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Property profile & analytics
FOR LEASE
Showrooms
566 Kennedy Rd Akron, OH 44305
Entity Owned
28-yr Hold
Free & Clear
Property ID
US66-1818019
For Lease
$4,830,000
566 Kennedy Rd, Akron, OH 44305
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Total area
61,372 SF
Lot
2.59 ac (112,820 SF)
APN
60-02789
UPID
US66-1818019
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
$3.98M
Blend (final)
Blend
$4.83M
Owner & transaction history
Chancery Enterprises Ltd · 28 yrs held
Chancery Enterprises Ltd
since 1997
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+77.1%
Restaurant
$6.5M
+72.3%
Auto repair, garage
$6.1M
+62.0%
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
COMMERCIAL (GENERAL)
$3,780,000
Current use
MEDICAL BUILDING
$6,695,000
Change: +77% · Conversion: Easy
RESTAURANT
$6,510,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,120,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,735,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$4,935,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,180,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$3,485,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±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
$79 / 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
$35,906
Tax year 2023
Assessed value
$491,550
Assessed 2023
Previous assessed
$491,550
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$43,060
Assessed improvement
$448,490
Land market value
$123,030
Improvement market value
$1,281,400
Total market value
$1,404,430
Applied tax rate
60.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
61,372 SF
Lot
2.59 ac (112,820 SF)
APN
60-02789
UPID
US66-1818019
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
$3.8M
MEDICAL BUILDING
Est. value
$6.7M
RESTAURANT
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
2.59 ac
Current owner
From public records · entity-resolved
Chancery Enterprises Ltd
Entity
Free & Clear · 28 yrs held
Mailing address
566 KENNEDY RD #578, AKRON, OH 44305-4426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Canam Ventures LLC
—
Deed
related
$400,000 · Pnc Bank NA
Feb 6, 2017
—
Canam Ventures LLC
—
Grant Deed
related
$2,400,000 · Hometown Bk
Oct 16, 1997
—
Chancery Enterprises Ltd
Venture Akron Realty Corp
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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