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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
3485 Fortuna Dr, Akron, OH 44312-5293
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-6233836
Property summary
AI-generated overview
Exceptional investment opportunity: a 12,040 square foot, Class B office building in Akron, Ohio. This single-story, 1992-built property, situated on a 1.5-acre lot, underwent renovations in 2021. Currently boasting 100% occupancy with long-term tenants, it offers a stable income stream. The property features a newer parking lot and is conveniently located just off the S Arlington corridor, 3.31 miles from I-77. The building is zoned for commercial use and has an APN of 2810089. Annual property taxes are $11,184.14 (2023). Landlord responsibilities include taxes, repairs, insurance, and janitorial services are handled by the tenants. The asking price is $1,250,000, translating to a price per square foot of $103.82. This presents a compelling opportunity for investors seeking a well-maintained, fully occupied commercial property in a desirable Akron location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
12,040 SF
Lot
1.5 ac (65,340 SF)
APN
28-10089
UPID
US66-6233836
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
-
Campbell & Associates, Inc. Land Surveyor
-
Safy of Akron/Canton Child Welfare Organization Charitable Organization
-
Pamer Chiropractic Health Center Alternative Medicine Practice
-
Laser Pain Center Medical Clinic
-
D & M Subway Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$890k
Owner & transaction history
Monument Management LLC · 1 yrs held
Monument Management LLC
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+35.6%
Restaurant
$1.3M
+31.9%
Auto repair, garage
$1.2M
+24.0%
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
OFFICE BUILDING
$970,000
Current use
MEDICAL BUILDING
$1,315,000
Change: +36% · Conversion: Easy
RESTAURANT
$1,275,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,200,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,010,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$820,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $1.18M (Dec 14 2024)
Last sale anchor
$1.18M
Dec 14 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
$74 / 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
$11,184
Tax year 2023
Assessed value
$197,460
Assessed 2023
Previous assessed
$197,460
+0.0% YoY
Effective rate
5.66%
On assessed value
Assessed land
$36,820
Assessed improvement
$160,640
Land market value
$105,190
Improvement market value
$458,980
Total market value
$564,170
Applied tax rate
28.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
1
Total area
12,040 SF
Lot
1.5 ac (65,340 SF)
APN
28-10089
UPID
US66-6233836
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
OFFICE BUILDING Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$820,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
4
Bathrooms
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Monument Management LLC
Entity
Mailing address
3485 FORTUNA DR, AKRON, OH 44312-5293
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Monument Management LLC
—
Deed
related
$483,000 · Cascade Capital Corp
Mar 14, 2025
$1,175,000
Monument Management LLC
Tainajo Ltd
Warranty Deed
$587,500 · Consumers National Bank
Sep 23, 2010
$720,000
Tainajo Ltd
Aviation Insurance Managers INC
Warranty Deed
$561,062 · Jpmorgan Chase Bank NA
Sep 1, 2006
$610,000
Aviation Insurance Managers INC
Robert L Bendure Revocable Living T
Warranty Deed
$488,000 · 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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