Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    449 Alexander St Akron, OH 44306-1769
    Back to Search
    Property profile & analytics

    449 Alexander St, Akron, OH 44306-1769

    View on Map
    • Residential income homes
    • 2,912 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US66-0594543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NEO Notary Now Network / Law Firm

    Property Details for 449 Alexander St

    Year built
    1929
    Lot size
    0.14 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    68-15749
    APU
    6815749

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2000 $72,000 Micheal J Morris Wilmar Properties Ltd Grant Deed $65k · National City Mortgage Co
    Nov 26, 1997 $69,000 Wilmar Properties Ltd Boulis,jason L Grant Deed —
    — — Wilmar Properties Ltd — Deed Of Trust · related $71k · Second National Bank Warren

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4895
    Latitude
    41.06
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,414
    $6,560
    $21,400
    $27,960
    -
    $18,750
    $61,130
    $79,880

    Comparable in this City

    • Value Estimation by Request
      4,096 SF

      929 Johnston St

      APARTMENT HOUSE (UNDER 5 UNITS)
      929 Johnston St, Akron, OH 44306-1364
      View Details
    • Value Estimation by Request
      2,960 SF

      1826 Anton Dr

      APARTMENT HOUSE (UNDER 5 UNITS)
      1826 Anton Dr, Akron, OH 44306
      View Details
    • Value Estimation by Request
      5,454 SF

      750 Baltimore Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      750 Baltimore Ave, Akron, OH 44306-3137
      View Details
    • Value Estimation by Request
      3,766 SF

      842 Barbara Ave, Unit 888

      APARTMENT HOUSE (UNDER 5 UNITS)
      842 Barbara Ave, Akron, OH 44306-3542
      View Details
    • Value Estimation by Request
      2,400 SF

      834 Donald Ave, Unit 872

      APARTMENT HOUSE (UNDER 5 UNITS)
      834 Donald Ave, Akron, OH 44306-3539
      View Details
    • Value Estimation by Request
      3,766 SF

      831 Palmetto Ave, Unit 875

      APARTMENT HOUSE (UNDER 5 UNITS)
      831 Palmetto Ave, Akron, OH 44306-3537
      View Details

    Similar Nearby for Sale

    • New
      $345,000
      2,484 SF

      Two-Duplex Rental Bundle

      Four updated one-bedroom units with month-to-month leases offer flexible occupancy and separately metered utilities.
      802 S Jenkins Blvd, Akron, OH 44306
      View Details
    • $140,000
      1,675 SF

      Updated Duplex: Investment Opportunity

      Well-maintained duplex with income potential after recent updates.
      231 Windsor St, Akron, OH 44306
      View Details
    • New
      $220,000
      2,234 SF

      Renovated Duplex with Separate Utilities

      Fully renovated 3-bedroom duplex with separate utilities and dedicated laundry hookups for each unit.
      1102 Allendale Ave, Akron, OH 44306
      View Details
    • New
      Contact for pricing
      2,484 SF

      Renovated Duplex with Private Patio

      Renovated duplex living with vaulted ceilings, updated kitchens, and a private patio plus detached one-car garage hookups.
      802 South Jenkins Blvd, Akron, OH 44306
      View Details
    • $150,000
      1,253 SF

      Two Homes on Wooded Lot

      Two homes on a large lot, central location, rehab potential.
      1664 Woods Rd, Akron, OH 44306
      View Details
    • Contact for pricing

      Nightclub/Restaurant with Liquor License

      Nightclub/restaurant with 35 seats, parking, patio, and liquor license.
      561 Seiberling St, Akron, OH 44306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,280 SF

      Freestanding Building on Waterloo Road

      Freestanding retail building with frontage on 1.73 acres.
      926 E Waterloo Rd, Akron, OH 44306
      View Details
    • Contact for pricing
      194,000 SF

      Akron Warehouse Space Available

      194,000 square foot warehouse/industrial property for lease in Akron.
      1535 Exeter Rd, Akron, OH 44306
      View Details
    • Contact for pricing

      Retail Space in Akron, OH

      Retail space in a vibrant Akron location.
      1117 S Arlington St, Akron, OH 44306
      View Details
    • Contact for pricing
      66,243 SF

      Akron Warehouse with High Bay

      286,381 SF warehouse with high ceilings near I-77.
      1503 Exeter Rd, Akron, OH 44306
      View Details
    • Contact for pricing
      11,233 SF

      Industrial Property with Freeway Access

      8-acre industrial site with buildings and dock space for lease.
      1350 Kelly Ave, Akron, OH 44306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    449 Alexander St
    Akron, OH 44306-1769
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    449 Alexander St, Akron, OH, 44306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!