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    406 E Main Road Conneaut, OH 44030

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    For Sale
    $99,900

    MULTI_FAMILY - Conneaut, OH

    Property size:
    1,698 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $58/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 406 E Main Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    1
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Basement
    Parking features
    Driveway
    Standard status
    Active
    APN
    123060003600
    Size
    1,698 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    T 14 SEC 1--8SUB 11
    Tax Annual Amount
    1532

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Susanne L Horvath
    Susanne L Horvath

    Listing agent Susanne L Horvath License #2005014188

    Listing office Century 21 Homestar 31320 Solon Road, Suite 17, Solon, OH

    Listing date May 7, 2026

    MLS# 5208029 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mechanic's garage with automotive lift, concrete floor, lighting, and ceiling‑mounted gas heater.
    • Two parcels totaling 0.80 acre with significant potential.
    • House features newer siding, windows, and roof.
    • Livable 3‑bedroom downstairs unit with unfinished 26x26 upstairs space offering flexible use options (second unit or single‑family conversion).
    • Dry basement with newer furnace and updated electrical panel.
    • Additional detached garage/outbuilding (22x19) with plumbing for a bathroom.

    Overview

    Conneaut Multifamily with Mechanic's Garage

    The property at 406 and 410 E Main are being sold together as a package on 0.80 acres. The house features newer siding, windows, and a roof. The property includes a mechanic's garage. The property consists of two parcels, a downstairs unit with 3 bedrooms and a bath, and an unfinished 26x26 upstairs space with exterior access. Behind the house is a 22x19 detached garage/outbuilding with plumbing for a bathroom and roof repair needed. The basement is dry and includes a newer furnace and an updated electrical panel. The 410 parcel includes a 39x29 main garage/workshop area with a concrete floor, automotive lift, lighting, and a ceiling-mounted gas heater, plus a 28x20 rear gravel-floor area needing roof attention in the back. The home was originally single-family and later converted to a duplex, but the upstairs is now unfinished. The unfinished space is ready to be converted back into a second unit, converted back to single-family, or used to fit your plan. The property offers a lot of space and garage area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel Food Market Auto Parts Store

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

    Similar Places Nearby

    • Dean's Auto Services — 242 E Main Rd, Conneaut, OH 44030
    • Clark Gas — 220 State St, Conneaut, OH 44030
    • Conneaut Collision Center LLC — 378 E Main Rd, Conneaut, OH 44030
    • Affordable towing and recovery 24/7 — 414 Senator St, Conneaut, OH 44030
    • Greg Sweet Chevrolet, Buick Service Center — 286 E Main Rd, Conneaut, OH 44030

    Location Insight

    • Map
    • Local Demand
    City
    Conneaut
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.561128
    Latitude
    41.942031

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    FAQs

    What type of property is this?
    Auto shop - Multifamily property with mechanic's garage on 0.80 acres.
    Where is this auto shop located?
    The property is located at 406 E Main Road Conneaut, OH.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Mechanic's garage with automotive lift, concrete floor, lighting, and ceiling‑mounted gas heater.; Two parcels totaling 0.80 acre with significant potential.; House features newer siding, windows, and roof.
    (440) 994-0018
    We can help!
    Listing Contact
    Susanne L Horvath
    Susanne L Horvath
    Real Estate License ID: 2005014188
    Learn More
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    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.

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