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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1704 Perry St Port Clinton, OH 43452-1426

    • Motels
    • 18,972 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0581933
    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

    • Super 8 by Wyndham Port Clinton / Hotel / Inn

    Property Details for 1704 Perry St

    Year built
    1985
    Lot size
    1.11 lot acres
    Property size
    18,972 SF
    Property type
    Motels
    APN
    021-16704-22546-000
    APU
    211670422546000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.9184
    Latitude
    41.5139
    CBSA code
    45780
    CBSA name
    TOLEDO, 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
    $18,623
    $77,301
    $319,200
    $396,501
    -
    $220,860
    $912,000
    $1,132,860

    Comparable in this City

    • Value Estimation
      $250,000
      2,152 SF

      3083 Catawba Rd

      MOTEL • 2,152 SF
      3083 Catawba Rd, Port Clinton, OH 43452-3153
      View Details
    • Value Estimation
      $245,000
      1,070 SF

      2665 Hbr Rd

      MOTEL • 1,070 SF
      2665 Hbr Rd, Port Clinton, OH 43452-2607
      View Details
    • Value Estimation
      $225,000
      1,169 SF

      4495 Darr Hopfinger Rd

      MOTEL • 1,169 SF
      4495 Darr Hopfinger Rd, Port Clinton, OH 43452-8907
      View Details
    • Value Estimation
      $215,000
      2,056 SF

      216 Perry St

      MOTEL • 2,056 SF
      216 Perry St, Port Clinton, OH 43452
      View Details
    • Value Estimation
      $310,000
      3,247 SF

      5065 Sloan St

      MOTEL • 3,247 SF
      5065 Sloan St, Port Clinton, OH 43452-9778
      View Details
    • Value Estimation
      $310,000
      12,418 SF

      2039 Hbr Rd

      MOTEL • 12,418 SF
      2039 Hbr Rd, Port Clinton, OH 43452-1536
      View Details

    Similar Nearby for Sale

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      12.56 Acres

      Port Clinton Acreage with Campground

      12.559 acres with frontage and seasonal campground.
      5601 E Pittsburgh St, Port Clinton, OH 43452
      View Details
    • $3,500,000
      9.88 Acres

      Lakeshore Commercial Property

      Prime Ohio Waterfront Investment
      247 Lakeshore Rd, Port Clinton, OH 43452
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    • $765,000
      2,017 SF

      Catawba Island Waterfront Condominium

      Professionally decorated condominium with lake views and marina access.
      4333 Marin Woods, Port Clinton, OH 43452
      View Details
    • $204,900
      669 SF

      Waterfront Condo with Marina Access

      Furnished condo with lake views, marina access, and amenities.
      306 Clinton Reef Dr, Port Clinton, OH 43452
      View Details
    • $449,999
      1.10 Acres

      Land Near Catawba Island Club

      Generous 1+ acre lots near Lake Erie and golf course.
      2369 N Peachtree Ln, Port Clinton, OH 43452
      View Details
    • $449,999
      1.30 Acres

      Land in Peach Tree Estates

      Generous 1+ acre lots near Lake Erie.
      2425 N Peachtree Ln, Port Clinton, OH 43452
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      9,300 SF

      East Harbor Road Retail/Office Space

      Prime Retail & Office, Immediate Occupancy
      2853 Harbor Rd, Port Clinton, OH 43452
      View Details
    • $2 SF/Yr
      12,000 SF

      Port Clinton Commercial Land Lease

      Four Kroger outlot ground leases available.
      2006 Harbor Rd, Port Clinton, OH 43452
      View Details

    Property Visit Statistics

    • Visits by month
      29.4k
    • Visitors by month
      11.9k
    • Avg Time on site
      10 min
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    1704 Perry St
    Port Clinton, OH 43452-1426
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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