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    Property profile & analytics

    941 Interstate Dr Findlay, OH 45840-1926

    • Hotels
    • 13,396 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2894389
    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

    • Baymont Inn & Suites by Wyndham Findlay / Hotel & Motel

    Property Details for 941 Interstate Dr

    Year built
    1997
    Construction
    MIXED
    Lot size
    1.77 lot acres
    Property size
    13,396 SF
    Property type
    Hotels
    APN
    580001011527
    APU
    580001011527

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $893,000
      Market price range: $302k - $984k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $670,000
      Current use
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: +67% Conversion: Difficult
      RETAIL STORES
      $825,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.669
    Latitude
    41.0613
    CBSA code
    22300
    CBSA name
    FINDLAY, OH MICROPOLITAN 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
    $59,323
    $155,050
    $901,670
    $1,056,720
    -
    $443,000
    $2,576,200
    $3,019,200

    Comparable in this City

    • Value Estimation by Request
      18,210 SF

      903 Interstate Dr

      HOTEL • 18,210 SF
      903 Interstate Dr, Findlay, OH 45840-1926
      View Details
    • Value Estimation by Request
      15,248 SF

      631 Main St

      HOTEL • 15,248 SF
      631 Main St, Findlay, OH 45840-3127
      View Details
    • Value Estimation
      $640,000
      16,941 SF

      200 Main Cross St

      HOTEL • 16,941 SF
      200 Main Cross St, Findlay, OH 45840-4819
      View Details
    • Value Estimation by Request
      16,433 SF

      2501 Tiffin Ave

      HOTEL • 16,433 SF
      2501 Tiffin Ave, Findlay, OH 45840-9512
      View Details
    • Value Estimation
      $660,000
      10,150 SF

      921 Interstate Dr

      HOTEL • 10,150 SF
      921 Interstate Dr, Findlay, OH 45840-1926
      View Details
    • Value Estimation by Request
      13,481 SF

      3700 Speedway Dr

      HOTEL • 13,481 SF
      3700 Speedway Dr, Findlay, OH 45840-7245
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Commercial Land on Busy Street

      1.412 acres of commercial land ready to build.
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    • $449,900
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      Findlay Mixed-Use Investment Opportunity

      Retail space & home, prime location.
      1121 Main Cross St, Findlay, OH 45840
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    • $339,900
      0.43 Acres

      Findlay Commercial Building - High Traffic Area

      Prime Findlay location, remodeled building, ample parking.
      1019 Tiffin Ave, Findlay, OH 45840
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      Prime Commercial Land Opportunity

      Two-acre commercial building site with high traffic exposure.
      7507 Township Road 212, Findlay, OH 45840
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      Interstate-Adjacent Land Site Available

      Large land site suitable for retail, restaurant, fuel, or hotel.
      1305 W Main Cross St, Findlay, OH 45840
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    Similar Nearby for Lease

    • $15 SF/Yr
      23,709 SF

      Patriot Plaza: Findlay Office Space

      Findlay Office Suites - 3,000 sq ft Available
      7521 Patriot Dr, Findlay, OH 45840
      View Details
    • Contact for pricing

      Retail Building in Findlay, Ohio

      14,492 SF retail building on 2.11 acres for lease.
      Findlay, OH 45840
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    • Contact for pricing
      14,492 SF

      Retail Space in Findlay, Ohio

      Retail property available for rent in Findlay, Ohio.
      1501 N Main St, Findlay, OH 45840
      View Details
    • $7 SF/Yr
      18,000 SF

      Modern Manufacturing Facility For Lease

      State-of-the-art manufacturing facility with modern office space available for lease.
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      View Details
    • Contact for pricing
      2,901 SF

      Freestanding Building with Drive-Thru

      2,901 SF freestanding building with drive-thru for sublease.
      1225 Tiffin Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      4,689 SF

      Retail Space Available For Lease

      Retail space for lease with highway signage available.
      912 Interstate Dr, Findlay, OH 45840
      View Details
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    941 Interstate Dr
    Findlay, OH 45840-1926
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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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