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Property profile & analytics
OFF-MARKET
Commercial real estate
29 Merriman Rd Akron, OH 44303
Individually Owned
1-yr Hold
Free & Clear
Property ID
US66-1565954
Property summary
AI-generated overview
This 1,200 square foot flex building in Akron, Ohio, presents a compelling investment opportunity at an asking price of $125,000. Situated on a fenced 0.124-acre lot at 29 Merriman Road, this property boasts excellent visibility and frontage on Merriman Road, near the high-traffic West Market Street. The building features two garage doors: one 10' x 8' drive-in door and another 8' x 8' drive-in door, the latter including adjacent storage space. Easy ingress and egress are key advantages, enhanced by the secure fenced lot. Located close to Downtown Akron and Rockne's Pub on West Market Street, this property benefits from convenient access and high visibility. The U-3 Retail Business District zoning allows for diverse uses, making this a versatile option for a variety of businesses. The property's features include ample storage and a prime location with high traffic counts along West Market Street.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Total area
1,260 SF
Lot
0.12 ac (5,401 SF)
APN
67-02635
UPID
US66-1565954
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James D Leslie · 1 yrs held
James D Leslie
since 2025
Last sale
$125,000
2 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
$1,038
Tax year 2023
Assessed value
$8,680
Assessed 2023
Previous assessed
$8,680
+0.0% YoY
Effective rate
11.96%
On assessed value
Assessed land
$5,670
Assessed improvement
$3,010
Land market value
$16,200
Improvement market value
$8,600
Total market value
$24,800
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Total area
1,260 SF
Lot
0.12 ac (5,401 SF)
APN
67-02635
UPID
US66-1565954
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
1954
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
James D Leslie
Individual
Free & Clear · 1 yrs held
Mailing address
569 W MARKET ST, AKRON, OH 44303-1838
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
$125,000
James D Leslie
James W Amer
Deed
—
Aug 6, 2019
—
Amer Family Trust
Amer,james W
Quit Claim 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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