Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4829 Rdg E Rd Geneva, OH 44041-1302
    Back to Search
    Property profile & analytics

    4829 Rdg E Rd, Geneva, OH 44041-1302

    View on Map
    • Motels
    • 1,902 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Feb 6, 2020
    Property ID
    US66-2563389
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 4829 Rdg E Rd

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property type
    Motels
    APN
    17-024-00-014-00
    APU
    170240001400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2020 $250 Trupti Kapasi Trupti Kapasi Quit Claim Deed · related —
    May 31, 2011 — Truptikasi Kapasi Kapasi,jiten D Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9271
    Latitude
    41.8118
    CBSA code
    11780
    CBSA name
    ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,302
    $10,190
    $41,510
    $51,700
    -
    $29,100
    $118,600
    $147,700

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Lk Rd

      MOTEL
      Lk Rd, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      840 SF

      5158 Lk E Rd, Unit 6

      MOTEL
      5158 Lk E Rd, Geneva, OH 44041-8401
      View Details
    • Value Estimation by Request
      0.13 Acres

      5144 Lk Rd

      MOTEL
      5144 Lk Rd, Geneva, OH 44041-9795
      View Details
    • Value Estimation by Request
      728 SF

      5158 Lk Rd

      MOTEL
      5158 Lk Rd, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      3,600 SF

      5169 Lk Rd

      HOTEL/MOTEL
      5169 Lk Rd, Geneva, OH 44041
      View Details
    • Value Estimation
      $710,000
      7,834 SF

      4944 Golf Ave

      HOTEL/MOTEL
      4944 Golf Ave, Geneva, OH 44041-9717
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Boutique Motels Investment Opportunity

      Two unencumbered boutique motels with penthouse for sale.
      5225 Old Lake Rd, Geneva, OH 44041
      View Details
    • $1,500,000
      3.21 Acres

      Redevelopment Opportunity Near Interstate 90

      Land with utilities, ideal for fast food, hotels, auto services.
      1851 S Broadway, Austinburg, OH 44041
      View Details
    • $1,595,000
      3.21 Acres

      Geneva Retail Redevelopment Opportunity

      Prime 3.21-acre site with existing businesses.
      1851 Broadway, Geneva, OH 44041
      View Details
    • Contact for pricing
      4,385 SF

      Restored Victorian Group Home Facility

      8-bedroom restored Victorian suitable for assisted living or alternative uses.
      4546 N Ridge Rd E, Geneva, OH 44041
      View Details
    • $89,000
      5.24 Acres

      Geneva Land with Pond

      5.24 acres in Geneva, OH with pond and woods.
      S Ridge Rd, Geneva, OH 44041
      View Details
    • Contact for pricing
      1.30 Acres

      Commercial Property & Established Dealership

      1.3-acre commercial parcel on Route 20, operating as dealership.
      745 E Main St, Geneva, OH 44041
      View Details

    Similar Nearby for Lease

    • New
      $1,300 /Mo
      10,454 SF

      Office Space with Ample Parking

      Professional office space with convenient off-freeway access and ample parking for everyday client and staff needs.
      5400 Old Orchard Dr, Geneva, OH 44041
      View Details
    • Contact for pricing
      19,200 SF

      Retail Development Near SPIRE Institute

      Proposed retail development near I-90 and SPIRE Institute.
      Geneva, OH 44041
      View Details
    • $5 SF/Yr
      7,362 SF

      Historic Downtown Office Space Available

      Office space with grand architecture, high ceilings, and elevator access.
      17 W Main St, Geneva, OH 44041
      View Details
    • New
      $2,175 /Mo
      79,715 SF

      In-Line Retail Suite with Parking

      Well-maintained in-line retail space in a neighborhood shopping plaza with strong co-tenants and ample customer parking.
      1020-1032 South Broadway, Geneva, OH 44041
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4829 Rdg E Rd
    Geneva, OH 44041-1302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4829 Rdg E Rd, Geneva, OH, 44041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!