Individually Owned Property summary
AI-generated overview
This exceptional 2,053 square foot commercial property presents a unique investment opportunity in a high-growth area of Akron, Ohio. Situated on a 0.57-acre lot at 61 E Waterloo Road, this property boasts a prime location near a busy intersection and the expressway, ensuring high visibility and accessibility. Its proximity to S. Main St. further enhances its strategic advantage. The property features convenient off-street parking, a significant benefit for both employees and customers. The existing structure offers substantial potential for redevelopment and expansion, capitalizing on the considerable "new synergy" in the surrounding area. This translates to a strong potential for increased property value and rental income. The property's size and location make it suitable for a variety of commercial uses, presenting a compelling opportunity for investors seeking a high-return investment in a thriving Akron market. The asking price of $250,000 reflects the significant potential of this property and its strategic location. Serious inquiries are encouraged.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
FRAME
Total area
2,053 SF
Lot
0.57 ac (25,003 SF)
APN
67-47068
UPID
US66-2132340
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$160k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$145k
Owner & transaction history
since 2025
Last sale
$150,000
5 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$145k
Value range
$131k – $160k
±10% around blend
Estimated value / SF
$71 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
60
$131k
blend $145k
$160k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,053 SF
Lot area
0.57 ac
Year built
1971
Stories
1
APN
67-47068
Assessed value
$51,950
Annual tax
$6,181
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$264k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.4 mi away · 1,952 SF
12.4 mi away · 1,708 SF
16.8 mi away · 1,704 SF
18.0 mi away · 2,259 SF
19.1 mi away · 2,086 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$145k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$106
-33%
County 109 sales
$111
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $71/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$150k
Move the market yield to see immediate price impact.
Value / SF
$73
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$9k
$189k
$135k
$105k
$11k
$210k
$150k
$117k
$12k
$231k
$165k
$128k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$225k
3.2 mi · Feb 2026 · $109/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,181
Tax year 2023
Assessed value
$51,950
Assessed 2023
Previous assessed
$51,950
+0.0% YoY
Effective rate
11.90%
On assessed value
Assessed land
$30,800
Assessed improvement
$21,150
Land market value
$88,000
Improvement market value
$60,430
Total market value
$148,430
Applied tax rate
67.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
2,053 SF
Lot
0.57 ac (25,003 SF)
APN
67-47068
UPID
US66-2132340
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.57 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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