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    2853 E Harbor Rd Port Clinton, OH 43452

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    2853 E Harbor Rd Port Clinton, OH 43452

    View on Map
    • Strip malls
    • 9,120 SF
    • 1.41 lot acres
    For Lease
    $1,105,000
    View Listing →
    Retail/Office Space Available Immediately For Lease
    $1,105,000
    1,500 SF

    Retail/Office Space Available Immediately

    Two 1,500 sq. ft. units available for rent.

    2853 E Harbor Rd, Port Clinton, OH 43452
    View Listing
    Property ID
    US66-1321499
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dianna's Deli & Restaurant / Restaurant
    • Dana & Co Studio Salon / Hair Salon / Nail Salon

    Property Details for 2853 E Harbor Rd

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    1.41 lot acres
    Property size
    9,120 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    020-07819-10361-000
    APU
    200781910361000

    Description

    This single-story, 9,300 square foot commercial building, constructed in 2007, offers immediate occupancy in a high-traffic location. Situated on a 2.85-acre lot at the intersection of SR 163 and SR 53 in Ottawa County, Ohio, this property boasts excellent visibility and accessibility. The building features four suites, with two 1,500 square foot units currently available. The minimum divisible space is 1,500 square feet, providing flexibility for various business needs. Ample parking is provided with 86 spaces. The property is zoned commercial and enjoys a prominent location directly across from a Walmart Supercenter, ensuring high foot traffic and brand recognition. The building is anchored by Diana's Deli, a well-established local business. Building and pylon signage opportunities are available, enhancing visibility for tenants. This is an exceptional opportunity for businesses seeking a well-located, versatile commercial space with immediate availability. The property's strategic location and ample parking make it an ideal choice for a variety of retail and office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $980,000
      COMMERCIAL (GENERAL)
      $840,000
      RESTAURANT
      $760,000
      MEDICAL BUILDING
      $690,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.8613
    Latitude
    41.5241
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,218
    $102,890
    $108,630
    $211,520
    -
    $293,970
    $310,370
    $604,340

    Comparable in this City

    • Value Estimation
      $1,590,000
      13,860 SF

      2026 Hbr Rd

      SHOPPING CENTER, STRIP CENTER • 13,860 SF
      2026 Hbr Rd, Port Clinton, OH 43452-1566
      View Details
    • Value Estimation
      $1,410,000
      11,260 SF

      1871 Catawba Rd

      SHOPPING CENTER, STRIP CENTER • 11,260 SF
      1871 Catawba Rd, Port Clinton, OH 43452-3682
      View Details
    • Value Estimation
      $790,000
      6,188 SF

      2864 Hbr Rd

      SHOPPING CENTER, STRIP CENTER • 6,188 SF
      2864 Hbr Rd, Port Clinton, OH 43452-2611
      View Details
    • Value Estimation
      $735,000
      4,900 SF

      753 Catawba Rd

      SHOPPING CENTER, STRIP CENTER • 4,900 SF
      753 Catawba Rd, Port Clinton, OH 43452
      View Details
    • Value Estimation by Request
      32,441 SF

      147 Maple St

      MINI-MALL • 32,441 SF
      147 Maple St, Port Clinton, OH 43452-1325
      View Details
    • Value Estimation
      $6,625,000
      58,090 SF

      4036 Hbr Rd

      MINI-MALL • 58,090 SF
      4036 Hbr Rd, Port Clinton, OH 43452-2647
      View Details

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      Retail property with minimal competition near Lake Erie attraction.
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      23,000 SF

      Drawbridge Marina & Storage Facility

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      23,000 SF

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      Commercial property featuring marina, storage, and retail opportunities.
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    Similar Nearby for Lease

    • Contact for pricing

      Office or Retail Space Available

      Located in high-traffic plaza anchored by Kroger on SR 163.
      2026 E Harbor Rd, Port Clinton, OH 43452
      View Details
    • Contact for pricing

      Retail/Office Space Available Immediately

      Two 1,500 sq. ft. units available for rent.
      2853 E Harbor Rd, Port Clinton, OH 43452
      View Details
    • Contact for pricing

      Commercial Outlots for Ground Lease

      Four outlots available for ground lease in high-traffic plaza.
      2006 E Harbor Rd, Port Clinton, OH 43452
      View Details
    View Listing
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    2853 E Harbor Rd
    Port Clinton, OH 43452
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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