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Property profile & analytics
OFF-MARKET
Estimated value
$10,200,000
Hotels
897 Arlington E Rdg Akron, OH 44312-5276
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-2903820
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
69,038 SF
Lot
2.09 ac (90,823 SF)
APN
28-15912
UPID
US66-2903820
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
-
897 Arlington Ridge East Parking Parking Lot & Garage
-
Residence Inn Akron South/Green Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.20M
Owner & transaction history
Hong Nguyen · 2 yrs held
Hong Nguyen
since 2024
Last sale
$10.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.5M
+31.2%
Restaurant
$7.3M
+27.6%
Auto repair, garage
$6.9M
+20.0%
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
$10,200,000
ML approach
$10,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,530,000
Change: +31% · Conversion: Difficult
RESTAURANT
$7,325,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,885,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,455,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$10.20M
Range $9.18M – $11.22M · ±10% · vs last sale $10.20M (Mar 26 2024)
Last sale anchor
$10.20M
Mar 26 2024
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
$148 / 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
$162,694
Tax year 2023
Assessed value
$49,260
Assessed 2023
Previous assessed
$49,260
+0.0% YoY
Effective rate
330.28%
On assessed value
Assessed land
$49,260
Land market value
$140,740
Total market value
$140,740
Applied tax rate
28.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
80
Total area
69,038 SF
Lot
2.09 ac (90,823 SF)
APN
28-15912
UPID
US66-2903820
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
Est. value
$7.5M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
80
Lot
2.09 ac
Current owner
From public records · entity-resolved
Hong Nguyen
Individual
Free & Clear · 2 yrs held
Mailing address
300 BIG SKY DR, HIAWASSEE, GA 30546-2239
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
—
Hong Nguyen
Akron Hotel Group LLC
Warranty Deed
—
Mar 26, 2024
$10,200,000
Kaveer Hotel Group LLC
Ceoccentrallinvestments LLC
Warranty Deed
$6,868,155 · Akron Hotel Group LLC
Jan 4, 2022
$9,100,000
Akron Hotel Group LLC
Sadguri Krupa LLC
Warranty Deed
$6,640,000 · The Citizens Savings Bank
Oct 29, 2012
—
Sadguru Krupa LLC
Sadguru Krupa LLC
Quit Claim Deed
—
Apr 20, 2009
$125,000
Sadguru Krupa LLC
Jai Shiyaram INC
Warranty Deed
—
—
—
Sadguru Krupa LLC
—
Deed Of Trust
related
$5,967,000 · Citizens Svgs Bk
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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