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Property profile & analytics
FOR LEASE
Strip malls
2801 E Waterloo Rd Akron, OH 44312
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-2801039
For Lease
1 / 7
$7,095,000
2801 E Waterloo Rd, Akron, OH 44312
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
76,000 SF
Lot
4 ac (174,196 SF)
APN
51-03080
UPID
US66-2801039
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
-
Huntington Bank Bank Loan Service
-
Giant Eagle Bakery Bakery Specialty Food Shop
-
Giant Eagle Pharmacy Pharmacy
-
Giant Eagle Supermarket Grocery & Convenience Store Food Market
-
Huntington Bank ATM (Walk Up) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Department Of Transportation · 8 yrs held
Department Of Transportation
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+16.7%
Restaurant
$8.1M
+13.5%
Auto repair, garage
$7.6M
+6.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$7,105,000
Current use
MEDICAL BUILDING
$8,290,000
Change: +17% · Conversion: Difficult
RESTAURANT
$8,065,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,580,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,390,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$6,115,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±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
$93 / 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
$134,559
Tax year 2023
Assessed value
$1,890,000
Assessed 2023
Previous assessed
$1,890,000
+0.0% YoY
Effective rate
7.12%
On assessed value
Assessed land
$83,970
Assessed improvement
$1,806,030
Land market value
$239,920
Improvement market value
$5,160,080
Total market value
$5,400,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
76,000 SF
Lot
4 ac (174,196 SF)
APN
51-03080
UPID
US66-2801039
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$8.3M
RESTAURANT
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
4 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 8 yrs held
Mailing address
2801 E WATERLOO RD #2845, AKRON, OH 44312-4046
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2017
$629
Department Of Transportation
Harvest Station LLC
Warranty Deed
—
Feb 11, 2015
$7,960,000
Harvest Station LLC
Garrison Central Harvest Plaza
Grant Deed
—
Jan 15, 2013
—
Central Harvest Plaza Garrison
—
Deed Of Trust
related
$35,656,500 · Cit Financial Service
Oct 5, 2012
$8,700,000
Central Harvest Plaza Garrison
Harvest Properties Corp
Grant Deed
related
—
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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