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Financial
Distress signals
Property profile

5205 Lake Rd West Ashtabula, OH 44004

FOR SALE
Turn key restaurants
Property ID
US66-0889550
7,331 SF 1.84 ac lot Built 1947
Last sale Mar 2024 · $490,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This established restaurant space was remodeled in 2021 and includes interior and exterior LED lighting, new ceiling tiles, new carpet, installed CAT 5 wiring, new speakers, an updated bar area, and new windows in the patio room. Additional improvements include a replaced/updated electrical system and a new parking lot. Included chattel consists of kitchen equipment installed in 2024; bar equipment such as coolers, a draft system, and ice machines; dining room furniture including tables and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$137k
Assessed land$53k
Assessed improvement$84k
Effective rate15.10%

Value estimate

· Oct 2026
$490k
$441k – $539k
AI approach$490k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$4k
Operating expenses−$23k
NOI · 11.79% cap applied$70k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
County average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$34 – $122

Cap rate analysis

How does the asset earn?
11.79%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionASHTABULA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.8
Realty agency9.8
Law Firm8.9

Location

5205 Lake Rd West Ashtabula, OH 44004
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2716 Rdg E, Ashtabula, OH 44004-4471 $75,000 Sep 2024 6,240 SF
4733 Elm, Ashtabula, OH 44004-6920 $100,000 Sep 2024 7,191 SF
1710 19th, Ashtabula, OH 44004-3038 $450,000 Jun 2024 8,640 SF
5028 Benefit, Ashtabula, OH 44004-6531 $125,000 Feb 2024 8,360 SF
1033 Lk, Ashtabula, OH 44004-2927 $110,000 Nov 2023 6,102 SF
2205 Prospect, Ashtabula, OH 44004-5355 $180,000 Nov 2023 7,778 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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