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Property profile & analytics
OFF-MARKET
Estimated value
$11,875,000
Retail properties & Spaces
2887 Arlington Rd Akron, OH 44312-4715
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US66-1257281
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1992
Total area
156,522 SF
Lot
24.05 ac (1,047,618 SF)
APN
51-09296
UPID
US66-1257281
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
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Western Union Bank Credit Union
-
Jessica Padgett Pharmacy
-
Ashley Mcelhaney Pharmacy
-
Walmart Pet Services Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.63M
Blend (final)
Blend
$11.88M
Owner & transaction history
Apple American LP · 25 yrs held
Apple American LP
since 2000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.1M
+92.0%
Restaurant
$16.6M
+86.8%
Auto repair, garage
$15.6M
+75.6%
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
RETAIL STORES
$8,890,000
Current use
MEDICAL BUILDING
$17,070,000
Change: +92% · Conversion: Difficult
RESTAURANT
$16,605,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,610,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,630,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,155,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$12,590,000
Change: +42% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,655,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$11.88M
Range $10.69M – $13.06M · ±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
$76 / 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
$174,320
Tax year 2023
Assessed value
$2,450,000
Assessed 2023
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
7.12%
On assessed value
Assessed land
$446,620
Assessed improvement
$2,003,380
Land market value
$1,276,060
Improvement market value
$5,723,940
Total market value
$7,000,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
156,522 SF
Lot
24.05 ac (1,047,618 SF)
APN
51-09296
UPID
US66-1257281
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
RETAIL STORES Current
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$17.1M
RESTAURANT
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$15.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$13.2M
OFFICE BUILDING
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.7M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
24.05 ac
Current owner
From public records · entity-resolved
Apple American LP
Entity
Mailing address
2887 S ARLINGTON RD, AKRON, OH 44312-4715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Sep 18, 2000
$530,000
Apple American LP
Wal-mart Real Estate Business
Grant Deed
$10,000,000 · Fleet Business Credit Corp
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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