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Property profile & analytics
OFF-MARKET
Estimated value
$12,115,000
Office Spaces
22 Exchange St A-3 Akron, OH 44308-1520
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2713719
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Construction
FRAME
Total area
68,055 SF
Lot
1.03 ac (44,954 SF)
APN
67-63280
UPID
US66-2713719
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
-
Anti-Aging Testosterone and HGH Therapy Clinic Medical Clinic
-
22 Exchange Condominium Complex Condominium Rental Agency
-
Geno's Landscaping & More Inc Landscaping General Contractor
-
Standard On Main Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
$13.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.12M
Owner & transaction history
Crei Akron LLC · 5 yrs held
Crei Akron LLC
since 2020
Last sale
$11.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.4M
+35.6%
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
$15,110,000
ML approach
$8,665,000
CAP Approach
CAP Return
Estimation
6%
$14,310,000
6.5%
$13,210,000
7%
$12,265,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,420,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$12.12M
Range $10.90M – $13.33M · ±10% · vs last sale $11.79M (Aug 27 2020)
Last sale anchor
$11.79M
Aug 27 2020
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
$178 / 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
$91,072
Tax year 2023
Assessed value
$194,320
Assessed 2023
Previous assessed
$86,980
+123.4% YoY
Effective rate
46.87%
On assessed value
Assessed land
$168,690
Assessed improvement
$25,630
Land market value
$481,980
Improvement market value
$73,230
Total market value
$555,210
Applied tax rate
67.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
42
Total area
68,055 SF
Lot
1.03 ac (44,954 SF)
APN
67-63280
UPID
US66-2713719
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
$7.4M
MEDICAL BUILDING
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
42
Lot
1.03 ac
Current owner
From public records · entity-resolved
Crei Akron LLC
Entity
Free & Clear · 5 yrs held
Mailing address
375 S MAIN ST, AKRON, OH 44311-1013
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
—
Crei Akron LLC
Rss Comm 2014 Ccre 18-oh
Warranty Deed
—
Dec 28, 2018
—
Rss Comm2014ccre18-oh Esh LLC
22 Exchange Student Hsng LLC
Grant Deed
—
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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