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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
451 Market St Akron, OH 44303-2044
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-6101931
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1921
Total area
5,040 SF
Lot
0.04 ac (1,742 SF)
APN
67-04108
UPID
US66-6101931
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
-
Gypsy Grace & The Vintage Goat Gift Shop Home Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$417k
Blend (final)
Blend
$505k
Owner & transaction history
Angel Gunter · 8 yrs held
Angel Gunter
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$550,000
+63.4%
Restaurant
$535,000
+58.9%
Auto repair, garage
$505,000
+49.4%
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
COMMERCIAL (GENERAL)
$335,000
Current use
MEDICAL BUILDING
$550,000
Change: +63% · Conversion: Easy
RESTAURANT
$535,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$505,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: +20% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$345,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$100 / 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
$4,278
Tax year 2023
Assessed value
$49,880
Assessed 2023
Previous assessed
$49,880
+0.0% YoY
Effective rate
8.58%
On assessed value
Assessed land
$2,290
Assessed improvement
$47,590
Land market value
$6,530
Improvement market value
$135,980
Total market value
$142,510
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1921
Heating
FORCED AIR
Cooling
NONE
Stories
3
Units
4
Bathrooms
4
Total area
5,040 SF
Lot
0.04 ac (1,742 SF)
APN
67-04108
UPID
US66-6101931
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
COMMERCIAL (GENERAL) Current
Est. value
$335,000
MEDICAL BUILDING
Est. value
$550,000
RESTAURANT
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
OFFICE BUILDING
Est. value
$405,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$345,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1921
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
4
Bathrooms
4
Lot
0.04 ac
Current owner
From public records · entity-resolved
Angel Gunter
Individual
Mailing address
451 W MARKET ST, AKRON, OH 44303-2044
Ownership since
2018
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
May 15, 2018
$140,000
Angel Gunter
Summit Living INC
Warranty Deed
$34,320 · Summit Living INC
Aug 9, 2016
$140,000
Joseph S Scheibe
Wilson Plumbing & Heating INC
Dual Purpose Document
related
$115,000 · Private Individual
Jun 1, 2015
—
Wilson Plumbing & Heating INC
Fay Jackie
Quit Claim Deed
related
—
Apr 30, 2010
$140,000
Jackie Fay
Wilson Plumbing & Heating INC
Grant Deed
—
Dec 22, 2003
—
Akron City (oh)
Wilson Plumbing & Heating INC
Quit Claim Deed
related
—
Dec 31, 2002
$85,000
Wilson Plumbing & Heating INC
Whitman,reid D & Peggy J
Grant Deed
$97,500 · Peggy J & Reid Whitman
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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