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    Property profile & analytics

    5518 Akron Cleveland Rd Peninsula, OH 44264-9517

    • Commercial land
    • 11,040 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 13, 2024
    $1,000,000
    Location Intelligence
    Property ID
    US66-0109188
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 5518 Akron Cleveland Rd

    Year built
    2005
    Lot size
    1.36 lot acres
    Property size
    11,040 SF
    Property type
    Commercial land
    APN
    07-00411
    APU
    700411

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peninsula
    County
    Summit
    State
    Ohio
    Longitude
    -81.4927
    Latitude
    41.2193
    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
    $2,049
    $22,890
    $0.00
    $22,890
    -
    $65,400
    $0.00
    $65,400

    Comparable in this City

    • Value Estimation by Request
      0.93 Acres

      Akron Cleveland Rd

      VACANT COMMERCIAL LAND • 0.93 Acres
      Akron Cleveland Rd, Peninsula, OH 44264
      View Details
    • Value Estimation by Request
      2.92 Acres

      Kendall Park Rd

      VACANT COMMERCIAL LAND • 2.92 Acres
      Kendall Park Rd, Peninsula, OH 44264
      View Details
    • Value Estimation by Request
      0.12 Acres

      Locust St

      VACANT COMMERCIAL LAND • 0.12 Acres
      Locust St, Peninsula, OH 44264
      View Details
    • Value Estimation by Request
      0.01 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.01 Acres
      Main St, Peninsula, OH 44264
      View Details
    • Value Estimation by Request
      3.32 Acres

      Akron Cleveland Rd

      VACANT COMMERCIAL LAND • 3.32 Acres
      Akron Cleveland Rd, Peninsula, OH 44264
      View Details
    • Value Estimation by Request
      6.82 Acres

      4985 State Rd

      VACANT COMMERCIAL LAND • 1,318 SF
      4985 State Rd, Peninsula, OH 44264-9502
      View Details

    Similar Nearby for Sale

    • $249,900

      Corner Site Near Industrial Parks

      New corner site with public utilities near industrial parks.
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    • $450,000

      Prime Commercial Land Available

      3.62 acres of commercial land in Boston Township.
      5328 Akron Cleveland Rd, Peninsula, OH 44264
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    • $1,200,000

      Land in Cuyahoga Valley National Park

      Land with utilities in Cuyahoga Valley National Park.
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      High-image office space, flexible layouts.
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    • $960,000
      38 SF

      Residential Development Opportunity Near Park

      Land for residential development neighboring Cuyahoga Valley National Park.
      4075 Bellaire Ln, Peninsula, OH 44264
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    • $249,900
      1.40 Acres

      Peninsula Land: Prime Development Site

      1.4-acre commercial lot, ideal location.
      5130 Akron Cleveland Rd, Peninsula, OH 44264
      View Details
    Request Owner's contact information
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    5518 Akron Cleveland Rd
    Peninsula, OH 44264-9517
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    Realmo Value Estimation

    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.

    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.

    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
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