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Property profile & analytics
FOR LEASE
Medical Office Space
4040 Embassy Pkwy Akron, OH 44333
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1953554
For Lease
1 / 3
$19 SF/Yr
4040 Embassy Pkwy, Akron, OH 44333
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
54,976 SF
Lot
3.46 ac (150,718 SF)
APN
04-05799
UPID
US66-1953554
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
-
CBIZ Business To Business Service Financial Consultant
-
Sovereign Chemical Company Chemical Plant
-
INPATIENT MEDICAL SERVICES Corporate Office
-
CooksonPeirce Bank Credit Union
-
Ruport Co Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.20M
Owner & transaction history
Embassy Park Akron LP · 10 yrs held
Embassy Park Akron LP
since 2016
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
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
MEDICAL BUILDING
$5,995,000
Current use
RESTAURANT
$5,830,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,485,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$5,270,000
Change: -12% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,140,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±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
$76 / 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
$85,155
Tax year 2023
Assessed value
$1,295,370
Assessed 2023
Previous assessed
$1,295,370
+0.0% YoY
Effective rate
6.57%
On assessed value
Assessed land
$381,470
Assessed improvement
$913,900
Land market value
$1,089,900
Improvement market value
$2,611,150
Total market value
$3,701,050
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Bathrooms
4
Total area
54,976 SF
Lot
3.46 ac (150,718 SF)
APN
04-05799
UPID
US66-1953554
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
MEDICAL BUILDING Current
Est. value
$6.0M
RESTAURANT
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
4
Lot
3.46 ac
Current owner
From public records · entity-resolved
Embassy Park Akron LP
Entity
Mailing address
4040 EMBASSY PKWY, AKRON, OH 44333-8326
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jan 21, 2016
$4,256,260
Embassy Park Akron LP
4040 Embassy Invvestments LLC
Limited Warranty Deed
—
May 2, 2012
$2,900,514
4040 Embassy Investment LLC
4040 Embassy LLC
Grant Deed
—
Sep 22, 2004
—
4040 Embassy LLC
Dellagnese,john D III
Grant Deed
$3,700,000 · Transamerica Occidental Life
—
—
4040 Embassy Investment LLC
—
Deed Of Trust
related
$24,000,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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