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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Residential income homes
467-469 Spicer St, Akron, OH 44311
Entity Owned
4-yr Hold
Property ID
US66-2797479
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2000
Total area
6,468 SF
Lot
0.2 ac (8,712 SF)
APN
67-05148
UPID
US66-2797479
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
$666k
Blend (final)
Blend
$650k
Owner & transaction history
Spicer Cross Apartments LLC · 4 yrs held
Spicer Cross Apartments LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$705,000
+60.2%
Restaurant
$685,000
+55.9%
Auto repair, garage
$645,000
+46.5%
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
APARTMENT HOUSE (5+ UNITS)
$440,000
Current use
MEDICAL BUILDING
$705,000
Change: +60% · Conversion: Moderate
RESTAURANT
$685,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$430,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$27,104
Tax year 2023
Assessed value
$325,220
Assessed 2023
Previous assessed
$325,220
+0.0% YoY
Effective rate
8.33%
On assessed value
Assessed land
$12,400
Assessed improvement
$312,820
Land market value
$35,430
Improvement market value
$893,770
Total market value
$929,200
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
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2000
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Rooms
6
Bathrooms
1
Total area
6,468 SF
Lot
0.2 ac (8,712 SF)
APN
67-05148
UPID
US66-2797479
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$440,000
MEDICAL BUILDING
Est. value
$705,000
RESTAURANT
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
2
Rooms
6
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Spicer Cross Apartments LLC
Entity
Mailing address
459 SPICER ST #461, AKRON, OH 44311-1802
Ownership since
2022
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
Mar 4, 2022
$2,665,000
Spicer Cross Apartments LLC
Spicer Street Rentals Ltd
Warranty Deed
related
$2,520,000 · Lima One Capital LLC
Nov 10, 2016
—
Spicer Street Rentals Ltd
—
Grant Deed
related
$2,016,000 · Talmer Bk & Tr
Nov 14, 2006
—
Spicer Street Rentals Ltd
Angheld,richard A & Pamela M
Grant Deed
related
$1,900,000 · Column Financial INC
Jun 3, 1999
—
Richard Angheld
Merryweather,timothy S & Thomas
Grant Deed
related
—
—
—
Richard A Angheld
—
Deed Of Trust
related
$400,000 · Second National Bank Warren
—
—
Richard A Angheld
—
Deed Of Trust
related
$400,000 · Second National Bank Warren
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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