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Property profile & analytics
OFF-MARKET
Estimated value
$6,485,000
Medical Office Space
690 White Pond Dr Akron, OH 44320-1126
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-3560586
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
38,720 SF
Lot
2.4 ac (104,413 SF)
APN
69-00613
UPID
US66-3560586
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
-
Retina Associates of Cleveland Ophthalmologist
-
Thomas P. Hull, MD Ophthalmologist
-
Retina Associates of Cleveland, Inc. Medical Clinic Ophthalmologist
-
Thomas J. Tsai, MD Ophthalmologist
-
Joseph M. Coney, MD, FACS Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$6.00M
Blend (final)
Blend
$6.49M
Owner & transaction history
Akron 690 Apl Mp LLC · 7 yrs held
Akron 690 Apl Mp LLC
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,025,000
6.5%
$6,485,000
7%
$6,020,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,225,000
Current use
RESTAURANT
$4,110,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$6.49M
Range $5.84M – $7.13M · ±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
$167 / 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
$175,577
Tax year 2023
Assessed value
$2,716,910
Assessed 2023
Previous assessed
$2,716,910
+0.0% YoY
Effective rate
6.46%
On assessed value
Assessed land
$83,060
Assessed improvement
$2,633,850
Land market value
$237,320
Improvement market value
$7,525,270
Total market value
$7,762,590
Applied tax rate
69.0000
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
2015
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Total area
38,720 SF
Lot
2.4 ac (104,413 SF)
APN
69-00613
UPID
US66-3560586
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
$4.2M
RESTAURANT
Est. value
$4.1M
MEDICAL BUILDING Current
RESTAURANT
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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Akron 690 Apl Mp LLC
Entity
Free & Clear · 7 yrs held
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2018
$5,150,000
Akron 690 Apl Mp LLC
Mmac 150 Gateway Akron LLC
Grant Deed
—
Oct 18, 2018
—
Akron 690 Apl Mp LLC
—
Loan Modification
related
$251,479,254 · Capital One Nat'l Assn
Sep 2, 2016
—
Mmac 150 Gateway Akron LLC
Gpw-b Newco LLC
Warranty Deed
—
Aug 31, 2016
—
Pjt Newco Gpw LLC
Gateway At Park West LLC
Warranty Deed
related
—
Jun 2, 2015
—
Gateway At Park West LLC
Predevelopment Ltd
Limited Warranty Deed
$6,080,000 · The Huntington National Bank
May 29, 2008
—
Predevelopment Ltd
City Of Akron
Quit Claim Deed
related
$461,000 · Huntington National Bank
Jan 23, 2003
—
Akron City (oh)
Jewish Community Center Of Akr
Grant Deed
related
—
—
—
Predevelopment Ltd
—
Deed Of Trust
related
$309,753 · Huntington National Bank
—
—
Predevelopment Ltd
—
Deed Of Trust
related
$309,753 · Huntington National Bank
—
—
Pjt Newco Gpw
—
Deed Of Trust
related
$24,782,390 · Other Institutional Lenders
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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