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Property profile & analytics
FOR SALE
Turn key restaurants
5205 Lake Rd W Ashtabula, OH 44004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0889550
For Sale
1 / 23
$995,000
5205 Lake Rd W, Ashtabula, OH 44004
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
WOOD
Total area
7,331 SF
Lot
1.84 ac (80,194 SF)
APN
48-013-10-020-00
UPID
US66-0889550
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
Current use
Occupant on record · Public records
-
Lago Enoteca Restaurant
-
The Lazy Pineapple Nightclub Restaurant
-
Purola Brothers Pizza Restaurant
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
Lago Proprieta LLC · 2 yrs held
Lago Proprieta LLC
since 2024
Last sale
$490,000
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 Ashtabula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashtabula 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
$20,730
Tax year 2023
Assessed value
$137,240
Assessed 2023
Previous assessed
$137,240
+0.0% YoY
Effective rate
15.10%
On assessed value
Assessed land
$53,240
Assessed improvement
$84,000
Land market value
$152,100
Improvement market value
$240,000
Total market value
$392,100
Applied tax rate
48.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1947
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
7,331 SF
Lot
1.84 ac (80,194 SF)
APN
48-013-10-020-00
UPID
US66-0889550
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
1947
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Lago Proprieta LLC
Entity
Mailing address
675 S SUSSEX CT, AURORA, OH 44202-7693
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
Apr 16, 2024
—
Lago Proprieta LLC
—
Deed
related
$250,000 · Valley Economic Development Partners INC
Mar 15, 2024
$490,000
Lago Proprieta LLC
Cap Real Estate LLC
Deed
$650,000 · The Huntington National Bank
Sep 8, 2022
—
Christopher A Purola
Tcb13 LLC
Quit Claim Deed
related
—
Sep 11, 2020
$285,000
Tcb13 LLC
Ashtabula & Mahoning Invs Grp
Warranty Deed
$256,500 · Appalachian Growth Capital LLC
Jul 10, 2019
$203,500
Ashtabula & Mahoning Invs Grp
Lake Road Realty INC
Warranty Deed
—
Jul 21, 2010
$200,000
Lake Road Realty INC
Cit Small Busn Lending Corp
Warranty Deed
—
Dec 2, 2009
$500,000
Cit Small Busn Lending Corp
Sheriff Of Ashtabula County
Trustees Deed
related
—
Jan 8, 2001
$850,000
Phinney Land Co
Coats,tracy & Andrea T
Warranty Deed
related
$1,237,500 · Cit Small Busn Lndg
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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