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Property profile & analytics

508 Perkins Ave Sandusky, OH 44870

  • Grocery and convenience stores
  • 2.35 lot acres
OFF-MARKET
Value Estimation
$540,000
Last Sale
Jul 22, 2025
$550,000
Location Intelligence
Property ID
US66-5222095
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.

Current Use by Public Records

  • ThorWorks West Perkins / Warehouse
  • ThorWorks Industries Inc / Warehouse

Property Details for 508 Perkins Ave

Lot size
2.35 lot acres
Property type
Grocery and convenience stores
APN
32-00902-001
APU
3200902001

Description

This exceptional Sandusky, Ohio investment opportunity encompasses two prime commercial land parcels totaling 2.35 acres at 508 W. Perkins Ave, zoned I-1 Light Industrial, permitting C-1 and C-2 uses. Each site boasts high visibility and high traffic exposure on Perkins Avenue, featuring curb cuts for convenient access. Site A measures approximately 1.24 acres, while Site B is roughly 1.11 acres. Purchasers can acquire either site individually for $375,000 or both for $595,000, representing a land value of $253,191.49 per acre. The property's location within a thriving community, boasting a population of 39,819 within a 5-mile radius and an average household income of $63,321, presents significant potential for business growth. This build-to-suit opportunity allows for customized development, catering to a variety of commercial and industrial needs. The property's APN is 32-00902.001. This is a rare chance to secure a prime commercial property in a desirable location. The property is located in Erie County, Ohio, zip code 44870.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $635,000
  • CAP approach

    CAP return
    Estimation
    6%
    $490,000
    6.5%
    $485,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $435,000
    Geo Method
    $550,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $460,000
    Retail
    $405,000
    Mixed-Use
    $395,000
    Hospitality
    $470,000
    Educational
    $510,000
    Residential Income
    $410,000
    Energy
    $510,000
    Income-Based Land
    $450,000
    Food Service
    $490,000

Location Insight

  • Map
  • Local Demand
City
Sandusky
County
Erie
State
Ohio
Longitude
-82.7075
Latitude
41.4326
CBSA code
41780
CBSA name
SANDUSKY, OH METROPOLITAN 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
$11,915
$131,757
$27,492
$159,249
-
$376,450
$78,550
$455,000
More about this property
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