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

    6838 County Rd 203 Millersburg, OH 44654-8218

    • Motels
    • 4,714 SF
    • 2.76 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5042630
    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

    • Motels

    Property Details for 6838 County Rd 203

    Lot size
    2.76 lot acres
    Property size
    4,714 SF
    Property type
    Motels
    APN
    06-01063-000
    APU
    601063000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Millersburg
    County
    Holmes
    State
    Ohio
    Longitude
    -81.8699
    Latitude
    40.5723

    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
    $11,956
    $18,220
    $240,070
    $258,290
    -
    $52,050
    $685,900
    $737,950

    Comparable in this City

    • Value Estimation by Request
      1,196 SF

      164 Grant St

      MOTEL • 1,196 SF
      164 Grant St, Millersburg, OH 44654-1164
      View Details
    • Value Estimation
      $595,000
      5,764 SF

      3135 County Rd 135

      MOTEL • 5,764 SF
      3135 County Rd 135, Millersburg, OH 44654-9283
      View Details
    • Value Estimation by Request
      1,096 SF

      6920 County Rd 203

      MOTEL • 1,096 SF
      6920 County Rd 203, Millersburg, OH 44654-9018
      View Details
    • Value Estimation
      $580,000
      642 SF

      5113 Township Rd 359

      MOTEL • 642 SF
      5113 Township Rd 359, Millersburg, OH 44654-9175
      View Details
    • Value Estimation
      $680,000
      400 SF

      7290 County Rd 201

      MOTEL • 400 SF
      7290 County Rd 201, Millersburg, OH 44654-9155
      View Details
    • Value Estimation
      $525,000
      1,160 SF

      5331 County Rd 626

      MOTEL • 1,160 SF
      5331 County Rd 626, Millersburg, OH 44654-8842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Land For Sale Millersburg, OH

      5.088 acres, open and wooded land near Millersburg and Coshocton.
      Township Road 212, Bunker Hill, OH 44654
      View Details
    • $3,600,000
      17,833 SF

      Millersburg Retail Center Investment

      High-yield, stabilized shopping center in Ohio.
      1639 Washington St, Millersburg, OH 44654
      View Details
    • Contact for pricing
      Pending

      Land with Scenic Spring-Fed Pond

      7-acre parcel with pond near Berlin, Charm, and Millersburg.
      Township Road 309, Millersburg, OH 44654
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    • $349,000
      0.38 Acres

      Millersburg Retail/Automotive Opportunity

      3400 SF retail/automotive building with service bays and offices.
      741 S Washington St, Millersburg, OH 44654
      View Details
    • Contact for pricing
      Pending

      Land Near Millersburg and Coshocton

      26.01 acres of open and wooded land for sale.
      Township Road 212, Bunker Hill, OH 44654
      View Details
    • $1,900,000

      Millersburg Mobile Home Park Opportunity

      74-pad mobile home park in Millersburg, built in 1989.
      800 S Washington St, Millersburg, OH 44654
      View Details

    Similar Nearby for Lease

    • $3,900,000
      1,300 SF

      Retail/Office/Warehouse Space For Rent

      One-story building with suite available, anchored by credit tenants.
      1633-1639 S Washington St, Millersburg, OH 44654
      View Details
    • $6,500 /Mo
      136,691 SF

      Versatile Commercial Property with Dry Kilns

      Industrial, manufacturing, or storage property with versatile building space.
      6470 Township Road 310, Millersburg, OH 44654
      View Details
    • $3,500,000
      41,000 SF

      Warehouse with Office and Freezer

      Warehouse featuring office space, freezer, and multiple loading docks.
      1597 S Washington St, Millersburg, OH 44654
      View Details
    • $8,500 /Mo
      134,775 SF

      Versatile Flex Space in Millersburg

      Combined office and warehouse space on approximately three acres.
      5377 County Road 626, Millersburg, OH 44654
      View Details
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    6838 County Rd 203
    Millersburg, OH 44654-8218
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    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
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