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Property profile & analytics
OFF-MARKET
Estimated value
$3,430,000
Motels
614 Main St, Lakeside Marblehead, OH 43440-2234
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6255538
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Total area
34,323 SF
Lot
3.66 ac (159,386 SF)
APN
015-02219-02405-001
UPID
US66-6255538
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
-
The Lighthouse Resort Hotel & Motel Resort
-
The Wave at Marblehead Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$3.43M
Owner & transaction history
Wh Marblehead LLC · 3 yrs held
Wh Marblehead LLC
since 2023
6 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 Lakeside Marblehead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeside Marblehead 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%
$3,480,000
6.5%
$3,215,000
7%
$2,985,000
Blend value · Realmo final
$3.43M
Range $3.09M – $3.77M · ±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
$100 / 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
$26,166
Tax year 2023
Assessed value
$633,714
Assessed 2023
Previous assessed
$511,091
+24.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$294,347
Assessed improvement
$339,367
Land market value
$840,990
Improvement market value
$969,620
Total market value
$1,810,610
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1999
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
34,323 SF
Lot
3.66 ac (159,386 SF)
APN
015-02219-02405-001
UPID
US66-6255538
Jurisdiction
OTTAWA
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
1999
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Lot
3.66 ac
Current owner
From public records · entity-resolved
Wh Marblehead LLC
Entity
Mailing address
2400 SUPERIOR AVE E STE #205, CLEVELAND, OH 44114-4258
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Wh Marblehead LLC
—
Deed
related
$12,225,000 · Genoa Banking Co
Jun 8, 2023
—
Wh Marblehead LLC
Ethos Capital Partners LLC
Limited Warranty Deed
$8,548,200 · Genoa Banking Co
Feb 11, 2022
$1,300,000
Ethos Capital Partners LLC
First Bellevue Properties INC
Warranty Deed
—
Jun 2, 2021
—
First Bellevue Properties INC
East Shore Investments INC
Warranty Deed
—
Apr 29, 2019
—
East Shore Investments INC
—
Deed
related
$20,750 · First National Bank Of Bellevue
May 24, 2018
—
East Shore Investments INC
—
Deed
related
$970,000 · First National Bank Of Bellevue
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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