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Property profile & analytics
OFF-MARKET
Turn key restaurants
405 Morton Dr Ashtabula, OH 44004-3264
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-0529337
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
WOOD
Total area
6,480 SF
Lot
0.18 ac (7,884 SF)
APN
68-410-00-032-00
UPID
US66-0529337
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
-
Briquettes Smokehouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Askounes Properties Ltd · 10 yrs held
Askounes Properties Ltd
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,738
Tax year 2023
Assessed value
$158,410
Assessed 2023
Previous assessed
$158,410
+0.0% YoY
Effective rate
7.41%
On assessed value
Assessed land
$13,790
Assessed improvement
$144,620
Land market value
$39,400
Improvement market value
$413,200
Total market value
$452,600
Applied tax rate
68.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
6,480 SF
Lot
0.18 ac (7,884 SF)
APN
68-410-00-032-00
UPID
US66-0529337
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
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Askounes Properties Ltd
Entity
Free & Clear · 10 yrs held
Mailing address
405 MORTON DR, ASHTABULA, OH 44004-3264
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2015
$1,525,000
Askounes Properties Ltd
Water Street Warehouse LLC
Limited Warranty Deed
—
Oct 14, 2015
—
Water Street Warehouse LLC
Water Street Warehouse LLC
Quit Claim Deed
related
—
Jul 8, 2013
—
Water Street Warehouse LLC
Water Street Warehouse LLC
Quit Claim Deed
related
—
Apr 2, 2012
—
Water Street Warehouse LLC
—
Trustees Deed
related
$178,500 · Andover Bank
Jan 6, 2009
$75,000
Water Street Warehouse LLC
Humphrey,ryan
Warranty Deed
—
Jan 28, 1999
$85,000
Harbor 22 INC
Jarvi,jane C
Warranty Deed
related
$75,000 · Jane C Jarvi
—
—
Askounes Properties Ltd
—
Deed Of Trust
related
$80,000 · E Capital Partners LLC E Capital Partners LLC
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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