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Property profile & analytics
OFF-MARKET
Estimated value
$13,460,000
Parking lots & garages
375 Exchange St Akron, OH 44304-1726
Entity Owned
~
Est. High Equity
Property ID
US66-0265465
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2010
Total area
124,280 SF
Lot
0.11 ac (4,879 SF)
APN
68-05705
UPID
US66-0265465
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
-
SP+ Parking Parking Lot & Garage
-
InfoCision Stadium Sports Field & Court
-
Alumni Hall University of Akron High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.87M
Blend (final)
Blend
$13.46M
Owner & transaction history
Prg Akron Properties LLC
Prg Akron Properties LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.6M
+11.2%
Restaurant
$13.2M
+8.2%
Auto repair, garage
$12.4M
+1.7%
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
PARKING LOT
$12,185,000
Current use
MEDICAL BUILDING
$13,555,000
Change: +11% · Conversion: Difficult
RESTAURANT
$13,185,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,395,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,615,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$9,995,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$13.46M
Range $12.11M – $14.81M · ±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
$108 / 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
Assessed value
$3,312,190
Assessed 2023
Previous assessed
$3,312,190
+0.0% YoY
Assessed land
$12,810
Assessed improvement
$3,299,380
Land market value
$36,600
Improvement market value
$9,426,800
Total market value
$9,463,400
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
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
1
Rooms
13
Bathrooms
2
Total area
124,280 SF
Lot
0.11 ac (4,879 SF)
APN
68-05705
UPID
US66-0265465
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
PARKING LOT Current
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$13.6M
RESTAURANT
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
OFFICE BUILDING
Est. value
$10.0M
PARKING LOT Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Rooms
13
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Prg Akron Properties LLC
Entity
Mailing address
290 SPICER ST, AKRON, OH 44325-0056
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
Dec 17, 2025
—
Prg Akron Properties LLC
The University Of Akron
Deed
$290,000 · Us Bank NA
Nov 30, 2023
—
Uakronpark INC
The Universtiy Of Akron
Deed
—
Jan 14, 2019
—
Board Of Trustees Of The Unvi
University Of Akron Foundation
Quitclaim Deed
—
Mar 22, 2000
$50,000
Board Ot Trustees Of Universit
Mangan,irene
Grant Deed
—
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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