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    Property profile & analytics

    5225 Old Lk Rd Geneva, OH 44041-9793

    • Hotels
    • 5,343 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Nov 06, 2023
    $275,000
    Location Intelligence
    Property ID
    US66-0549076
    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

    • Hotels

    Property Details for 5225 Old Lk Rd

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    5,343 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    21-030-00-001-00
    APU
    210300000100

    Description

    Prime Geneva-on-the-Lake location, this 17-key motel boasts stunning Lake Erie views from most rooms. Completely renovated in 2022, this two-story, 6,500-8,200 square foot brick structure offers a turnkey operation. The property includes a private beach area and a separate three-bedroom, two-bathroom Airbnb unit with open-concept living and a modern kitchen. A lower-level owner/janitorial suite provides convenient access from the lobby. Situated on a 0.28-acre lot, this established business benefits from its location in a seasonal resort area. The property's Commercial zoning allows for flexibility. Built in 1960, this meticulously maintained motel presents a rare investment opportunity. An additional 17-key motel with a private pool is available for purchase, expanding the potential to 34 keys, along with an owner's suite and additional beach access. The property's APN is 210300000100. Asking price is $1,999,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $230,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $265,000
      Mixed-Use
      $230,000
      Hospitality
      $195,000
      Educational
      $235,000
      Residential Income
      $235,000
      Energy
      $260,000
      Income-Based Land
      $260,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9436
    Latitude
    41.8618
    CBSA code
    11780
    CBSA name
    ASHTABULA, OH MICROPOLITAN 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
    $5,545
    $19,040
    $67,520
    $86,560
    -
    $54,400
    $192,900
    $247,300

    Comparable in this City

    • Value Estimation
      $240,000
      3,600 SF

      5169 Lk Rd

      HOTEL/MOTEL • 3,600 SF
      5169 Lk Rd, Geneva, OH 44041
      View Details
    • Value Estimation
      $315,000
      7,834 SF

      4944 Golf Ave

      HOTEL/MOTEL • 7,834 SF
      4944 Golf Ave, Geneva, OH 44041-9717
      View Details
    • Value Estimation
      $260,000
      3,439 SF

      5303 Lk E Rd

      HOTEL/MOTEL • 3,439 SF
      5303 Lk E Rd, Geneva, OH 44041-9421
      View Details
    • Value Estimation
      $180,000
      864 SF

      4969 Yale Dr

      HOTEL/MOTEL • 864 SF
      4969 Yale Dr, Geneva, OH 44041-9400
      View Details
    • Value Estimation by Request
      44,930 SF

      4888 Broadway

      HOTEL/MOTEL • 44,930 SF
      4888 Broadway, Geneva, OH 44041-7755
      View Details
    • Value Estimation by Request
      9,144 SF

      4960 Golfview Dr

      HOTEL/MOTEL • 9,144 SF
      4960 Golfview Dr, Geneva, OH 44041
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      10,535 SF

      Retail Space in Geneva, Ohio

      Retail property available for lease in Geneva, Ohio.
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    • Contact for pricing
      6,000 SF

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      Historic office space with grand architecture and high ceilings.
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    • $5 SF/Yr
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    Geneva, OH 44041-9793
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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