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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Commercial land
2656 Hbr Rd, Port Clinton, OH 43452-2608
Individually Owned
3-yr Hold
Absentee Owner
Property ID
US66-2944746
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2017
Total area
7,900 SF
Lot
2.93 ac (127,805 SF)
APN
020-07852-10402-000
UPID
US66-2944746
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
-
Coastal Yacht Detailing Car Wash
-
Coastal Auto Spa Car Wash
-
Coastal Auto Spa Ohio Auto Repair Shop
-
Island Landings Business & Storage Condos Business Park
-
Coastal Epoxy Coatings Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Robert M Lorensen · 3 yrs held
Robert M Lorensen
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$880,000
+72.3%
Retail stores
$690,000
+34.7%
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
$705,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
RESTAURANT
$880,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $850k (Jan 16 2025)
Last sale anchor
$850k
Jan 16 2025
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
$102 / 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
$1,235
Tax year 2023
Assessed value
$28,326
Assessed 2023
Previous assessed
$28,326
+0.0% YoY
Effective rate
4.36%
On assessed value
Assessed land
$28,326
Land market value
$80,930
Total market value
$80,930
Applied tax rate
20.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2017
Heating
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
7,900 SF
Lot
2.93 ac (127,805 SF)
APN
020-07852-10402-000
UPID
US66-2944746
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$510,000
RESTAURANT
Est. value
$880,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2017
Heating
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Robert M Lorensen
Individual
Mailing address
2640 E HBR RD, PORT CLINTON, OH 43452-2608
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$223,125
Robert M Lorensen
Jdm Island Development LLC
Survivorship Deed
—
Nov 28, 2022
$224,600
David W Scarberry SR.
Jdm Island Development LLC
Survivorship Deed
—
Nov 1, 2022
$203,550
Timothy D Evans
Jdm Island Development LLC
Survivorship Deed
$160,000 · The Croghan Colonial Bank
Dec 29, 2021
$169,975
Randall M Cloonan
Jdm Island Development LLC
Warranty Deed
$132,800 · First National Bank Of Bellevue
Dec 22, 2021
$169,825
Stephanie Mcmillion
Jdm Sland Development LLC
Warranty Deed
—
Dec 17, 2021
$168,400
Mawl Properties LLC
Jdm Island Development LLC
Warranty Deed
—
Dec 10, 2021
$161,850
Jeffery Trace
Jdm Island Development LLC
Warranty Deed
—
Dec 3, 2021
$178,025
Mark A Sprenger
Jdm Island Development LLC
Warranty Deed
—
Mar 15, 2021
—
Jdm Island Development LLC
Jdm Island Development LLC
Intrafamily Transfer
related
—
Mar 12, 2021
$105,900
Michael P Wallenhorst
Jdm Island Development LLC
Warranty Deed
—
Dec 10, 2020
$126,900
Gerald E Masisak
Jdm Island Dev LLC
Warranty Deed
—
Nov 24, 2020
—
Ps Boatworks LLC
Jdm Island Development LLC
Warranty Deed
—
Nov 13, 2020
—
Pobkat LLC
Jdm Island Development LLC
Warranty Deed
related
—
Jul 21, 2017
—
Jdm Island Development LLC
J And D Island Development LLC
Warranty Deed
$704,000 · First National Bank Of Bellevue
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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