Property profile

847 Pier Dr Akron, OH 44307

OFF-MARKET
Flex space
Property ID
US66-1942892
11,840 SF 1.69 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Total area 11,840 SF
Lot 1.69 ac (73,616 SF)
APN 67-55772
UPID US66-1942892

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
  • Law Firm
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Industrial Manufacturer Factory
  • Industrial Manufacturer

Location

847 Pier Dr Akron, OH 44307-2267
Akron metro Census 506800 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
$850k
Comparable Approach Comparable
$668k
Blend (final) Blend
$715k

Owner & transaction history

since 2023
Last sale
$600,000
6 recorded transactions
2023
$600,000
2011
Price N/A
2011
$400,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $950,000 +127.4%
Apartment house (5+ units) $805,000 +92.5%
Commercial (general) $790,000 +88.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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