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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Community centers
866 Wilbeth Rd 898 Akron, OH 44314-1740
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1903991
Property summary
AI-generated overview
This exceptional Akron, Ohio retail property, located at 866 W Wilbeth Rd, offers 81,820 square feet of space in a single-story building situated on a 3.21-acre lot. The property features six suites, with three currently available, ranging in size from 2,000 to 22,000 square feet. Ideal for a variety of retail uses, this shopping center/showroom boasts a 3.21 load factor. The property is zoned U-5 Ordinary Industry, providing flexibility for diverse business types. Its location in Summit County's Firestone submarket, within the Kenmore community of Akron (zip code 44314), offers excellent access and visibility. The property's APN is 6735583. This is a rare opportunity to secure a prominent retail presence in a thriving Akron neighborhood. Contact us today to learn more about leasing options and explore the potential of this exceptional property.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1956
Total area
31,820 SF
Lot
3.21 ac (139,828 SF)
APN
67-35583
UPID
US66-1903991
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$880k
Owner & transaction history
Rock2 LLC · 1 yrs held
Rock2 LLC
since 2025
Last sale
$850,000
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
$820,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $850k (May 1 2025)
Last sale anchor
$850k
May 1 2025
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
$28 / 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
$14,150
Tax year 2023
Assessed value
$160,090
Assessed 2023
Previous assessed
$160,090
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$56,410
Assessed improvement
$103,680
Land market value
$161,180
Improvement market value
$296,230
Total market value
$457,410
Applied tax rate
67.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
6
Bathrooms
6
Total area
31,820 SF
Lot
3.21 ac (139,828 SF)
APN
67-35583
UPID
US66-1903991
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
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Bathrooms
6
Lot
3.21 ac
Current owner
From public records · entity-resolved
Rock2 LLC
Entity
Mailing address
866 W WILBETH RD #898, AKRON, OH 44314-1740
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$850,000
Rock2 LLC
Kenny Jiang
Warranty Deed
—
Nov 15, 2021
$438,888
Kenny Jiang
Nancy D Pappas
Warranty Deed
$73,600 · Pentagon FCU
Nov 15, 2021
—
Nancy D Pappas
Pete Pappas
Affidavit Of Death Of Joint Tenant
related
—
—
—
Pete Pappas
—
Deed Of Trust
related
$425,000 · Morgan Bank NA
—
—
Pete Pappas
—
Deed Of Trust
related
$383,500 · Firstmerit Bank NA
—
—
Pete Pappas
—
Deed Of Trust
related
$60,000 · Zoltai Bella G Living Trust
—
—
Pete Pappas
—
Deed Of Trust
related
$95,000 · Steve Pappas
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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