Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Motels
1860 Niles Cortland SE Rd Warren, OH 44484-3035
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2464803
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Total area
30,156 SF
Lot
1.47 ac (64,033 SF)
APN
28-902403
UPID
US66-2464803
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
-
Fairfield Inn Warren Niles Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Cni Thl Propco Fe LLC · 8 yrs held
Cni Thl Propco Fe LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+42.7%
Retail stores
$2.5M
+39.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,490,000
7%
$1,380,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,760,000
Current use
AUTO REPAIR, GARAGE
$2,515,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$2,465,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$50,154
Tax year 2023
Assessed value
$761,010
Assessed 2023
Previous assessed
$599,000
+27.0% YoY
Effective rate
6.59%
On assessed value
Assessed land
$145,600
Assessed improvement
$615,410
Land market value
$416,000
Improvement market value
$1,758,300
Total market value
$2,174,300
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Heating
NONE
Stories
3
Total area
30,156 SF
Lot
1.47 ac (64,033 SF)
APN
28-902403
UPID
US66-2464803
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
3
Lot
1.47 ac
Current owner
From public records · entity-resolved
Cni Thl Propco Fe LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY, IRVING, TX 75062-3931
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Cni Thl Propco Fe LLC
—
Deed
related
$794,000,000 · German American Capital Corporation
Sep 17, 2020
—
Cni Thl Propco Fe LLC
—
Deed
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
Nov 21, 2017
$1,755,700
Cni Thl Propco Fe LLC
W2005 Fargo Hotels Pool B Realty L
Quit Claim Deed
related
—
Jun 4, 2013
—
Fargo Hotels Pool B Re W2005
—
Deed Of Trust
related
$775,000,000 · German American Capital Corp
Jun 1, 2011
—
Fargo Hotels Pool B Re W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Oct 3, 2006
—
Fargo Hotels Pool B Re W2005
Fi Management Of Niles INC
Quit Claim Deed
related
—
May 31, 2006
$7,583,400
Fargo Hotels Pool B Re W2005
Fi Management Of Niles INC
Grant Deed
—
Feb 25, 2005
—
Fi Management Of Niles INC
Midwest Heritage Inn Of Niles INC
Grant Deed
$22,884,000 · Countrywide Com'l R E Fin
—
—
Cni Thl Propco Fe LLC
—
Loan Modification
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1860 Niles Cortland SE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
