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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Motels
7 Main St Oberlin, OH 44074
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-2334450
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Total area
7,952 SF
Lot
3.49 ac (152,024 SF)
APN
09-00-086-101-050
UPID
US66-2334450
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
$585k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Oberlin College · 2 yrs held
Oberlin College
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+86.8%
Restaurant
$780,000
+76.1%
Office building
$735,000
+66.1%
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 Oberlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oberlin 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
$585,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$445,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +87% · Conversion: Difficult
RESTAURANT
$780,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$535,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$79 / 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
$361,047
Tax year 2023
Assessed value
$5,673,910
Assessed 2023
Previous assessed
$5,673,910
+0.0% YoY
Effective rate
6.36%
On assessed value
Assessed land
$744,919
Assessed improvement
$4,928,991
Land market value
$2,128,340
Improvement market value
$14,082,830
Total market value
$16,211,170
Applied tax rate
60.0000
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
1955
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
7,952 SF
Lot
3.49 ac (152,024 SF)
APN
09-00-086-101-050
UPID
US66-2334450
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$830,000
RESTAURANT
Est. value
$780,000
OFFICE BUILDING
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$675,000
MEDICAL BUILDING
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$535,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
Oberlin College
Individual
Free & Clear · 2 yrs held
Ownership since
2024
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
Apr 22, 2024
—
Oberlin College
College Properties Of Northern Ohio
Lease
—
May 10, 2023
—
Oberlin College
College Properties Of Northern Ohio
Lease
—
Sep 24, 2014
—
College Properties Of Northern
—
Grant Deed
related
$6,095,000 · Dvci Cde Xvi LLC
Apr 11, 2014
—
College Properties Of Northern
College Properties Of Northern
Quit Claim Deed
related
—
Jan 2, 2014
$3,091,000
College Properties Of Northern
Board Of Trustees Of Oberlin C
Grant Deed
$2,910,000 · Dvci Cde Xviii LLC
—
—
College Properties Of Northern Oh
—
Deed Of Trust
related
$4,987,500 · Western Reserve/affiliate Ix L
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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