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Property profile & analytics
FOR LEASE
Industrial land
5127 Boyer Pkwy Akron, OH 44312
Individually Owned
~
Est. High Equity
Property ID
US66-1449243
For Lease
1 / 2
$710,000
5127 Boyer Pkwy, Akron, OH 44312
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Property summary
AI-generated overview
This exceptional 48,600-square-foot industrial property in Akron, Ohio, is available for sublease. Situated on 9.93 acres, this Class B building, constructed in 2007, offers a single-tenant occupancy. The space boasts a 22-foot ceiling height, two loading docks, and two drive-in doors, ensuring efficient operations. Power is robust, featuring 3-phase, 1600 amp, 480-volt service. The property includes five 5-ton cranes, two located within a climate-controlled area. Recent upgrades include new fiber optics and a refreshed office space complete with two conference rooms and an employee break room. The zoning is PIPD, and the property is conveniently located between Akron and Canton, easily accessible from SR 241. The APN is 5110690. This versatile space is ideal for a variety of manufacturing, warehousing, or flex-use businesses. The address is 5127 Boyer Pkwy, Akron, OH 44312.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
2007
Total area
46,800 SF
Lot
9.94 ac (432,769 SF)
APN
51-10690
UPID
US66-1449243
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
-
Universal Tire Mold Industrial Manufacturer
-
LSI Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$710k
Owner & transaction history
Carville Royle
Carville Royle
since 2025
Last sale
$483,415
7 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
$620,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $483k (Feb 26 2020)
Last sale anchor
$483k
Feb 26 2020
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
$15 / 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
$985
Tax year 2023
Assessed value
$8,430
Assessed 2023
Previous assessed
$8,430
+0.0% YoY
Effective rate
11.68%
On assessed value
Assessed land
$8,430
Land market value
$24,090
Total market value
$24,090
Applied tax rate
51.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Year built
2007
Heating
NONE
Stories
2
Total area
46,800 SF
Lot
9.94 ac (432,769 SF)
APN
51-10690
UPID
US66-1449243
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
2007
Heating
NONE
Stories
2
Lot
9.94 ac
Current owner
From public records · entity-resolved
Carville Royle
Individual
Mailing address
5127 BOYER PKWY, AKRON, OH 44312-4272
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$5,000,000
Carville Royle
Akron Boyer Parkway LLC
Deed
—
Mar 21, 2025
—
Akron Boyer Parkway LLC
—
Deed
related
$3,050,000 · First Financial Bank
Nov 10, 2021
—
Akron Boyer Parkay LLC
—
Deed
related
$61,504,000 · Wells Fargo Bank NA
Mar 17, 2021
—
Akron Boyer Parkway LLC
—
Deed
related
$4,760,000 · Associated Bank NA
Feb 26, 2020
—
Christopher S Semarjian
Akron Boyer Parkway LLC
Grant Deed
—
Feb 10, 2020
$2,100,000
Akron Boyer Parkway LLC
Utm Real Estate LLC
Warranty Deed
$2,252,000 · Associated Bank NA
Feb 27, 2019
—
Utm Real Estate LLC
Universal Tire Molds LLC
Quit Claim Deed
related
—
May 31, 2012
—
Universal Tire Molds INC
City Of Akron
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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