Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    56721 Fry Lndg Rd Shadyside, OH 43947-9781

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    56721 Fry Lndg Rd Shadyside, OH 43947-9781

    View on Map
    • Motels
    • 4,712 SF
    • 1.45 lot acres
    Off-Market
    Property ID
    US66-2478973
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 56721 Fry Lndg Rd

    Year built
    1963
    Lot size
    1.45 lot acres
    Property size
    4,712 SF
    Property type
    Motels
    APN
    15-01254-000
    APU
    1501254000

    Description

    This exceptional Shadyside, OH property presents a unique investment opportunity encompassing multiple income streams and significant development potential. Situated on a 1.85-acre lot along the high-traffic Route 7, this property boasts a thriving restaurant, a well-maintained motel, and a vacant lot with existing septic. The restaurant, known locally as VanDynes, features indoor and outdoor seating and includes all equipment in the sale. The motel comprises seven recently remodeled rental rooms, generating consistent revenue. A completely remodeled three-bedroom, three-bathroom home is attached, offering on-site management capabilities or additional rental income. This home includes a propane fireplace in the living room. Outdoor amenities include a private backyard with a seven-foot privacy fence, an inground pool, and a patio bar area. The vacant lot, previously used for RV sites, presents a prime opportunity for expansion, potentially accommodating new residential or rental units. Fruit-bearing peach and apple trees add to the property's charm. The total building square footage is 4,712 square feet. The property is listed at $665,000. Sellers require pre-approval for showings and will be present during the appointment, available outside for any questions. Financial information will be provided to the buyer's accountant upon request. This is a rare chance to acquire a multi-faceted commercial property with immediate income and substantial future growth prospects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shadyside
    County
    Belmont
    State
    Ohio
    Longitude
    -80.768
    Latitude
    39.9182
    CBSA code
    48540
    CBSA name
    WHEELING, WV-OH METROPOLITAN 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
    $3,837
    $17,070
    $49,914
    $66,984
    -
    $48,770
    $142,610
    $191,380

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Shadyside, OH 43947

      VACANT COMMERCIAL LAND • 0.11 Acres
      Shadyside, OH 43947
      View Details
    • Value Estimation by Request
      0.96 Acres

      Shadyside, OH 43947

      COMMERCIAL (GENERAL) • 0.96 Acres
      Shadyside, OH 43947
      View Details
    • Value Estimation by Request
      9.37 Acres

      Shadyside, OH 43947

      INDUSTRIAL - VACANT LAND • 9.37 Acres
      Shadyside, OH 43947
      View Details
    • Value Estimation by Request
      0.12 Acres

      Central Ave

      VACANT COMMERCIAL LAND • 0.12 Acres
      Central Ave, Shadyside, OH 43947
      View Details
    • Value Estimation by Request
      0.33 Acres

      Riverside Dr

      VACANT COMMERCIAL LAND • 0.33 Acres
      Riverside Dr, Shadyside, OH 43947
      View Details
    • Value Estimation by Request
      1.35 Acres

      56998 Wegee Rd

      MOBILE HOME PARK, TRAILER PARK • 1.35 Acres
      56998 Wegee Rd, Shadyside, OH 43947-8724
      View Details

    Similar Nearby for Sale

    • $220,000
      0.10 Acres

      Mixed-Use Building in Shadyside, OH

      Versatile mixed-use commercial building with apartment in Shadyside.
      97 W 41St St, Shadyside, OH 43947
      View Details
    • $450,000
      131.00 Acres

      131 Acres Untouched Wilderness Land

      131 acres of pristine land, hunter's paradise and nature retreat.
      Pipe Creek Rd, Jacobsburg, OH 43947
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    56721 Fry Lndg Rd
    Shadyside, OH 43947-9781
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!