Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restored Victorian Group Home Facility Title is generated by Realmo AI

    4546 N Ridge Rd E, Geneva, OH 44041

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8-bedroom restored Victorian suitable for assisted living or alternative uses.

    Type:Special Purpose
    Property size:
    4,385 SF
    Lot size:
    0.59 Acres
    Price / SF:
    $63/SF
    Added:
    Apr 14, 2023
    Days on Market:
    1148
    Last Refresh:
    May 12 at 10:02 pm

    Property Features for 4546 N Ridge Rd E

    General Information

    Standard status
    Active
    Size
    4,385 SF
    Lot size
    0.59 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1878

    We can help!

    Listing Contact
    James Miller IV

    Listing agent James Miller IV License #OH 2015004428

    Listing office The Miller Realty Company

    Listing date Apr 14, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of The Miller Realty Company

    HighLights

    • Restored brick Victorian with great curb appeal
    • Potential to house 12 residents (currently set up for 8)
    • Multiple potential uses: assisted living, B&B, multifamily, single family, offices, retail, salon/spa, mixed use
    • Centralized location with high traffic counts
    • Modern plumbing, electric, and HVAC systems
    • Security and full sprinkler system

    Overview

    This restored brick Victorian property, previously utilized as an 8-bed Intermediate Care Facility with the potential to house 12 residents, features 8 bedrooms, 2.5 baths, and a full kitchen. The building offers large rooms with high ceilings and period detailing, presenting great curb appeal. It could suit multiple alternative purposes such as a bed and breakfast, multifamily, single family, offices, retail, salon/spa, or mixed-use. The property benefits from a centralized location with high traffic counts and offers room to expand or add more parking. Modern plumbing, electric, and HVAC systems are in place, along with a security and full sprinkler system. The property includes a full basement and multiple entrances. Situated on a 0.59-acre lot with 160 ft frontage, the property encompasses 4385 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.919196
    Latitude
    41.802196

    Nearby Similar for Sale

    • $155,000
      688 SF

      Geneva Multifamily Property with Updates

      Two homes on one lot, recently remodeled, great investment potential.
      161 West Street, Geneva, OH 44041
      View Details
    • $164,900

      Fully Leased Duplex Investment

      Reliable income producer with month-to-month leases in place.
      254 S Eagle Street, Geneva, OH 44041
      View Details
    • $349,500
      1,600 SF

      Two-Unit Property Near Lake Erie

      Two-unit property in a seasonal resort, steps from Lake Erie.
      4772 Lake Road E, Geneva, OH 44041
      View Details
    • $1,250,000
      8,200 SF

      Turnkey Cafe, Salon, and Spa

      Ready-to-open cafe, salon, and spa with high-end finishes.
      21 S Broadway, Geneva, OH
      View Details
    • $1,340,851
      8,990 SF

      Retail Plaza in Geneva, Ohio

      8,990 SF retail building on 1.5 acres for sale.
      1020-1032 S Broadway, Geneva, OH
      View Details
    • $1,500,000
      8,864 SF

      Redevelopment Opportunity Near Interstate 90

      3.21 acres with multiple businesses near Interstate 90.
      1851 South Broadway, Geneva, OH 44041
      View Details
    • $199,977

      Commercial Property on Main Street

      Commercial property for sale on State Route 20.
      161 E Main Street, Geneva, OH 44041
      View Details
    • $224,000
      2,760 SF

      Income-Producing Duplex with Commercial Building

      Turnkey duplex and commercial building with income potential.
      559 549 E Main Street, Geneva, OH 44041
      View Details
    • $1.00

      Commercial Property & Established Dealership

      1.3-acre commercial parcel on Route 20, operating as dealership.
      745 E Main Street, Geneva, OH 44041
      View Details
    • $2,400,000
      2,000 SF

      Boutique Motels Investment Opportunity

      Two unencumbered boutique motels with penthouse for sale.
      5225 Old Lake Rd, Geneva, OH 44041
      View Details
    • Contact for pricing
      8,515 SF

      Medical Office Building For Sale

      8,515 SF medical office building available for purchase.
      96 S Broadway, Geneva, OH
      View Details
    • Contact for pricing
      10,535 SF

      Retail Space in Geneva, Ohio

      Retail property available for lease in Geneva, Ohio.
      633 S Broadway, Geneva, OH
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - 8-bedroom restored Victorian suitable for assisted living or alternative uses.
    Where is this assisted living facility located?
    The property is located at 4546 N Ridge Rd E Geneva, OH.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Restored brick Victorian with great curb appeal; Potential to house 12 residents (currently set up for 8); Multiple potential uses: assisted living, B&B, multifamily, single family, offices, retail, salon/spa, mixed use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Miller IV
    Real Estate License ID: OH 2015004428
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    4546 N Ridge Rd E, Geneva, OH 44041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!