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    Property profile & analytics

    1723 Perry St Port Clinton, OH 43452-1425

    • Motels
    • 25,476 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimation
    $1,635,000
    Last Sale
    Apr 02, 2024
    $1,600,000
    Location Intelligence
    Property ID
    US66-1864007
    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

    • Quality Inn / Hotel

    Property Details for 1723 Perry St

    Year built
    1987
    Lot size
    1.03 lot acres
    Property size
    25,476 SF
    Property type
    Motels
    APN
    021-00451-13936-000
    APU
    210045113936000

    Description

    This exceptional 54-unit hotel, situated on a 0.13-acre lot in Port Clinton, Ohio, presents a compelling investment opportunity. The 25,476 square-foot, two-story building, constructed in 1987 and renovated in 2004, boasts a Class C rating and is commercially zoned. Currently operating as a hotel, the property offers 54 keys, each valued at $51,833.33, resulting in an asking price of $2,799,000 ($109.87 per square foot). Its prime location in Port Clinton, a thriving area, ensures strong seasonal performance and significant potential for growth through targeted marketing and operational enhancements. The property's ample space and versatile commercial zoning allow for various hospitality and select-service uses. This well-maintained asset offers a strong return on investment for discerning buyers seeking a stable, high-demand property in a desirable tourist destination. The property's APN is 021-00451-13936-000. Further financial details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,715,000
      6.5%
      $1,650,000
      7%
      $1,670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,660,000
      Geo Method
      $1,790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,770,000
      Retail
      $1,815,000
      Mixed-Use
      $1,750,000
      Hospitality
      $1,855,000
      Educational
      $1,775,000
      Residential Income
      $1,755,000
      Energy
      $1,615,000
      Income-Based Land
      $1,470,000
      Food Service
      $1,390,000

    Location Insight

    • Map
    • Local Demand
    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.9169
    Latitude
    41.5152
    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
    $30,073
    $141,327
    $498,960
    $640,287
    -
    $403,790
    $1,425,600
    $1,829,390

    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
      $1,095,000
      1,169 SF

      4495 Darr Hopfinger Rd

      MOTEL • 1,169 SF
      4495 Darr Hopfinger Rd, Port Clinton, OH 43452-8907
      View Details
    • Value Estimation
      $275,000
      2,056 SF

      216 Perry St

      MOTEL • 2,056 SF
      216 Perry St, Port Clinton, OH 43452
      View Details
    • Value Estimation
      $330,000
      3,247 SF

      5065 Sloan St

      MOTEL • 3,247 SF
      5065 Sloan St, Port Clinton, OH 43452-9778
      View Details
    • Value Estimation
      $415,000
      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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    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
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      Four Kroger outlot ground leases available.
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      View Details
    Request Owner's contact information
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    1723 Perry St
    Port Clinton, OH 43452-1425
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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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