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Property profile & analytics
OFF-MARKET
Commercial land
389 Albert Pl Akron, OH 44303-2003
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-3903044
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1919
Total area
1,144 SF
Lot
0.13 ac (5,837 SF)
APN
67-31238
UPID
US66-3903044
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smithers Wareham Real Estate LLC · 1 yrs held
Smithers Wareham Real Estate LLC
since 2025
Last sale
$23,500
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$235
Tax year 2023
Assessed value
$2,450
Assessed 2023
Previous assessed
$2,450
+0.0% YoY
Effective rate
9.59%
On assessed value
Assessed land
$2,450
Land market value
$6,990
Total market value
$6,990
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
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1919
Heating
YES
Stories
2
Rooms
7
Bathrooms
1
Total area
1,144 SF
Lot
0.13 ac (5,837 SF)
APN
67-31238
UPID
US66-3903044
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
1919
Heating
YES
Stories
2
Rooms
7
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Smithers Wareham Real Estate LLC
Entity
Free & Clear · 1 yrs held
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
Smithers Wareham Real Estate LLC
Smithers Mse INC
Quitclaim Deed
related
—
Oct 24, 2003
$23,500
Smithers Scientific Svcs INC
Lasalle National Bank
Grant Deed
—
Sep 30, 2003
$15,200
Lasalle National Bank
Anastasio,aurelio
Trustees Deed
related
—
Dec 6, 1999
$42,500
Aurelio Anastasio
Schulz,mark A
Grant Deed
$31,875 · Alliance Funding Co
Jun 18, 1997
$15,000
Mark A Schulz
Ardelian,daniel K
Grant Deed
—
—
—
Mark A Schultz
—
Deed Of Trust
related
$19,755 · Fifth Third Bank Ne Ohio
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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