179 Maumee Ave Napoleon, OH 43545
- Motels
- 1.04 lot acres
Current Use by Public Records
- Napoleon Motor Inn / Hotel / Lodging
Property Details for 179 Maumee Ave
- Year built
- 1900
- Lot size
- 1.04 lot acres
- Property type
- Motels
- APN
- 41-009334.0800
- APU
- 410093340800
Description
This exceptional investment opportunity presents a well-established motel in Napoleon, Ohio, boasting an impressive 90%+ occupancy rate. The property includes a fully remodeled motel (windows, doors, flooring, and paint updated approximately six years ago), featuring weekly, bi-weekly, and monthly rates, making it an ideal extended-stay option. The low-maintenance vinyl siding and large asphalt parking area add to its appeal. The property also includes a substantial four-bedroom, one-and-a-half-bathroom house with a basement, providing additional income potential or owner accommodations. A detached 864 square foot garage further enhances the property's value. All structures – the motel, house, and garage – are situated on a single 1.04-acre parcel, simplifying ownership and management. The motel's simple operation and decades-long history contribute to its profitability. This is a rare opportunity to acquire a turnkey, high-performing motel with significant ancillary benefits. The property's strong occupancy rate and low operational costs make it an attractive investment for discerning buyers seeking a stable and profitable venture. The combination of the motel, house, and garage on a single tax parcel presents a unique and compelling investment package.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $185,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $195,000
- Mixed-Use
- $165,000
- Hospitality
- $190,000
- Educational
- $175,000
- Residential Income
- $170,000
- Energy
- $165,000
- Income-Based Land
- $170,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Napoleon
- County
- Henry
- State
- Ohio
- Longitude
- -84.1187
- Latitude
- 41.3867