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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Motels
5410 Milan Rd Sandusky, OH 44870-5846
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1054571
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1975
Total area
3,105 SF
Lot
1.89 ac (82,381 SF)
APN
32-04395-000
UPID
US66-1054571
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
-
Fairfield by Marriott Inn & Suites Sandusky Hotel & Motel
-
Fairfield Inn & Suites Sandusky Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$645k
Owner & transaction history
State Of Ohio Dept & Transportation · 11 yrs held
State Of Ohio Dept & Transportation
since 2015
4 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 Sandusky submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandusky 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
Method
Estimation
Statistic approach
by Request
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$208 / SF
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
$133,429
Tax year 2023
Assessed value
$1,783,306
Assessed 2023
Previous assessed
$1,762,747
+1.2% YoY
Effective rate
7.48%
On assessed value
Assessed land
$281,316
Assessed improvement
$1,501,990
Land market value
$803,760
Improvement market value
$4,291,400
Total market value
$5,095,160
Applied tax rate
32.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
3,105 SF
Lot
1.89 ac (82,381 SF)
APN
32-04395-000
UPID
US66-1054571
Jurisdiction
ERIE
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
1975
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
State Of Ohio Dept & Transportation
Entity
Free & Clear · 11 yrs held
Mailing address
7704 MILAN RD, SANDUSKY, OH 44870-8356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Lodging LLC
—
Deed
related
$1,000,000 · Lodging Industry INC
Mar 4, 2021
—
Lodging LLC
—
Deed
related
$5,300,000 · Lodging LLC
Feb 11, 2015
$37,070
State Of Ohio Dept & Transportation
Midwest Building & Dev Co
Warranty Deed
—
Jan 21, 2011
$550,000
Erie Shore Property Holdings
Midwest Building & Dev
Grant Deed
related
$440,000 · First Fed'l Cmnty Bk Ssb
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.
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