Entity Owned Property summary
AI-generated overview
This well-maintained 5,784 square foot Class B warehouse in Akron, Ohio, presents a compelling owner-user opportunity. Located at 50 W Wilbeth Rd, Akron, OH 44301 (APN: 68-36969, 68-36970, 68-36971), this single-tenant property offers a versatile layout ideal for various businesses. The building, constructed in 1952, boasts a functional design including 3,600 square feet of clear-span shop/warehouse space, a 1,000 square foot truck bay/warehouse area, and 1,000 square feet of office space. Additional storage is provided by a 430 square foot mezzanine. The warehouse features a 14-16 foot ceiling height, one loading dock, and one dock-high door. A gravel lot provides ample parking for cars and trucks. An existing paint booth is already installed within the warehouse. Its strategic location offers excellent access to major transportation arteries, with close proximity to I-77 and I-277, ensuring efficient logistics and convenient commutes. The asking price is $495,000, translating to $85.58 per square foot. This property is perfect for growing contractors seeking a freestanding location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1952
Total area
5,597 SF
Lot
0.13 ac (5,663 SF)
APN
68-36970
UPID
US66-2207626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$295k
Owner & transaction history
since 2024
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$610,000
+63.4%
Restaurant
$595,000
+58.9%
Auto repair, garage
$560,000
+49.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$53 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,597 SF
Lot area
0.13 ac
Year built
1952
Stories
1
APN
68-36970
Assessed value
$53,020
Annual tax
$4,750
3
Income approach: direct capitalization
Partial preview
Income approach indication
$910k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$985k
@ 6.5% CAP return
$910k
@ 7% CAP return
$845k
4
Sales comparison
Partial preview
Sales approach indication
$200k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 6,080 SF
2.8 mi away · 6,672 SF
3.0 mi away · 3,928 SF
3.4 mi away · 6,004 SF
3.4 mi away · 6,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 321 sales
$67
-21%
County 605 sales
$74
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $53/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+63%
vs current-use indication
Restaurant
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$53k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3k
$67k
$48k
$37k
$4k
$74k
$53k
$41k
$4k
$82k
$58k
$45k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$200k
2.3 mi · Feb 2026 · $50/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,750
Tax year 2023
Assessed value
$53,020
Assessed 2023
Previous assessed
$53,020
+0.0% YoY
Effective rate
8.96%
On assessed value
Assessed land
$7,900
Assessed improvement
$45,120
Land market value
$22,560
Improvement market value
$128,910
Total market value
$151,470
Applied tax rate
68.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
5,597 SF
Lot
0.13 ac (5,663 SF)
APN
68-36970
UPID
US66-2207626
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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