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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
2940 Hbr Rd Port Clinton, OH 43452-2613
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-6114581
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
6,302 SF
Lot
1.13 ac (49,266 SF)
APN
020-07820-10363-001
UPID
US66-6114581
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
-
Sonya Niese, Realtor Real Estate Agency
-
Malory Sykes - Realtor Real Estate Agency
-
Trent Williams - Realtor Real Estate Agency
-
Keller Williams ezSales team Real Estate Agency
-
The EZ Sales Team - Vacationland Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$690k
Owner & transaction history
H T Properties INC · 1 yrs held
H T Properties INC
since 2025
Last sale
$624,900
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$705,000
+108.1%
Retail stores
$550,000
+62.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$705,000
Change: +108% · Conversion: Moderate
RETAIL STORES
$550,000
Change: +63% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $625k (Feb 16 2025)
Last sale anchor
$625k
Feb 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
$109 / 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
$10,616
Tax year 2023
Assessed value
$243,590
Assessed 2023
Previous assessed
$243,590
+0.0% YoY
Effective rate
4.36%
On assessed value
Assessed land
$90,535
Assessed improvement
$153,055
Land market value
$258,670
Improvement market value
$437,300
Total market value
$695,970
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,302 SF
Lot
1.13 ac (49,266 SF)
APN
020-07820-10363-001
UPID
US66-6114581
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
RESTAURANT
Est. value
$705,000
RETAIL STORES
Est. value
$550,000
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
1955
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
H T Properties INC
Entity
Free & Clear · 1 yrs held
Mailing address
3994 E HBR RD UNIT A, PORT CLINTON, OH 43452-2671
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$624,900
H T Properties INC
Knoll Crest Investors Ltd
Warranty Deed
—
Mar 17, 2023
—
Knoll Crest Investors Ltd
—
Deed
related
$350,000 · Genoa Banking Co
Dec 27, 2018
$225,000
Knoll Crest Investors Ltd
Al Peake & Sons INC
Warranty Deed
—
Mar 2, 2018
—
Al Peake & Sons INC
—
Trustees Deed
related
$250,000 · John Blanke
Feb 28, 2017
$10,929
Al Peake & Sons INC
Jg Brennan & Sons Ents INC
Warranty Deed
—
Sep 14, 2007
$590,000
Al Peake & Sons INC
Jg Brennan & Sons
Grant Deed
$472,000 · National Bk/oak Harbor
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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