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    Property profile & analytics

    61 Waterloo Rd Akron, OH 44319-1227

    • Turn key restaurants
    • 2,053 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    May 30, 2025
    $150,000
    Location Intelligence
    Property ID
    US66-2132340
    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

    • Louisiana Famous Fried Chicken / Breakfast Restaurant / Caterer

    Property Details for 61 Waterloo Rd

    Year built
    1971
    Construction
    FRAME
    Lot size
    0.57 lot acres
    Property size
    2,053 SF
    Property type
    Turn key restaurants
    APN
    67-47068
    APU
    6747068

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $205,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $225,000
      Mixed-Use
      $210,000
      Hospitality
      $220,000
      Educational
      $195,000
      Residential Income
      $180,000
      Energy
      $220,000
      Income-Based Land
      $235,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5248
    Latitude
    41.029
    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
    $6,181
    $30,800
    $21,150
    $51,950
    -
    $88,000
    $60,430
    $148,430

    Comparable in this City

    • Value Estimation
      $325,000
      2,562 SF

      3822 Main St

      RESTAURANT • 2,562 SF
      3822 Main St, Akron, OH 44319-3696
      View Details
    • Value Estimation by Request
      7,206 SF

      423 Waterloo Rd

      RESTAURANT • 7,206 SF
      423 Waterloo Rd, Akron, OH 44319-1220
      View Details
    • Value Estimation by Request
      8,110 SF

      491 Waterloo Rd

      RESTAURANT • 8,110 SF
      491 Waterloo Rd, Akron, OH 44319-1241
      View Details
    • Value Estimation
      $265,000
      1,200 SF

      5949 Manchester Rd

      RESTAURANT • 1,200 SF
      5949 Manchester Rd, New Franklin, OH 44319-4610
      View Details
    • Value Estimation
      $225,000
      4,078 SF

      2727 Manchester Rd

      RESTAURANT • 4,078 SF
      2727 Manchester Rd, Akron, OH 44319-1020
      View Details
    • Value Estimation by Request
      9,253 SF

      3420 Manchester Rd

      RESTAURANT • 9,253 SF
      3420 Manchester Rd, Coventry Township, OH 44319-1469
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    61 Waterloo Rd
    Akron, OH 44319-1227
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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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