Property profile

1831 Austinburg Rd Austinburg, OH 44010

OFF-MARKET
Hotels
Property ID
US66-1994180
44,925 SF 2.6 ac lot Built 2000
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 77-room Holiday Inn Express & Suites hotel, built in 2000, presents a compelling investment opportunity. Located in Austinburg, Ohio, at 1831 Austinburg Rd (zip code 44010), this property boasts a prime location just off I-90, offering easy access to major businesses and attractions. The 44,925 square foot hotel sits on a 2.312-acre lot and is priced at $8,700,000, translating to $193.66 per square foot. The hotel features 77 guest rooms, including 21 suites, catering to a diverse range of travelers. Its strategic location near Cristal Global, Molded Fiber Glass, General Aluminum, Norfolk Southern, and King Luminaire makes it attractive for business travelers. Leisure travelers are also well-served by its proximity to Ohio Wine Country, Grand River Valley, Lake Erie's coast (Geneva-on-the-Lake), and the Spire Olympic Training Center. This fully operational hotel offers a strong track record and significant potential for future growth. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-performing hotel in a desirable location.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2000
Construction WOOD
Total area 44,925 SF
Lot 2.6 ac (113,343 SF)
APN 48-026-00-007-01
UPID US66-1994180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1831 Austinburg Rd Austinburg, OH 44010-9762
Austinburg metro Census 702 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k

Owner & transaction history

since 2008
3 recorded transactions
2008
$5.6M
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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