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Property profile & analytics
OFF-MARKET Estimated value $4,050,000
Hotels

1831 Austinburg Rd Austinburg, OH 44010-9762

44,925 SF 2.6 ac lot Built 2000
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US66-1994180
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Holiday Inn Express & Suites Ashtabula-Geneva, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.05M
Owner & transaction history
Ashtabula Hospitality LLC · 18 yrs held
Ashtabula Hospitality LLC
since 2008
3 recorded transactions
2008
$5.6M
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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