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Property profile & analytics
FOR SALE
Retail space
1115 W Prospect Rd Ashtabula, OH 44004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1910527
For Sale
1 / 2
$1,535,000
1115 W Prospect Rd, Ashtabula, OH 44004
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
CONCRETE BLOCKS
Total area
11,352 SF
Lot
1.31 ac (56,976 SF)
APN
05-304-00-025-00
UPID
US66-1910527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rite Aid Pharmacy Pharmacy
-
Shannon L. Pratschler, RPH Pharmacy
-
Western Union Bank Credit Union
-
Dennis J. Farina, RPH Pharmacy
-
Brianne L. Wolf, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$1.54M
Owner & transaction history
Afli3 LLC · 2 yrs held
Afli3 LLC
since 2023
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ashtabula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashtabula submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,535,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,145,000
7%
$1,990,000
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.52M (Aug 28 2023)
Last sale anchor
$1.52M
Aug 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,391
Tax year 2023
Assessed value
$449,690
Assessed 2023
Previous assessed
$449,690
+0.0% YoY
Effective rate
7.20%
On assessed value
Assessed land
$119,670
Assessed improvement
$330,020
Land market value
$341,900
Improvement market value
$942,900
Total market value
$1,284,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1996
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
11,352 SF
Lot
1.31 ac (56,976 SF)
APN
05-304-00-025-00
UPID
US66-1910527
Jurisdiction
ASHTABULA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Afli3 LLC
Entity
Mailing address
3066 STELLING DR, PALO ALTO, CA 94303-3968
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
$1,515,512
Afli3 LLC
Ra Ohpa Owner LLC
Limited Warranty Deed
$975,000 · Bmo Harris Bank NA
May 3, 2022
—
Ra Ohpa Owner LLC
—
Deed
related
$15,600,000 · Midfirst Bank
May 4, 2017
—
Ra Ohpa Owner LLC
—
Grant Deed
related
$35,780,000 · A10 Cap
Jan 5, 2016
$1,900,605
Ra Ohpa Owner LLC
Spp Ohra Rad Fund LLC
Grant Deed
—
Apr 7, 2014
—
Ashtabula Prospect Road I LLC
Ashtabula Prospect Road LP
Quit Claim Deed
related
—
Apr 7, 2014
$1,522,889
Spp Ohpa Rad Fund LLC
Ashtabula Prospect Road I LLC
Grant Deed
related
$9,950,000 · Rait Ptshp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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