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Property profile & analytics
OFF-MARKET
Estimated value
$343,925,000
Showrooms
2450 Romig Rd Akron, OH 44320-3827
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1047398
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2019
Total area
2,750,060 SF
Lot
92.95 ac (4,048,815 SF)
APN
68-62010
UPID
US66-1047398
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
-
Elliott Schaefer Clothing Store
-
Amazon Fulfillment Center AKC1 Warehouse & Storage
-
Amazon AKC1 Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$330.58M
Blend (final)
Blend
$343.93M
Owner & transaction history
Akron Romig Road LLC · 6 yrs held
Akron Romig Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$299.9M
+63.4%
Restaurant
$291.8M
+58.9%
Auto repair, garage
$274.3M
+49.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$299,920,000
Change: +63% · Conversion: Easy
RESTAURANT
$291,755,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$274,265,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$257,050,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$221,215,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$343.93M
Range $309.53M – $378.32M · ±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
$125 / 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
$5,497,491
Tax year 2023
Assessed value
$65,946,720
Assessed 2023
Previous assessed
$65,946,720
+0.0% YoY
Effective rate
8.34%
On assessed value
Assessed land
$1,283,380
Assessed improvement
$64,663,340
Land market value
$3,666,790
Improvement market value
$184,752,410
Total market value
$188,419,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1
Total area
2,750,060 SF
Lot
92.95 ac (4,048,815 SF)
APN
68-62010
UPID
US66-1047398
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
$299.9M
RESTAURANT
Est. value
$291.8M
AUTO REPAIR, GARAGE
Est. value
$274.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$257.1M
OFFICE BUILDING
Est. value
$221.2M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
92.95 ac
Current owner
From public records · entity-resolved
Akron Romig Road LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2330 ROMIG RD, AKRON, OH 44320-3825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
—
Akron Romig Road LLC
—
Deed
related
$2,037,870,000 · Umb Bk
Nov 27, 2019
—
Akron Romig Road LLC
—
Deed Of Trust
related
$180,290,000 · Fifth Third Bk
Jul 29, 2019
—
Akron Romig Road LLC
Akron Romig Road LLC
Quit Claim Deed
related
—
Nov 27, 2018
—
Akron Romig Road LLC
City Of Akron
Quit Claim Deed
related
—
Nov 27, 2018
$225,000
Akron Romig Road LLC
Lsh Romig Akron LLC
Warranty Deed
related
—
Jun 24, 2016
—
City Of Akron
Sheriff Of Summit County|premier Ventures LLC
Foreclosure
related
—
Jun 20, 2016
—
Premier Ventures LLC
—
Deed Of Trust
related
$750,000 · Private Individual
Nov 2, 2010
$3,000,000
Premier Ventures LLC
Invest Commercial LLC
Quit Claim Deed
related
$1,157,000 · Invest Commercial LLC
May 27, 2010
—
2400 Romig Road LLC
Yama Rahimzada
Warranty Deed
related
—
Apr 8, 2010
$500,000
Justin Investments LLC
Akron Commercial Dev LLC
Warranty Deed
—
Mar 1, 2010
$80,500
Old Main One LLC
Jtl Chancellor Akron LLC
Warranty Deed
—
—
—
Old Main One LLC
—
Deed Of Trust
related
$50,000 · Jenco Property Ltd
—
—
Old Main One LLC
—
Deed Of Trust
related
$50,000 · Jenco Property Ltd
—
—
Akron Romig Road LLC
—
Deed Of Trust
related
$2,037,870,000 · Umb Bk
—
—
2400 Romig Road LLC
—
Deed Of Trust
related
$862,500 · Cf Bk
—
—
Old Main One LLC
—
Deed Of Trust
related
$125,000 · Jenco Properties Ltd
—
—
Old Main One LLC
—
Deed Of Trust
related
$500,000 · Oui INC
—
—
Old Main One LLC
—
Deed Of Trust
related
$50,000 · Jeff Hill
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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