Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    722 Liberty Grn Dr Akron, OH 44312-5212

    • Commercial real estate
    • 13,050 SF
    • 3.03 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2023
    $2,100,000
    Value Estimations
    $2,120,000
    Show details
    Cap Rate Potential
    7.4%
    Commercial real estate
    Location Intelligence
    Property ID
    US66-5572941
    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

    • Commercial real estate

    Property Details for 722 Liberty Grn Dr

    Year built
    2020
    Lot size
    3.03 lot acres
    Property size
    13,050 SF
    Property type
    Commercial real estate
    APN
    28-16520
    APU
    2816520

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,855,000
      ML approach
      $2,155,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,300,000
      6.5%
      $2,125,000
      7%
      $1,970,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,425,000
      RESTAURANT
      $1,385,000
      AUTO REPAIR, GARAGE
      $1,300,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4977
    Latitude
    40.9781
    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
    $22,687
    $13,500
    $0.00
    $13,500
    -
    $38,580
    $0.00
    $38,580

    Comparable in this City

    • Value Estimation by Request
      2,792 SF

      1049 Mohawk Trl

      COMMERCIAL (GENERAL) • 2,792 SF
      1049 Mohawk Trl, Akron, OH 44312-3055
      View Details
    • Value Estimation by Request
      216 SF

      280 Columbine Ave

      COMMERCIAL (GENERAL) • 216 SF
      280 Columbine Ave, Akron, OH 44312
      View Details
    • Value Estimation
      $565,000
      3,532 SF

      1327 Canton Rd

      COMMERCIAL (GENERAL) • 3,532 SF
      1327 Canton Rd, Akron, OH 44312-3948
      View Details
    • Value Estimation
      $715,000
      4,470 SF

      1175 George Washington Blvd

      SHOW ROOM, WAREHOUSE • 4,470 SF
      1175 George Washington Blvd, Akron, OH 44312-3031
      View Details
    • Value Estimation
      $895,000
      5,826 SF

      2546 Leland Ave

      COMMERCIAL (GENERAL) • 5,826 SF
      2546 Leland Ave, Akron, OH 44312-2405
      View Details
    • Value Estimation
      $590,000
      7,171 SF

      1050 Killian Rd

      COMMERCIAL (GENERAL) • 7,171 SF
      1050 Killian Rd, Akron, OH 44312-4744
      View Details

    Similar Nearby for Sale

    • $329,000
      1.88 Acres

      Logan Square Creative Spaces

      Modern, flexible retail/office suites
      1199 Turkeyfoot Lake Rd, Akron, OH 44312
      View Details
    • $702,800
      20.08 Acres

      Akron Industrial Land - 20 Acres

      Prime Akron industrial land, 20 acres, I-1 zoning.
      3553 Waterloo Rd, Akron, OH 44312
      View Details
    • Contact for pricing
      2.75 Acres

      Akron Commercial Land - High Traffic Area

      Prime Akron location, 15 acres, I-77/76 access.
      2011 Waterloo Rd, Akron, OH 44312
      View Details
    • $1,299,000
      2.64 Acres

      Arlington Road Commercial Land

      2.64 Acres, Build-Ready, High Traffic
      3418 Arlington Rd, Akron, OH 44312
      View Details
    • $702,800
      20.08 Acres

      Akron Industrial Land - 20 Acres

      Prime Akron land, ideal for redevelopment.
      0 Waterloo Rd, Akron, OH 44312
      View Details
    • $150,000
      0.42 Acres

      Residential Land in Premier Community

      Spacious home sites in Green, OH, near city utilities.
      Kenway Blvd, Green, OH 44312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,376 SF

      Akron Warehouse Space Available

      7,376 SF Warehouse - Prime Akron Location
      2420 Wedgewood Dr, Akron, OH 44312
      View Details
    • $11 SF/Yr
      3,768 SF

      Office Space with Separate Entrance

      Office space for rent with lower level and ADA access.
      3469 Fortuna Dr, Akron, OH 44312
      View Details
    • $10 SF/Yr
      1,670 SF

      Flex/Office Unit For Lease

      1,670 sq ft flex/office unit with open floor plan.
      3485 Fortuna Dr, Akron, OH 44312
      View Details
    • Contact for pricing
      14,560 SF

      Versatile Industrial/Flex Space in Akron

      14,560 SF industrial/flex space with excellent visibility and accessibility.
      3113 Mogadore Rd, Akron, OH 44312
      View Details
    • Contact for pricing
      8,858 SF

      Ellet Acme Plaza: Retail Spaces Available

      Grocery-anchored retail center; spaces from 1,000 sq ft.
      2420 Wedgewood Dr, Akron, OH 44312
      View Details
    • $12 SF/Yr
      2,100 SF

      Flex Space in Gala Commons

      Flex space with office and warehouse areas available for lease.
      2215 E Waterloo Rd, Akron, OH 44312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 Liberty Grn Dr
    Akron, OH 44312-5212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.