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1144 W Prospect Rd Ashtabula, OH 44004

Outlet malls Google Maps
45,683 SF 7.23 ac lot Built 1999
Entity Owned 11-yr Hold Free & Clear
Estimated value (blended)
$1.64M
Range $1.48M – $1.80M (±10%)
Property ID US66-2466120

Property summary

AI-generated overview

This exceptional 0.2-acre commercial land parcel, located at 1144 W Prospect Rd in Ashtabula, Ohio, presents a unique opportunity for businesses seeking a strategic location in Ashtabula County. The property is designated as single-tenant land, offering complete control and flexibility for development. With a total building square footage of 1 square foot (suitable for new construction), this site is ideal for a variety of commercial ventures. The property's address is conveniently situated at 1144 W Prospect Rd, providing excellent visibility and accessibility. The lot size of 0.2 acres offers ample space for building and potential expansion. Situated in Ashtabula, Ohio, zip code 44004, this location benefits from the area's established infrastructure and proximity to local amenities. This is a rare opportunity to acquire a strategically located commercial land parcel in a growing market. The property is currently available for lease, allowing for immediate development and occupancy. Interested parties are encouraged to act quickly to secure this prime commercial real estate opportunity. The property is classified as commercial land within Ashtabula County, Ohio. Further details regarding zoning and development possibilities are available upon request. This is an excellent chance to establish a strong presence in a thriving community.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1999
Total area 45,683 SF
Lot 7.23 ac (315,069 SF)
APN 05-103-00-034-00
UPID US66-2466120

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Business Service Center Corporate Office
  • Building Supply Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.73M
Blend (final) Blend
$1.64M

Owner & transaction history

since 2015
4 recorded transactions
2025
Price N/A
2019
Price N/A
2015
Price N/A
2015
$600,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.6M +45.9%
Auto repair, garage $2.4M +35.0%
Apartment house (5+ units) $2.0M +12.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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