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Property profile & analytics
OFF-MARKET
Estimated value
$8,455,000
Outlet malls
3551 Rdg E Rd Ashtabula, OH 44004-4313
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-2814961
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
219,369 SF
Lot
21.87 ac (952,831 SF)
APN
03-009-00-004-03
UPID
US66-2814961
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
-
Subway Take-out & Catering
-
Walmart Garden Center Garden Center
-
ecoATM Electronics Vending Machine Atm
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
-
Grace Patricia D OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.72M
Blend (final)
Blend
$8.46M
Owner & transaction history
WAL-MART REAL EST
WAL-MART REAL EST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.4M
+57.8%
Commercial (general)
$12.4M
+45.9%
Auto repair, garage
$11.4M
+35.0%
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
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
RETAIL STORES
$8,465,000
Current use
OFFICE BUILDING
$13,360,000
Change: +58% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,355,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,430,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,490,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,020,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.46M
Range $7.61M – $9.30M · ±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
$39 / 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
$213,548
Tax year 2023
Assessed value
$2,752,510
Assessed 2023
Previous assessed
$2,752,510
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$434,740
Assessed improvement
$2,317,770
Land market value
$1,242,100
Improvement market value
$6,622,200
Total market value
$7,864,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
219,369 SF
Lot
21.87 ac (952,831 SF)
APN
03-009-00-004-03
UPID
US66-2814961
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
$8.5M
OFFICE BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$11.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$7.0M
RETAIL STORES Current
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
21.87 ac
Current owner
From public records · entity-resolved
WAL-MART REAL EST
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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