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Property profile & analytics
FOR LEASE
Retail space
2981 S Arlington Rd Akron, OH 44312
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-1233947
For Lease
1 / 3
$2,265,000
2981 S Arlington Rd, Akron, OH 44312
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
24,331 SF
Lot
1.31 ac (57,064 SF)
APN
52-00103
UPID
US66-1233947
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
-
Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
-
Akron Area Commercial Cleaning General Contractor
-
Genesis Medical Supply Medical Supply Store
-
All Things Granted Consultant
-
Ally Digital LLC Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.27M
Owner & transaction history
Passerina Properties LLC · 19 yrs held
Passerina Properties LLC
since 2006
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+92.0%
Restaurant
$2.6M
+86.8%
Auto repair, garage
$2.4M
+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
$1,380,000
Current use
MEDICAL BUILDING
$2,655,000
Change: +92% · Conversion: Difficult
RESTAURANT
$2,580,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,425,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,275,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,045,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$1,955,000
Change: +42% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,655,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±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
$37,823
Tax year 2023
Assessed value
$527,480
Assessed 2023
Previous assessed
$527,480
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$38,970
Assessed improvement
$488,510
Land market value
$111,350
Improvement market value
$1,395,740
Total market value
$1,507,090
Applied tax rate
52.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
24,331 SF
Lot
1.31 ac (57,064 SF)
APN
52-00103
UPID
US66-1233947
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
$1.4M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Passerina Properties LLC
Entity
Free & Clear · 19 yrs held
Mailing address
2981 S ARLINGTON RD, AKRON, OH 44312-4717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Sep 30, 2016
—
Ashgee Properties LLC
—
Deed
related
$2,350,000 · Farmers Insurance Group FCU
Sep 25, 2006
$4,042,000
Passerina Properties LLC
Nt Acquisition-portfolio One L
Grant Deed
—
Mar 25, 1999
$31,000
Nt Axquisition Portfolio One
Arlington Road LLC
Grant Deed
$2,300,000 · Prime Capital
Jul 28, 1998
$2,900,000
Arlington Road LLC
Kadish,lawrence
Grant Deed
$2,300,000 · Provident Savings 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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