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Property profile & analytics
FOR LEASE
Retail properties & Spaces
3315 N Ridge Rd Ashtabula, OH 44004
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2080957
For Lease
1 / 10
$24,520 SF/Yr
3315 N Ridge Rd, Ashtabula, OH 44004
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Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1992
Total area
51,267 SF
Lot
61.87 ac (2,695,057 SF)
APN
03-052-00-004-00
UPID
US66-2080957
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
La Casa de Frida Mexican Restaurant Restaurant
-
Jenifer Tabin, CNM, ND Physician
-
Erin Siegel, CNP Pediatrician Medical Clinic
-
Janette Fleissner, CNP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.65M
Owner & transaction history
Sure Fire Group LLC · 2 yrs held
Sure Fire Group LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+77.4%
Office building
$3.1M
+57.8%
Commercial (general)
$2.9M
+45.9%
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
$2,360,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,980,000
Current use
RESTAURANT
$3,510,000
Change: +77% · Conversion: Easy
OFFICE BUILDING
$3,125,000
Change: +58% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,885,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,670,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,640,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.50M (Aug 23 2023)
Last sale anchor
$2.50M
Aug 23 2023
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
$52 / 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
$203,019
Tax year 2023
Assessed value
$1,216,570
Assessed 2023
Previous assessed
$1,216,570
+0.0% YoY
Effective rate
16.69%
On assessed value
Assessed land
$566,370
Assessed improvement
$650,200
Land market value
$1,618,200
Improvement market value
$1,857,700
Total market value
$3,475,900
Applied tax rate
3.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1992
Heating
YES
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
51,267 SF
Lot
61.87 ac (2,695,057 SF)
APN
03-052-00-004-00
UPID
US66-2080957
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
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.6M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
61.87 ac
Current owner
From public records · entity-resolved
Sure Fire Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2334 LK AVE, ASHTABULA, OH 44004-3440
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
$2,500,000
Sure Fire Group LLC
Ashtabula Mall Realty Holding LLC
Limited Warranty Deed
—
May 20, 2020
$10,250,000
Ashtabula Mall Realty Holding
Sure Fire Group LLC
Correction Deed
related
—
Feb 11, 2020
$10,250,000
Ashtabula Mall Realty Holding
Sure Fire Group LLC
Grant Deed
$6,200,000 · Other Institutional Lenders
Jan 25, 2018
—
Sure Fire Group LLC
—
Grant Deed
related
$5,815,000 · Andover Bk
Oct 16, 2014
$6,147,500
Sure Fire Group LLC
Msci 2007-iq16 Retail 3315 LLC
Grant Deed
$1,111,875 · Richard R Ryel
Apr 2, 2013
—
Msci 2007-iq16 Retail 3315 LLC
Us Bank NA 2007-iq16
Grant Deed
related
—
Oct 22, 2012
$27,040,800
Stanley Cap I 2007-iq16 Morgan
Mckinley INC
Grant Deed
related
—
Oct 2, 2007
$4,030
Cabot Ashtabula 23 LLC
Cabot Ashtabula 30 LLC
Grant Deed
—
Aug 31, 2007
$44,387,755
Cabot Ashtabula 1 LLC
Ashtabula Mall Co
Limited Warranty Deed
$40,300,000 · Royal Bank Of Canada
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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