Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2860 W Risingsun Rd Port Clinton, OH 43452

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,000

    Move-in ready, updated 3-bed, 2-bath waterfront home with private dock.

    Property size:
    1,456 SF
    Lot size:
    0.15 Acres

    Property Features for 2860 W Risingsun Rd

    General Information

    Size
    1,456 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Rashel Schultz
    Source: Kw

    Listing Agent: Rashel Schultz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Waterfront Home with Dock

    This updated waterfront home offers 1,456 square feet of living space with three bedrooms and two bathrooms. Located in the Nugent's Canal community, the property includes a private dock. Recent upgrades include new windows, a new furnace and air conditioning system, an updated electrical panel, new insulation, and fresh siding. The property has a spacious driveway providing parking for guests. The surrounding neighborhood is golf cart-friendly and is home to the Nugent's Canal Yacht Club and Lagoon Saloon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Storage Facility Bar & Pub Travel Agency Dry Cleaner Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.98877
    Latitude
    41.509064

    Nearby Similar for Sale

    • New
      $799,000
      6,000 SF

      New Retail and Storage Facility

      Modern 6,000 sq. ft. retail/storage on 0.70 acres.
      2667 E Harbor Rd, Port Clinton, OH 43452
      View Details
    • New
      $359,000
      2,760 SF

      Well-Maintained Triplex in Port Clinton

      Fully rented triplex with updates, offering immediate income potential.
      620 Jefferson St, Port Clinton, OH 43452
      View Details
    • $3,250,000
      23,000 SF

      Drawbridge Marina & Storage Facility

      Marina, storage, and industrial property with multiple buildings and amenities.
      247 W Lakeshore Rd, Port Clinton, OH 43452
      View Details
    • New
      $389,900
      10.25 Acres

      Commercial Property in Lake Erie Vacationland

      Highly visible commercial property on 10+ acres in Port Clinton.
      2669 E Harbor Rd, Port Clinton, OH 43452
      View Details
    • $349,900
      2,125 SF

      Prime Perry Street Commercial Opportunity

      Commercial property with liquor license in the heart of Port Clinton.
      114 E Perry St, Port Clinton, OH 43452
      View Details
    • Contact for pricing
      0.00 Acres

      Catawba Island Dock for Sale

      30' dock on Catawba Island with access to amenities.
      N Windward Dr, Port Clinton, OH 43452
      View Details
    • $179,000
      0.06 Acres

      Downtown Port Clinton Commercial Building

      Commercial building with leased space and additional space available.
      74 Jefferson St, Port Clinton, OH 43452
      View Details
    • $765,000
      2,017 SF

      Catawba Island Waterfront Condominium

      Professionally decorated condominium with lake views and marina access.
      4333 Marin Woods, Port Clinton, OH 43452
      View Details
    • $3,514,000
      76,257 SF

      Anchored Retail Center For Sale

      Retail center anchored by Bassett’s Hardware & City Market.
      1608-1634 Maple St, Port Clinton, OH 43452
      View Details
    • $204,900

      Waterfront Condo with Marina Access

      Furnished condo with lake views, marina, and community amenities.
      306 Clinton Reef Dr, Port Clinton, OH 43452
      View Details
    • $204,900
      669 SF

      Waterfront Condo with Marina Access

      Furnished condo with lake views, marina access, and amenities.
      306 Clinton Reef Dr, Port Clinton, OH 43452
      View Details
    • $149,900

      Three-Bedroom Mobile Home

      Mobile home with updated kitchen and screened porch.
      265 S Meachem Rd, Port Clinton, OH 43452
      View Details

    FAQs

    What type of property is this?
    Single family property - Move-in ready, updated 3-bed, 2-bath waterfront home with private dock.
    Where is this single family property located?
    The property is located at 2860 W Risingsun Rd Port Clinton, OH.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - Direct waterfront access with PRIVATE DOCK.; - Move-in ready and FULLY UPDATED with recent upgrades including new windows, furnace, A/C, electrical panel, insulation, and siding.; - Located in the desirable Nugent's Canal community.
    Request Owner's contact information
    2860 W Risingsun Rd Port Clinton, OH 43452
    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.
    2860 W Risingsun Rd
    Port Clinton, OH 43452
    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
    2860 W Risingsun Rd Port Clinton, OH 43452
    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

    We can help!
    Listing Contact
    Rashel Schultz
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.