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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Outlet malls
199 Gtwy Ave E E Ste Conneaut, OH 44030-2352
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-5196264
Property summary
AI-generated overview
This exceptional retail opportunity in Ashtabula County presents two anchor units available for lease within a thriving plaza. The property boasts a total of 114,646 square feet, situated on an expansive 11.469-acre lot. One unit offers 34,824 square feet with a 22-foot clear height to the deck and 16-foot clear height to the joist, while the second unit comprises 62,902 square feet, featuring a 19-foot clear height to the deck and 13-foot clear height to the joist. The property benefits from its strategic location, providing immediate access to I-90 (25,000 vehicles per day) and nearly 1,000 feet of frontage along SR-7. Ample parking is available with over 600 spaces. Current tenants include Dollar Tree and AutoZone. The property, built in 1981, consists of two single-story buildings and has a current Net Operating Income (NOI) of approximately $110,000. The property's APN is 12-316-00-007-00, 12-316-00-008-01, and 12-316-00-008-02. Detailed rent rolls are available upon request. This is a Class C property with a single tenancy.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1981
Total area
34,824 SF
Lot
3.52 ac (153,331 SF)
APN
12-316-00-008-02
UPID
US66-5196264
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
-
Storage of America Storage Facility
-
CVS Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Dollar Tree Discount Store
-
Gateway Plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$770k
Owner & transaction history
Dmv Two LLC · 4 yrs held
Dmv Two LLC
since 2021
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Conneaut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conneaut 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
$705,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $800k (Nov 12 2021)
Last sale anchor
$800k
Nov 12 2021
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
$22 / 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
$8,465
Tax year 2023
Assessed value
$113,400
Assessed 2023
Previous assessed
$113,400
+0.0% YoY
Effective rate
7.46%
On assessed value
Assessed land
$11,760
Assessed improvement
$101,640
Land market value
$33,600
Improvement market value
$290,400
Total market value
$324,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1981
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
34,824 SF
Lot
3.52 ac (153,331 SF)
APN
12-316-00-008-02
UPID
US66-5196264
Jurisdiction
ASHTABULA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Heating
YES
Cooling
Yes
Stories
1
Lot
3.52 ac
Current owner
From public records · entity-resolved
Dmv Two LLC
Entity
Free & Clear · 4 yrs held
Mailing address
106 CARLSON CV, EDGEWATER, FL 32132-3601
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$800,000
Dmv Two LLC
Ideal Ohio Holdings LLC
Limited Warranty Deed
—
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.
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