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    Property profile & analytics

    1040 Prospect Rd Ashtabula, OH 44004-6764

    • Turn key restaurants
    • 2,036 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $735,000
    Location Intelligence
    Property ID
    US66-2133531
    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

    • Wendy's / Restaurant / Fast Food Restaurant

    Property Details for 1040 Prospect Rd

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    2,036 SF
    Property type
    Turn key restaurants
    APN
    05-118-00-144-01
    APU
    51180014401

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7957
    Latitude
    41.8635
    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
    $9,520
    $48,130
    $83,580
    $131,710
    -
    $137,500
    $238,800
    $376,300

    Comparable in this City

    • Value Estimation by Request
      6,833 SF

      2339 Ww Ave

      RESTAURANT • 6,833 SF
      2339 Ww Ave, Ashtabula, OH 44004-3109
      View Details
    • Value Estimation
      $435,000
      4,476 SF

      2424 Rdg E Rd

      RESTAURANT • 4,476 SF
      2424 Rdg E Rd, Ashtabula, OH 44004-5306
      View Details
    • Value Estimation by Request
      0.30 Acres

      38th St

      RESTAURANT • 0.30 Acres
      38th St, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request
      0.40 Acres

      Prospect Rd

      RESTAURANT • 0.40 Acres
      Prospect Rd, Ashtabula, OH 44004
      View Details
    • Value Estimation
      $795,000
      3,075 SF

      1226 Prospect Rd

      RESTAURANT • 3,075 SF
      1226 Prospect Rd, Ashtabula, OH 44004-6567
      View Details
    • Value Estimation
      $580,000
      4,228 SF

      4241 Rdg E Rd

      RESTAURANT • 4,228 SF
      4241 Rdg E Rd, Ashtabula, OH 44004
      View Details

    Similar Nearby for Sale

    • $1,600,000
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      Pizza Hut NNN Investment Opportunity

      Long-term Pizza Hut NNN lease with rental increases.
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    • $995,000
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      Remodeled Restaurant with Liquor License

      Established restaurant with recent updates, equipment, and liquor license.
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    • $195,000
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      Commercial Property in Saybrook, Ohio

      Commercial property with residential dwelling and office/daycare space in Saybrook.
      2009 W Prospect Rd, Ashtabula, OH 44004
      View Details
    • $119,500
      0.96 Acres

      Ashtabula Commercial Building with Loading

      6,000 SF building with loading docks on 0.96-acre lot.
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      Downtown Ashtabula Retail Gem

      Prime Retail Space, Huge Potential
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    Similar Nearby for Lease

    • Contact for pricing
      6,008 SF

      Ashtabula Retail Space For Lease

      Prime Retail Building, Ample Parking
      1818 Prospect Rd, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      3,350 SF

      Retail/Medical Space in Plaza East

      Turn-key retail and medical spaces available in busy Ashtabula.
      2825-2893 N Ridge Rd, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      2,928 SF

      Retail Buildings on Major Artery

      Two freestanding retail buildings on 1.10 acres for lease.
      833 Lake Ave, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      19,500 SF

      Prime Ashtabula Retail Space

      High-traffic retail space, 4,000 sq ft available.
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      6,183 SF

      Retail Space in Home Depot Plaza

      Retail space for lease in Ashtabula County, Ohio.
      3200 Market Place Dr, Ashtabula, OH 44004
      View Details
    • $24,520
      95,963 SF

      Ashtabula Retail Space Available

      Commercial space for lease in high-traffic Ashtabula location.
      3315 N Ridge Rd, Ashtabula, OH 44004
      View Details

    Property Visit Statistics

    • Visits by month
      783
    • Visitors by month
      918
    • Avg Time on site
      20 min
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    1040 Prospect Rd
    Ashtabula, OH 44004-6764
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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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