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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Warehouses
2001 Aetna Rd Ashtabula, OH 44004-6297
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2477022
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
39,093 SF
Lot
4.59 ac (199,940 SF)
APN
03-048-00-012-00
UPID
US66-2477022
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
-
Ashtabula Electric Experts Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.47M
Owner & transaction history
2001 Aetna Road LLC · 3 yrs held
2001 Aetna Road LLC
since 2022
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+113.8%
Office building
$2.4M
+90.3%
Commercial (general)
$2.2M
+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
$3,460,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
$2,735,000
6.5%
$2,525,000
7%
$2,345,000
Alternative Use
Use
Estimation
RESTAURANT
$2,675,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$2,380,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,200,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.95M (Aug 19 2022)
Last sale anchor
$3.95M
Aug 19 2022
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
$89 / 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
$40,945
Tax year 2023
Assessed value
$527,660
Assessed 2023
Previous assessed
$527,660
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$27,370
Assessed improvement
$500,290
Land market value
$78,200
Improvement market value
$1,429,400
Total market value
$1,507,600
Applied tax rate
3.0000
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
1999
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
1
Total area
39,093 SF
Lot
4.59 ac (199,940 SF)
APN
03-048-00-012-00
UPID
US66-2477022
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
$2.7M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1999
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Lot
4.59 ac
Current owner
From public records · entity-resolved
2001 Aetna Road LLC
Entity
Mailing address
304 MDW LN, CHARLES CITY, IA 50616-4045
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$3,950,000
2001 Aetna Road LLC
Mk2 Properties LLC
Warranty Deed
$3,548,000 · Two Rivers Bank & Trust
Mar 17, 2008
—
Mk2 Properties LLC
Mk Properties Ltd
Quit Claim Deed
related
—
—
—
Mk2 Properties LLC
—
Deed Of Trust
related
$600,000 · Seven Seventeen Cu INC
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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