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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Commercial real estate
313-315 Market St Akron, OH 44303
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-1102492
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
5,985 SF
Lot
0.25 ac (10,890 SF)
APN
68-01007
UPID
US66-1102492
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
$551k
Blend (final)
Blend
$630k
Owner & transaction history
321 West Market LLC · 8 yrs held
321 West Market LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$655,000
+63.4%
Restaurant
$635,000
+58.9%
Auto repair, garage
$595,000
+49.4%
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
COMMERCIAL (GENERAL)
$400,000
Current use
MEDICAL BUILDING
$655,000
Change: +63% · Conversion: Easy
RESTAURANT
$635,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$405,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$105 / 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
$5,862
Tax year 2023
Assessed value
$65,900
Assessed 2023
Previous assessed
$65,900
+0.0% YoY
Effective rate
8.90%
On assessed value
Assessed land
$18,110
Assessed improvement
$47,790
Land market value
$51,730
Improvement market value
$136,550
Total market value
$188,280
Applied tax rate
68.0000
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
1982
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
0
Total area
5,985 SF
Lot
0.25 ac (10,890 SF)
APN
68-01007
UPID
US66-1102492
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
COMMERCIAL (GENERAL) Current
Est. value
$400,000
MEDICAL BUILDING
Est. value
$655,000
RESTAURANT
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
OFFICE BUILDING
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$405,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.25 ac
Current owner
From public records · entity-resolved
321 West Market LLC
Entity
Free & Clear · 8 yrs held
Mailing address
317 W MARKET ST #321, AKRON, OH 44303-2168
Ownership since
2018
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
Jan 23, 2018
$310,000
321 West Market LLC
Akron Associated Appointments LLC
Warranty Deed
—
Jul 29, 2003
—
Akron Appointments Assoc LLC
Lamonica,lee & Katherine I
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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