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Property profile & analytics
OFF-MARKET
Estimated value
$2,595,000
Medical Office Space
605 Cleveland Massillon Rd Akron, OH 44333-2200
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0670479
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
15,740 SF
Lot
1.85 ac (80,586 SF)
APN
04-05061
UPID
US66-0670479
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
-
Jacquelin Burke, CNP Physician
-
Sculpt Inc. Medical Clinic Skin Care Clinic
-
Quest Diagnostics Medical Clinic
-
Alexandra Yan Zhang Physician Medical Clinic
-
Dr. William Camp Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Jupiter Akron LLC · 2 yrs held
Jupiter Akron LLC
since 2023
Last sale
$2.4M
5 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
$2,855,000
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
$2,855,000
6.5%
$2,635,000
7%
$2,450,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,715,000
Current use
RESTAURANT
$1,670,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,570,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.85M · ±10% · vs last sale $2.40M (Sep 22 2023)
Last sale anchor
$2.40M
Sep 22 2023
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
$165 / 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
$25,022
Tax year 2023
Assessed value
$376,270
Assessed 2023
Previous assessed
$376,270
+0.0% YoY
Effective rate
6.65%
On assessed value
Assessed land
$68,960
Assessed improvement
$307,310
Land market value
$197,030
Improvement market value
$878,040
Total market value
$1,075,070
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
4
Total area
15,740 SF
Lot
1.85 ac (80,586 SF)
APN
04-05061
UPID
US66-0670479
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
MEDICAL BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
1.85 ac
Current owner
From public records · entity-resolved
Jupiter Akron LLC
Entity
Mailing address
605 N CLEVELAND MASSILLON RD, AKRON, OH 44333-2200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,400,000
Jupiter Akron LLC
C E O Real Esatate Holdings Ltd
Warranty Deed
$1,840,000 · S & T Bank
Nov 21, 2007
$900,077
C E O Real Estate Holdings Ltd
James F Grow JR
Warranty Deed
$765,000 · National City Bank
—
—
Ceo Real Estate Holdings Ltd
—
Deed Of Trust
related
$112,000 · Pnc Bank
—
—
James F Grow
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
James F Grow
—
Deed Of Trust
related
$398,458 · Key Bank NA
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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