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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Motels
33040 Just Imagine Dr Avon, OH 44011-1319
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-4347682
Property profile
Verified
Property type
Motels
Use group
MOTEL
Total area
6,167 SF
Lot
4.2 ac (182,952 SF)
APN
04-00-028-101-108
UPID
US66-4347682
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
-
Emerald Event Center Hotel & Motel Resort
-
33040 Just Imagine Drive Parking Parking Lot & Garage
-
Residence Inn Mariott Avo Restaurant
-
ADC Summer Dance Intensive Training Center
-
Residence Inn Cleveland Avon at The Emerald Event Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$535k
Owner & transaction history
Ap Res Hospitality LLC · 3 yrs held
Ap Res Hospitality LLC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+142.6%
Warehouse, storage
$780,000
+127.5%
Apartment house (5+ units)
$775,000
+125.9%
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 Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$345,000
Current use
OFFICE BUILDING
$835,000
Change: +143% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: +127% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: +126% · Conversion: Difficult
RESTAURANT
$675,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$87 / 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
$321,463
Tax year 2023
Assessed value
$4,777,500
Assessed 2023
Previous assessed
$4,777,500
+0.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$735,000
Assessed improvement
$4,042,500
Land market value
$2,100,000
Improvement market value
$11,550,000
Total market value
$13,650,000
Applied tax rate
10.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
6,167 SF
Lot
4.2 ac (182,952 SF)
APN
04-00-028-101-108
UPID
US66-4347682
Jurisdiction
LORAIN
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
HOTEL/MOTEL Current
Est. value
$345,000
OFFICE BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
RESTAURANT
Est. value
$675,000
MEDICAL BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$545,000
HOTEL/MOTEL Current
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Ap Res Hospitality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
33040 JUST IMAGINE DR, AVON, OH 44011-1319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Ap Res Hospitality LLC
—
Deed
related
—
Oct 31, 2022
—
Ap Res Hospitality LLC
—
Deed
related
$12,100,000 · Avana Capital LLC
Oct 6, 2022
—
Ap Res Hospitality LLC
—
Deed
related
$12,100,000 · Avana Capital LLC
Apr 17, 2019
—
Ap Res Hospitality LLC
—
Loan Modification
related
$12,992,650 · First Cmnwlt 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.
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