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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Commercial land
5518 Akron Cleveland Rd Peninsula, OH 44264-9517
Individually Owned
~
Est. High Equity
Property ID
US66-0109188
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2005
Total area
11,040 SF
Lot
1.36 ac (59,242 SF)
APN
07-00411
UPID
US66-0109188
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
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
David Woodrow Booth
David Woodrow Booth
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+50.2%
Auto repair, garage
$1.1M
+34.2%
Medical building
$1.0M
+26.3%
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 Peninsula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peninsula 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$820,000
Current use
RESTAURANT
$1,230,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,035,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Nov 13 2024)
Last sale anchor
$1.00M
Nov 13 2024
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
$91 / 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
$2,049
Tax year 2023
Assessed value
$22,890
Assessed 2023
Previous assessed
$22,890
+0.0% YoY
Effective rate
8.95%
On assessed value
Assessed land
$22,890
Land market value
$65,400
Total market value
$65,400
Applied tax rate
7.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
11,040 SF
Lot
1.36 ac (59,242 SF)
APN
07-00411
UPID
US66-0109188
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
$820,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2005
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
David Woodrow Booth
Individual
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
David Woodrow Booth
David M Booth
Deed
related
—
Nov 13, 2024
$1,000,000
Kmsm LLC
3km Enterprises LLC
Warranty Deed
$900,000 · Us Bank NA
Aug 13, 2024
—
Robert E Mangol JR
Estate Of Robert E Mangol SR
Deed
—
Jul 17, 2024
—
Nancy E Klein
Gary A Klein
Deed
related
—
Jun 30, 2023
$70,000
Doug Wilhelm
Dean P Wilhelm
Warranty Deed
related
—
Jun 30, 2023
$35,000
Boston Max LLC
Dean Wilhelm
Warranty Deed
—
Apr 18, 2023
$36,000
Boston Max LLC
Stephen P Matousek
Warranty Deed
—
Oct 20, 2022
$40,000
Bohi D11 LLC
Vicki L Mckenica
Warranty Deed
—
May 25, 2022
$40,000
Gary A Klein
Robert T Macdoanld
Quitclaim Deed
related
—
Oct 22, 2021
$40,000
Matthew P Eppele
Danielle Sommer
Deed
—
May 2, 2019
—
Mitchell L Wisniewski
Wisniewski,mitchell & Elisabeth A
Quitclaim Deed
related
—
May 31, 2018
$70,000
Boston Max LLC
Star,susan R
Warranty Deed
—
Oct 24, 2017
—
Boston Max LLC
—
Deed
related
$125,000 · Hometown Bank
Jul 12, 2017
—
Pendleton,paul E Trust
Pendleton,paul E
Quitclaim Deed
related
—
Dec 20, 2016
—
Robert T Macdonald
Macdonald,robert T
Quitclaim Deed
related
—
Nov 30, 2016
—
Charles Whitehouse
Whitehouse Nora L
Quitclaim Deed
related
—
May 31, 2016
$41,000
Boston Max LLC
Jorgenson,james & Janice
Warranty Deed
—
May 5, 2008
$935,000
3km Enterprises LLC
R&j Enterprises Of Summit County Lt
Warranty Deed
$880,000 · National City Bank
Mar 2, 2007
$36,000
Charles R Packard
Boston Max LLC
Warranty Deed
$27,000 · Liberty Bank
Feb 21, 2007
$31,900
Vicki Mckenica
Boston Max LLC
Warranty Deed
—
Feb 13, 2007
$36,000
David M Booth
Boston Max LLC
Warranty Deed
—
Nov 28, 2006
$35,000
James Jorgenson
Boston Max LLC
Warranty Deed
—
Sep 18, 2006
$127,600
Timothy B Cantwell
Boston Max LLC
Warranty Deed
—
Sep 5, 2006
$165,000
Summit Storage LLC
Boston Max LLC
Warranty Deed
$125,000 · Liberty Bank
May 25, 2001
$48,800
Rj Enterprises Summit County
Jones,james M
Grant Deed
—
—
—
3km Ents LLC
—
Deed Of Trust
related
$425,000 · Firstmerit Bank NA
—
—
3km Ents LLC
—
Deed Of Trust
related
$352,000 · Cascade Capital Corp
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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