Property profile

240 Cunningham Rd Salem, OH 44460

OFF-MARKET
Motels
Property ID
US66-4347837
34,424 SF 1.31 ac lot Built 2015
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 2015
Total area 34,424 SF
Lot 1.31 ac (56,976 SF)
APN 56-017-0-003.07-0
UPID US66-4347837

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

240 Cunningham Rd Salem, OH 44460-9477
Salem metro Census 813400 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.88M
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$765k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.1M +74.4%
Auto repair, garage $3.1M +74.4%
Apartment house (5+ units) $3.1M +71.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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