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Property profile & analytics
OFF-MARKET
Hotels
5144 Lk Rd Geneva, OH 44041-9795
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1617642
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
WOOD
Total area
2,116 SF
Lot
0.11 ac (4,792 SF)
APN
21-041-00-136-00
UPID
US66-1617642
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lrp & Son Properties LLC · 2 yrs held
Lrp & Son Properties LLC
since 2024
Last sale
$206,250
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Geneva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Geneva 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,797
Tax year 2023
Assessed value
$29,330
Assessed 2023
Previous assessed
$29,330
+0.0% YoY
Effective rate
6.13%
On assessed value
Assessed land
$2,520
Assessed improvement
$26,810
Land market value
$7,200
Improvement market value
$76,600
Total market value
$83,800
Applied tax rate
21.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
SPACE
Cooling
WINDOW A/C
Stories
2
Total area
2,116 SF
Lot
0.11 ac (4,792 SF)
APN
21-041-00-136-00
UPID
US66-1617642
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
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lrp & Son Properties LLC
Entity
Mailing address
5144 N LK RD, GENEVA, OH 44041-9795
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$206,250
Lrp & Son Properties LLC
Kacie S Landsberger
Warranty Deed
$213,250 · Kacie Landsberger
Feb 23, 2024
$206,250
Lpr & Son Prop S LLC
Kacie S Landsberger
Deed
—
Feb 23, 2024
$68,750
Proya Pro Pe LLC
Katie S Landsherg
Warranty Deed
$66,750 · Kacie Landsberger
Aug 14, 2023
—
Kacie S Landsberger
Lou Ann Huston
Fiduciary Deed
—
Nov 4, 2020
$575,000
Addah Enterprizes LLC
Wesley A Mahan
Re-recorded Document
related
—
Aug 14, 2020
$155,000
Landsberger Ents LLC
Addah Ents LLC
Warranty Deed
—
Jan 17, 2020
$575,000
Addah Ents LLC
Wesley A Mahan
Warranty Deed
—
Nov 21, 2007
$215,000
Wesley A Mahan
Hustak Steven
Warranty Deed
$240,000 · Apex Commercial Capital Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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