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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Medical Office Space
4726 Main Ave Ashtabula, OH 44004-6929
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1926366
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1920
Construction
WOOD
Total area
57,952 SF
Lot
0.31 ac (13,547 SF)
APN
05-207-00-006-00
UPID
US66-1926366
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
-
Signature Health Medical Clinic
-
Michell Mcdiffett Physician
-
Danielle Mutter Physician
-
Signature Health Dr. Madhuri Medarametla Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
$7.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Signature Health Ashtabula Nmtc INC · 2 yrs held
Signature Health Ashtabula Nmtc INC
since 2024
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+57.8%
Office building
$4.7M
+40.4%
Commercial (general)
$4.3M
+29.2%
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
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
$7,825,000
6.5%
$7,220,000
7%
$6,705,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,345,000
Current use
AUTO REPAIR, GARAGE
$5,275,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$4,695,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,320,000
Change: +29% · Conversion: Easy
RESTAURANT
$4,050,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,570,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,445,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Jan 9 2024)
Last sale anchor
$5.20M
Jan 9 2024
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
$90 / 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
$69,156
Tax year 2023
Assessed value
$809,690
Assessed 2023
Previous assessed
$809,690
+0.0% YoY
Effective rate
8.54%
On assessed value
Assessed land
$12,810
Assessed improvement
$796,880
Land market value
$36,600
Improvement market value
$2,276,800
Total market value
$2,313,400
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
6
Total area
57,952 SF
Lot
0.31 ac (13,547 SF)
APN
05-207-00-006-00
UPID
US66-1926366
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
MEDICAL BUILDING Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RESTAURANT
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
6
Lot
0.31 ac
Current owner
From public records · entity-resolved
Signature Health Ashtabula Nmtc INC
Entity
Mailing address
7232 JUSTIN WAY, MENTOR, OH 44060-4881
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$5,200,000
Signature Health Ashtabula Nmtc INC
4726 Main Avenue LLC
Limited Warranty Deed
$9,600,000 · Western Reserve Df Affiliate Xxi LLC
Nov 20, 2020
—
4726 Main Avenue LLC
—
Deed
related
$3,180,000 · Community First Cu
Apr 10, 2014
—
4726 Main Avenue LLC
—
Loan Modification
related
$3,885,800 · Lorain Nat'l Bk
May 23, 2013
—
4726 Main Avenue LLC
4726 Main Avenue LLC
Quit Claim Deed
related
$3,000,000 · Lorain National Bank
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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