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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Individual retail properties
323 Market St, Akron, OH 44303-2168
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2479645
Property summary
AI-generated overview
This exceptional single-tenant industrial property, located at 323 W Market St in Akron, Ohio, presents a compelling investment opportunity. The 15,486-square-foot warehouse, built in 1944, sits on a 1.176-acre lot and is classified as Class C. The building features a single story and is zoned U-3. The property's address is 323 W Market St, Akron, OH 44303, and its Summit County location offers convenient access to major transportation routes. The property consists of one building with no individual suites. The total building square footage is 15,486 square feet. Multiple APNs are associated with the property: 6723209, 6718926, 6723206, 6723205, 6723207, 6723208, and 6830221. This light industrial warehouse is ideal for a variety of uses and presents a strong potential for return on investment. The property is available for purchase at $600,000. This is a rare opportunity to acquire a well-situated industrial property in a thriving market. Serious inquiries are encouraged.
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1944
Total area
15,436 SF
Lot
0.23 ac (10,019 SF)
APN
67-23209
UPID
US66-2479645
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Hea & Kea LLC · 1 yrs held
Hea & Kea LLC
since 2024
Last sale
$575,000
4 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
Method
Estimation
Statistic approach
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Aug 28 2024)
Last sale anchor
$575k
Aug 28 2024
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
$37 / 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
$14,533
Tax year 2023
Assessed value
$171,020
Assessed 2023
Previous assessed
$171,020
+0.0% YoY
Effective rate
8.50%
On assessed value
Assessed land
$16,660
Assessed improvement
$154,360
Land market value
$47,590
Improvement market value
$441,030
Total market value
$488,620
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
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1944
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
1
Total area
15,436 SF
Lot
0.23 ac (10,019 SF)
APN
67-23209
UPID
US66-2479645
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
1944
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hea & Kea LLC
Entity
Free & Clear · 1 yrs held
Mailing address
323 W MARKET ST APT 117A, AKRON, OH 44303-2168
Ownership since
2024
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
Aug 28, 2024
$575,000
Hea & Kea LLC
Model Ohio Enterprises LLC
Limited Warranty Deed
—
Oct 31, 2019
$600,000
Model Ohio Ents LLC
Fussy Properties Ltd
Grant Deed
—
Feb 14, 2000
—
Fussy Properties Ltd
Baraona,jane & John
Grant Deed
related
—
—
—
Fussy Properties Ltd
—
Deed Of Trust
related
$610,000 · Firstmerit Bank NA
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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