Property profile

5125 Lk E Rd Geneva, OH 44041

OFF-MARKET
Grocery and convenience stores
Property ID
US66-2298822
1,229 SF 0.18 ac lot Built 1956
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The Lakeside Marketplace is an established convenience store and deli retail property located on the main tourist corridor of Geneva-on-the-Lake, Ohio (Geneva, OH 44041), on a 0.175-acre lot near Lake Erie’s shoreline and within an entertainment district setting. The building is configured as a convenience store with prepared food operations, including a full deli and prepared food area with dine-in seating, a walk-in beer cave, and a wall of coolers. Covered patio dining areas are included on the exterior. The property’s retail operations are associated with liquor licensing classifications D2 and D2X and includes lottery sales and cigarette license use. The interior and exterior have been fully remodeled and updated, and the site includes covered outdoor dining space.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1956
Construction WOOD
Total area 1,229 SF
Lot 0.18 ac (7,623 SF)
APN 21-030-00-048-00
UPID US66-2298822

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store

Location

5125 Lk E Rd Geneva, OH 44041-9418
Geneva metro Census 801 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2021
Last sale
$95,000
3 recorded transactions
2021
$95,000
2019
$535,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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