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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Warehouses
3209 Rdg W Rd Ashtabula, OH 44004-6345
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1601049
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD
Total area
60,600 SF
Lot
11.91 ac (518,625 SF)
APN
48-011-00-027-00
UPID
US66-1601049
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
-
West Side Mini Storage Storage Facility
-
LocalStorage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.84M
Owner & transaction history
Washington Street Ashtabula LLC · 5 yrs held
Washington Street Ashtabula LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+113.8%
Office building
$3.7M
+90.3%
Commercial (general)
$3.4M
+75.9%
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 Ashtabula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashtabula 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
$2,630,000
ML approach
$2,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,940,000
Current use
RESTAURANT
$4,150,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$3,690,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,410,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,160,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,620,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $2.85M (May 21 2021)
Last sale anchor
$2.85M
May 21 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
$47 / 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
$73,155
Tax year 2023
Assessed value
$574,740
Assessed 2023
Previous assessed
$434,570
+32.3% YoY
Effective rate
12.73%
On assessed value
Assessed land
$42,810
Assessed improvement
$531,930
Land market value
$122,300
Improvement market value
$1,519,800
Total market value
$1,642,100
Applied tax rate
48.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
60,600 SF
Lot
11.91 ac (518,625 SF)
APN
48-011-00-027-00
UPID
US66-1601049
Jurisdiction
ASHTABULA
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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
11.91 ac
Current owner
From public records · entity-resolved
Washington Street Ashtabula LLC
Entity
Mailing address
1023 WASHINGTON ST APT #1, HOBOKEN, NJ 07030-5231
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$2,850,000
Washington Street Ashtabula LLC
West Side Mini Storage INC
Warranty Deed
$7,250,000 · Lmf Commercial LLC
Jun 12, 2019
—
West Side Mini Storage INC
—
Deed
related
$287,400 · First Cmnwlt Bk
Jan 3, 2019
—
West Side Mini Storage INC
—
Deed
related
$287,400 · First Cmnwlt Bk
Mar 15, 2018
—
West Side Mini Storage INC
—
Trustees Deed
related
$287,400 · First Cmnwlt Bk
Dec 31, 2015
—
West Side Mini Storage INC
Wall Cox INC
Quit Claim Deed
related
$436,169 · Firstmerit Bank NA
—
—
West Side Mini Storage INC
—
Loan Modification
related
$287,400 · First Cmnwlt Bk
—
—
West Side Mini Storage INC
—
Loan Modification
related
$690,390 · J P Morgan Chase Bank
—
—
West Side Mini Storage INC
—
Loan Modification
related
$287,400 · First Cmnwlt Bk
—
—
Wall-cox INC
—
Deed Of Trust
related
$690,390 · J P Morgan Chase Bank
—
—
Wall-cox INC
—
Deed Of Trust
related
$151,770 · Bank One NA
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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