4960 Golfview Dr Geneva, OH 44041
This exceptional 11-key motel, known as King Arthur's Court, presents a lucrative investment opportunity in Geneva, Ohio's premier summer resort area. The 9,144 square foot property, built in 1960 and situated on 0.8 acres, boasts a two-story structure with commercial motel zoning. Each of the eleven suites includes two bedrooms with queen beds, a full bath, a kitchenette, and a sitting area. One suite has been recently and completely remodeled. The motel enjoys a loyal clientele built over 30 years of operation, thriving without extensive advertising, primarily operating from Memorial Day to mid-September, with potential for year-round operation. A significant asset is the spacious, approximately 2000 square foot, second-floor residence featuring three bedrooms, one and a half baths, formal living and dining rooms, and an eat-in kitchen
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.