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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
2000 Great Lks Ave Ashtabula, OH 44004-3451
Individually Owned
7-yr Hold
Free & Clear
Property ID
US66-1528242
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
WOOD
Total area
18,060 SF
Lot
16.35 ac (712,293 SF)
APN
68-412-00-003-03
UPID
US66-1528242
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$985k
Owner & transaction history
James R Carkhuff · 7 yrs held
James R Carkhuff
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+113.8%
Office building
$1.1M
+90.3%
Commercial (general)
$1.0M
+75.9%
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 Ashtabula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashtabula 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%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
RESTAURANT
$1,235,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,015,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$940,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$55 / 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
$13,973
Tax year 2023
Assessed value
$188,520
Assessed 2023
Previous assessed
$188,520
+0.0% YoY
Effective rate
7.41%
On assessed value
Assessed land
$85,860
Assessed improvement
$102,660
Land market value
$245,300
Improvement market value
$293,300
Total market value
$538,600
Applied tax rate
68.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
18,060 SF
Lot
16.35 ac (712,293 SF)
APN
68-412-00-003-03
UPID
US66-1528242
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
RETAIL STORES
Est. value
$695,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
16.35 ac
Current owner
From public records · entity-resolved
James R Carkhuff
Individual
Free & Clear · 7 yrs held
Mailing address
3556 RTE 307, AUSTINBURG, OH 44010
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
$480,000
James R Carkhuff
Phelps Marine Properties INC
Warranty Deed
—
Apr 1, 2016
$1,000
S & W Lakeshore Properties LLC
Phelps Marine Prop INC
Warranty Deed
—
Apr 1, 2016
—
S & W Lakeshore Prop LLC
S & W Lakeshore Prop LLC
Quit Claim Deed
related
—
Jun 22, 2012
$100,000
S & W Lakeshore Properties LLC
Phelps Marine Properties INC
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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