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    4200 Benefit Ave Ashtabula, OH 44004

    • Manufacturing properties
    • 293,441 SF
    • 19.05 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-1812670
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Conneaut Creek Ship Repair / Shipbuilding And Repair Company

    Property Details for 4200 Benefit Ave

    Year built
    1947
    Construction
    CONCRETE BLOCKS
    Lot size
    19.05 lot acres
    Property size
    293,441 SF
    Property type
    Manufacturing properties
    APN
    05-309-00-008-00
    APU
    53090000800

    Description

    This exceptional 283,527 square foot industrial property in Ashtabula, Ohio, presents a compelling investment opportunity. Situated on a 19.05-acre lot with convenient access to US Route 20 and State Routes 11 & 45, this two-story building boasts 10 loading docks, 10 drive-in doors, and impressive ceiling heights ranging from 15 feet to 23 feet 6 inches. The property includes a 3,000 KVA power station, a truck scale, and extensive outdoor storage. Currently, portions are leased to Great Lakes Shipyard (114,000+ SF) and Associated Materials (42,000+ SF), leaving 127,527+ square feet available. Built in 1947, the building features a dry sprinkler system, multiple cranes, and is mostly fenced. While rail access has been removed, it's feasible to reinstate. The property is zoned industrial and offers five distinct areas within the plant. All city utilities are available. The asking price is $3,500,000, translating to $12.34 per square foot. The APN is 05-309-00-008-00. This property is ideal for a variety of manufacturing and warehousing operations.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,055,000
      6.5%
      $1,140,000
      7%
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,060,000
      Geo Method
      $1,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $1,125,000
      Mixed-Use
      $1,030,000
      Hospitality
      $885,000
      Educational
      $820,000
      Residential Income
      $875,000
      Energy
      $920,000
      Income-Based Land
      $940,000
      Food Service
      $1,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.804
    Latitude
    41.867
    CBSA code
    11780
    CBSA name
    ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,870
    $70,000
    $664,410
    $734,410
    -
    $200,000
    $1,898,300
    $2,098,300

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      Benefit Ave

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      View Details
    • Value Estimation by Request
      0.11 Acres

      1335 Columbus Ave

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      0.15 Acres

      Fargo Dr

      MANUFACTURING (LIGHT) • 0.15 Acres
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      2.10 Acres

      1726 Griswold Ave

      MANUFACTURING (LIGHT) • 2.10 Acres
      1726 Griswold Ave, Ashtabula, OH 44004-9213
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    • Value Estimation by Request
      2.46 Acres

      3817 Lk Ave

      MANUFACTURING (LIGHT) • 2.46 Acres
      3817 Lk Ave, Ashtabula, OH 44004-5831
      View Details
    • Value Estimation by Request
      0.65 Acres

      3095 Lk E Rd

      MANUFACTURING (LIGHT) • 0.65 Acres
      3095 Lk E Rd, Ashtabula, OH 44004-3828
      View Details

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    Ashtabula, OH 44004
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    Realmo Value Estimation

    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.

    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.

    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
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