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Property profile & analytics
OFF-MARKET
Estimated value
$10,345,000
Hospitals
251 Cleveland Massillon Rd, Akron, OH 44333-2423
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-5293713
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2018
Construction
FRAME
Total area
72,219 SF
Lot
5.15 ac (224,160 SF)
APN
05-00819
UPID
US66-5293713
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
-
Heritage Crossing Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.10M
Comparable Approach
Comparable
$11.18M
Blend (final)
Blend
$10.35M
Owner & transaction history
Nxm Akron Owner LLC · 5 yrs held
Nxm Akron Owner LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$13,105,000
6.5%
$12,095,000
7%
$11,230,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,875,000
Current use
RESTAURANT
$7,660,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,200,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$6,925,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,750,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$10.35M
Range $9.31M – $11.38M · ±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
$143 / 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
$265,801
Tax year 2023
Assessed value
$3,891,040
Assessed 2023
Previous assessed
$3,891,040
+0.0% YoY
Effective rate
6.83%
On assessed value
Assessed land
$359,400
Assessed improvement
$3,531,640
Land market value
$1,026,850
Improvement market value
$10,090,400
Total market value
$11,117,250
Applied tax rate
5.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
98
Total area
72,219 SF
Lot
5.15 ac (224,160 SF)
APN
05-00819
UPID
US66-5293713
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 Current
Est. value
$7.9M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
98
Lot
5.15 ac
Current owner
From public records · entity-resolved
Nxm Akron Owner LLC
Entity
Mailing address
CLEVELAND MASSILLON RD, AKRON, OH 44333
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
—
Nxm Akron Owner LLC
—
Deed Of Trust
related
$51,538,175 · First Merchants Bk
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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