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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Motels
440 Loraine Ave Put In Bay, OH 43456-6692
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-1344187
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2010
Total area
26,542 SF
Lot
0.32 ac (14,000 SF)
APN
025-01548-01704-000
UPID
US66-1344187
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.47M
Owner & transaction history
Mathys,mark W · 19 yrs held
Mathys,mark W
since 2006
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 Put In Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Put In Bay 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
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$55 / 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
$19,553
Tax year 2023
Assessed value
$512,838
Assessed 2023
Previous assessed
$512,838
+0.0% YoY
Effective rate
3.81%
On assessed value
Assessed land
$134,750
Assessed improvement
$378,088
Land market value
$385,000
Improvement market value
$1,080,250
Total market value
$1,465,250
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Year built
2010
Heating
YES
Cooling
CENTRAL
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
26,542 SF
Lot
0.32 ac (14,000 SF)
APN
025-01548-01704-000
UPID
US66-1344187
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
2010
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
5
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mathys,mark W
Individual
Mailing address
PO BOX 908, PUT IN BAY, OH 43456-0908
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2026
—
Put-in-bay Resort LLC
—
Deed
related
$11,960,000 · Croghan Colonial Bank
Jun 23, 2022
—
Mwmcorp LLC
—
Deed
related
$7,500,000 · Mark W Mathys
Jul 8, 2021
—
Mwmcorp LLC
—
Deed
related
$500,000 · Genoa Banking Co
Nov 6, 2018
—
Mwmcorp LLC
—
Deed
related
$450,000 · Civista Bk
Oct 3, 2016
—
Mwmcorp LLC
—
Deed
related
$4,200,000 · Civista Bank
Aug 4, 2006
$410,000
Mathys,mark W
Sluss,gerald B
Grant Deed
$400,000 · National Bk/oak Harbor
—
—
Mwmcorp LLC
—
Deed Of Trust
related
$450,000 · Civista Bk
—
—
Mwmcorp LLC
—
Deed Of Trust
related
$1,250,000 · Citizens Bkng
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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