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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Parking lots & garages
409 Brown St Akron, OH 44311-1247
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1582939
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1905
Total area
1,637 SF
Lot
0.1 ac (4,269 SF)
APN
68-27895
UPID
US66-1582939
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
-
Brownstone Apartments I, LLC Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Rjed Corp · 1 yrs held
Rjed Corp
since 2025
Last sale
$1.3M
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
Method
Estimation
Statistic approach
$1,250,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.30M (Apr 10 2025)
Last sale anchor
$1.30M
Apr 10 2025
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
$754 / 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
$1,006
Tax year 2023
Assessed value
$10,620
Assessed 2023
Previous assessed
$10,620
+0.0% YoY
Effective rate
9.47%
On assessed value
Assessed land
$6,090
Assessed improvement
$4,530
Land market value
$17,390
Improvement market value
$12,950
Total market value
$30,340
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
1905
Heating
NONE
Stories
2
Rooms
8
Bathrooms
2
Total area
1,637 SF
Lot
0.1 ac (4,269 SF)
APN
68-27895
UPID
US66-1582939
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
1905
Heating
NONE
Stories
2
Rooms
8
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Rjed Corp
Entity
Mailing address
409 BROWN ST, AKRON, OH 44311-1247
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
Apr 10, 2025
$1,299,000
Rjed Corp
Brownstone Apartments I LLC
Warranty Deed
$1,038,000 · University Cu
Feb 25, 2020
$1,646,000
Brownstone Apartments I LLC
Brownstone Apartments LLC
Warranty Deed
$1,234,500 · S & T Bank
Nov 21, 2016
—
Brownstone Apartments LLC
—
Grant Deed
related
$1,282,157 · Portage Cmnty Bk
Dec 15, 2011
—
Brownstone Apartments LLC
Brownstone Apartments Limited Liabi
Warranty Deed
$1,184,000 · Firstmerit Bank NA
Oct 12, 1999
—
Brownstone Apartments LLC
Woodford,david D
Quit Claim Deed
related
—
Sep 1, 1998
—
Barnes & Noble Booksellers INC
Battaglino,john L
Quit Claim Deed
related
—
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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