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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Hotels
255 Lakeshore Dr Port Clinton, OH 43452-9477
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0587373
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2003
Total area
27,380 SF
Lot
2.01 ac (87,338 SF)
APN
021-17817-22675-000
UPID
US66-0587373
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
-
Drinking Logos LLC Industrial Manufacturer Production Facility
-
Commodore Perry Inn & Suites Hotel & Motel
-
ATM Atm
-
Off The Rock - Pool & Patio Bar Bar & Pub
-
Riverside Cantina Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
255 W Lakeshore Dr LLC · 4 yrs held
255 W Lakeshore Dr LLC
since 2021
Last sale
$1.2M
5 recorded transactions
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 Port Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Clinton 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
$1,055,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.20M (Nov 24 2021)
Last sale anchor
$1.20M
Nov 24 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
$42 / 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
$32,028
Tax year 2023
Assessed value
$681,916
Assessed 2023
Previous assessed
$681,916
+0.0% YoY
Effective rate
4.70%
On assessed value
Assessed land
$73,532
Assessed improvement
$608,384
Land market value
$210,090
Improvement market value
$1,738,240
Total market value
$1,948,330
Applied tax rate
21.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2003
Heating
YES
Cooling
CENTRAL
Stories
3
Units
69
Total area
27,380 SF
Lot
2.01 ac (87,338 SF)
APN
021-17817-22675-000
UPID
US66-0587373
Jurisdiction
OTTAWA
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
2003
Heating
YES
Cooling
Yes
Stories
3
Units
69
Lot
2.01 ac
Current owner
From public records · entity-resolved
255 W Lakeshore Dr LLC
Entity
Mailing address
255 W LAKESHORE DR, PORT CLINTON, OH 43452-9477
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
—
255 W Lakeshore Dr LLC
—
Deed
related
$150,000 · The Huntington National Bank
Nov 24, 2021
$1,200,000
255 W Lakeshore Dr LLC
Cpis Properties LLC
Warranty Deed
$625,000 · The Huntington National Bank
Apr 3, 2014
—
Cpis Properties LLC
Commondore Perry Inns & Suites
Quit Claim Deed
related
—
—
—
Cpis Properties LLC
—
Deed Of Trust
related
$1,459,060 · Huntington Nat'l Bk
—
—
Cpis Properties LLC
—
Deed Of Trust
related
$350,000 · Huntington Nat'l Bk
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
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