1530 Cleveland Rd Sandusky, OH 44870-4302
Property profile & analytics
1530 Cleveland Rd Sandusky, OH 44870-4302
- Hotels
- 12,300 SF
- 0.68 lot acres
Property ID
US66-2344436
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.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 1530 Cleveland Rd
- Year built
- 1950
- Lot size
- 0.68 lot acres
- Property size
- 12,300 SF
- Property type
- Hotels
- APN
- 57-00766-000
- APU
- 5700766000
Description
This exceptional 103-unit hotel presents a lucrative investment opportunity in the thriving Lake Erie Shores & Islands region of Sandusky, Ohio. Boasting a prime location just five minutes from Cedar Point amusement park, Cedar Point Sports Center/Sports Force Parks, and downtown Sandusky, this property benefits from the area's robust $2.7 billion tourism industry and 13 million annual visitors. The hotel features a fully operational lobby, a complete restaurant with all equipment included, a one-bedroom house, and a county liquor permit (state license not included). Guest rooms are fully furnished and equipped with recently upgraded amenities such as new HVAC systems, apartment-style refrigerators, and electronic door locks. A swimming pool and courtyard enhance the guest experience, while on-site laundry facilities add convenience. The property also includes ample parking and expansion potential across its eleven parcels, encompassing approximately 3.7 acres. The diverse room types cater to a wide range of guests, including 1 two-bedroom king suites with kitchens, 5 king studios, 25 single king rooms, 65 double-double rooms, and 7 single-double rooms. A full-time maintenance staff has ensured the property's upkeep, and it has been utilized for employee housing. A detailed inventory of included items is available upon request. This turnkey operation is ready for a new owner to capitalize on the region's consistent tourism revenue.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,415,000
- ML approach
- $1,455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,390,000
- 6.5%
- $1,280,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,185,000
- AI Estimate
- $1,873,000
Market price range: $1.19M - $4.53MMarket price range: $1.87M - $2.47M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sandusky
- County
- Erie
- State
- Ohio
- Longitude
- -82.6883
- Latitude
- 41.4426
- CBSA code
- 41780
- CBSA name
- SANDUSKY, OH METROPOLITAN 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
$6,339
$47,810
$45,318
$93,128
-
$136,600
$129,480
$266,080
