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Property profile & analytics
OFF-MARKET
Schools
264 Market St Akron, OH 44308
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-6060634
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1987
Total area
1,611 SF
Lot
0.97 ac (42,123 SF)
APN
67-15127
UPID
US66-6060634
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
-
Ontario Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
University Of Akron · 18 yrs held
University Of Akron
since 2008
7 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$738
Tax year 2023
Assessed value
$44,480
Assessed 2023
Previous assessed
$44,480
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$40,620
Assessed improvement
$3,860
Land market value
$116,050
Improvement market value
$11,020
Total market value
$127,070
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,611 SF
Lot
0.97 ac (42,123 SF)
APN
67-15127
UPID
US66-6060634
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
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
University Of Akron
Individual
Mailing address
264 E MARKET ST, AKRON, OH 44308
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2008
—
University Of Akron
Patel,satish R
Warranty Deed
—
Jul 26, 2006
—
Satish R Patel
Patel,satish R
Quit Claim Deed
related
$226,800 · Interbay Funding LLC
Dec 7, 2004
$260,000
Satish R Patel
Restaurant Developers Corp
Warranty Deed
$185,000 · Restaurant Developers Corp
—
—
Restaurant Developers Corp
—
Deed Of Trust
related
$250,000 · Commerce Exchange Bank
—
—
Restaurant Developers Corp
—
Deed Of Trust
related
$450,000 · Commerce Exchange Bank
—
—
Restaurant Developers Corp
—
Deed Of Trust
related
$700,000 · Commerce Exchange Bank
—
—
Restaurant Developers Corp
—
Deed Of Trust
related
$500,000 · Commerce Exchange Bank
—
—
Restaurant Developers Corp
—
Deed Of Trust
related
$150,000 · Commerce Exchange 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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