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Property profile & analytics
FOR LEASE
Super regional malls
2855 W Market St Akron, OH 44333
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-1336335
For Lease
1 / 3
$4,155,000
2855 W Market St, Akron, OH 44333
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Total area
46,699 SF
Lot
2.33 ac (101,495 SF)
APN
09-03156
UPID
US66-1336335
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.63M
Blend (final)
Blend
$4.16M
Owner & transaction history
Fairlawn Station LLC · 13 yrs held
Fairlawn Station LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+16.7%
Restaurant
$5.0M
+13.5%
Auto repair, garage
$4.7M
+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
$4,365,000
Current use
MEDICAL BUILDING
$5,095,000
Change: +17% · Conversion: Difficult
RESTAURANT
$4,955,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,655,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$4,475,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$4.16M
Range $3.74M – $4.57M · ±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
$89 / 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
$112,669
Tax year 2023
Assessed value
$1,981,500
Assessed 2023
Previous assessed
$1,981,500
+0.0% YoY
Effective rate
5.69%
On assessed value
Assessed land
$187,570
Assessed improvement
$1,793,930
Land market value
$535,900
Improvement market value
$5,125,510
Total market value
$5,661,410
Applied tax rate
9.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1965
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
16
Total area
46,699 SF
Lot
2.33 ac (101,495 SF)
APN
09-03156
UPID
US66-1336335
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
$4.4M
MEDICAL BUILDING
Est. value
$5.1M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
16
Lot
2.33 ac
Current owner
From public records · entity-resolved
Fairlawn Station LLC
Entity
Mailing address
2855 W MARKET ST #2789, FAIRLAWN, OH 44333-4006
Ownership since
2013
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
Mar 25, 2013
—
Fairlawn Station LLC
—
Deed Of Trust
related
$291,500,000 · Key Bank NA
Feb 12, 2013
$42,200,000
Fairlawn Station LLC
Ag/wp Fairlawn Owner LLC
Grant Deed
$600,000,000 · Key Bank NA
Jun 1, 2010
$28,000,000
Ag/wp Fairlawn Owner LLC
E&a Northeast Limited Partnership
Limited Warranty Deed
$23,100,000 · Wells Fargo Bank NA
Aug 27, 1998
$414,175
E LP
Fairlawn Ventures LP
Grant Deed
—
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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