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Property profile & analytics
FOR SALE
Motels
4245 W Lakeshore Dr Port Clinton, OH 43452
Individually Owned
10-yr Hold
Free & Clear
Property ID
US66-1784425
For Sale
1 / 13
$1,500,000
4245 W Lakeshore Dr, Port Clinton, OH 43452
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Total area
3,791 SF
Lot
14.65 ac (638,154 SF)
APN
016-06854-08946-000
UPID
US66-1784425
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
-
Dan's Auto Sales Car Dealership
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
Daniel Dixon · 10 yrs held
Daniel Dixon
since 2015
6 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 Port Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Clinton 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
$7,243
Tax year 2023
Assessed value
$164,917
Assessed 2023
Previous assessed
$164,917
+0.0% YoY
Effective rate
4.39%
On assessed value
Assessed land
$38,035
Assessed improvement
$126,882
Land market value
$108,670
Improvement market value
$362,520
Total market value
$471,190
Applied tax rate
16.0000
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
For Sale
Year built
1974
Heating
GAS
Cooling
YES
Buildings
3
Stories
1
Rooms
7
Bathrooms
2
Total area
3,791 SF
Lot
14.65 ac (638,154 SF)
APN
016-06854-08946-000
UPID
US66-1784425
Jurisdiction
OTTAWA
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
1974
Heating
GAS
Cooling
Yes
Stories
1
Buildings
3
Rooms
7
Bathrooms
2
Lot
14.65 ac
Current owner
From public records · entity-resolved
Daniel Dixon
Individual
Free & Clear · 10 yrs held
Mailing address
4245 W LAKESHORE DR, PORT CLINTON, OH 43452-9576
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
—
Daniel L Dixon
—
Deed
related
$150,000 · Commodore Perry FCU
Feb 1, 2024
—
Daniel Dixon
—
Deed
related
$100,000 · Commodore Perry FCU
Dec 8, 2022
—
Daniel L Dixon
—
Deed
related
$50,000 · Commodore Perry FCU
Oct 29, 2015
$55,000
Daniel Dixon
Vargo,william
Warranty Deed
—
Jul 28, 2015
$5,000
William Vargo
Sheriff Of Ottawa County|turner,gilbert J
Trustees Deed
related
—
Aug 5, 2011
—
Turner,gilbert J Te
Reinheimer James L
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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