · Conversion: Easy
RESTAURANT
$545,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$510,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$141 / 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
$9,826
Tax year 2023
Assessed value
$143,470
Assessed 2023
Previous assessed
$143,470
+0.0% YoY
Effective rate
6.85%
On assessed value
Assessed land
$11,730
Assessed improvement
$131,740
Land market value
$33,500
Improvement market value
$376,400
Total market value
$409,900
Applied tax rate
35.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
5,138 SF
Lot
0.33 ac (14,375 SF)
APN
35-01573
UPID
US66-5720067
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
$560,000
RESTAURANT
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
MEDICAL BUILDING
RESTAURANT
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
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Akron Agc Holdings Ltd
Entity
Mailing address
2181 AKRON PENINSULA RD, AKRON, OH 44313-4803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2008
$420,000
Akron Agc Holdings Ltd
Jeffrey E Gregory
Warranty Deed
$336,000 · Firstmerit Bank NA
Nov 4, 2005
$300,000
Jeffrey E Gregory
Valuelite Engineered Products
Grant Deed
—
Oct 17, 2003
$292,000
Valuelite Engineered Product
Shively,richard T & Alma
Grant Deed
$234,000 · Bank One NA
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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