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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Hotels
6003 Milan Rd Sandusky, OH 44870
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-6111359
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Total area
41,793 SF
Lot
2.56 ac (111,557 SF)
APN
32-02199-000
UPID
US66-6111359
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
$4.35M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$3.89M
Owner & transaction history
Modica Hospitality LLC · 13 yrs held
Modica Hospitality LLC
since 2013
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,715,000
6.5%
$4,350,000
7%
$4,040,000
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±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
$93 / 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
$75,292
Tax year 2023
Assessed value
$958,387
Assessed 2023
Previous assessed
$958,387
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$201,680
Assessed improvement
$756,707
Land market value
$576,230
Improvement market value
$2,162,020
Total market value
$2,738,250
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Buildings
3
Stories
3
Rooms
7
Bathrooms
1
Total area
41,793 SF
Lot
2.56 ac (111,557 SF)
APN
32-02199-000
UPID
US66-6111359
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
2004
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Rooms
7
Bathrooms
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
Modica Hospitality LLC
Entity
Free & Clear · 13 yrs held
Mailing address
6011 MILAN RD, SANDUSKY, OH 44870-5869
Ownership since
2013
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
Jun 27, 2023
—
Modica Hospitality LLC
—
Deed
related
$7,600,000 · The Croghan Colonial Bank
Jun 13, 2013
—
Modica Hospitality LLC
Carmelo Ruta INC
Warranty Deed
related
—
Jun 12, 2013
—
Carmelo Ruta INC
Ruta,carmelo & Nunzia
Quit Claim Deed
—
Oct 31, 2003
$350,000
Ruta,carmello & Nunzia
Goodnight Inn INC
Grant Deed
—
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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