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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Manufacturing properties
2230 Picton Pkwy Akron, OH 44312-4269
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1733433
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
FRAME
Total area
63,934 SF
Lot
10.62 ac (462,651 SF)
APN
51-10450
UPID
US66-1733433
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
-
AirBorn, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.77M
CAP Approach
CAP
$4.59M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.97M
Owner & transaction history
Mccann Properties Ltd · 4 yrs held
Mccann Properties Ltd
since 2021
Last sale
$4.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+182.0%
Neighborhood: shopping center
$6.0M
+164.3%
Commercial (general)
$5.4M
+137.6%
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
$4,140,000
ML approach
$3,765,000
CAP Approach
CAP Return
Estimation
6%
$4,970,000
6.5%
$4,585,000
7%
$4,260,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,375,000
Change: +182% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,975,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,375,000
Change: +138% · Conversion: Difficult
OFFICE BUILDING
$5,145,000
Change: +127% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,350,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±10% · vs last sale $4.00M (Jul 23 2021)
Last sale anchor
$4.00M
Jul 23 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
$62 / 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
$99,783
Tax year 2023
Assessed value
$1,400,000
Assessed 2023
Previous assessed
$1,400,000
+0.0% YoY
Effective rate
7.13%
On assessed value
Assessed land
$168,240
Assessed improvement
$1,231,760
Land market value
$480,690
Improvement market value
$3,519,310
Total market value
$4,000,000
Applied tax rate
51.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
63,934 SF
Lot
10.62 ac (462,651 SF)
APN
51-10450
UPID
US66-1733433
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
AUTO REPAIR, GARAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
10.62 ac
Current owner
From public records · entity-resolved
Mccann Properties Ltd
Entity
Mailing address
2230 PICTON PKWY, AKRON, OH 44312-4269
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
$4,000,000
Mccann Properties Ltd
Aesco Holdings LLC
Warranty Deed
$3,000,000 · The Huntington National 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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