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Property profile & analytics
OFF-MARKET
Motels

179 Maumee Ave Napoleon, OH 43545-2020

1.04 ac lot Built 1900
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US66-4763208
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established motel in Napoleon, Ohio, boasting an impressive 90%+ occupancy rate. The property includes a fully remodeled motel (windows, doors, flooring, and paint updated approximately six years ago), featuring weekly, bi-weekly, and monthly rates, making it an ideal extended-stay option. The low-maintenance vinyl siding and large asphalt parking area add to its appeal. The property also includes a substantial four-bedroom, one-and-a-half-bathroom house with a basement, providing additional income potential or owner accommodations. A detached 864 square foot garage further enhances the property's value. All structures – the motel, house, and garage – are situated on a single 1.04-acre parcel, simplifying ownership and management. The motel's simple operation and decades-long history contribute to its profitability. This is a rare opportunity to acquire a turnkey, high-performing motel with significant ancillary benefits. The property's strong occupancy rate and low operational costs make it an attractive investment for discerning buyers seeking a stable and profitable venture. The combination of the motel, house, and garage on a single tax parcel presents a unique and compelling investment package.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1900
Lot 1.04 ac (45,211 SF)
APN 41-009334.0800
UPID US66-4763208
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
  • Napoleon Motor Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Willy Apt LLC · 10 yrs held
Willy Apt LLC
since 2016
4 recorded transactions
2016
$165,000
2011
$29,000
2010
$100,000
2005
$460,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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