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    For Sale (29)

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    Rootstown Land Near I-76
    Contact for pricing
    0.50 Acres

    Rootstown Land Near I-76

    0.50 acre lot in Rootstown Local School District.

    2 Lynn Rd, Rootstown, OH 44272
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    Retail Property in Richmond Heights
    $1,750,000
    1.07 Acres

    Retail Property in Richmond Heights

    Retail property for sale in Richmond Heights, Ohio.

    26000 Chardon Rd, Cleveland, OH 44143
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    Charming Historic Mentor Duplex
    $399,999
    0.44 Acres

    Charming Historic Mentor Duplex

    Well-maintained duplex with potential for triplex conversion in Mentor, OH.

    7224 Burridge Ave, Mentor, OH 44060
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    Downtown Madison Mixed-Use Property
    $245,000
    0.08 Acres

    Downtown Madison Mixed-Use Property

    Mixed-use property in Downtown Madison with commercial and residential units.

    13-15 W Main St, Madison, OH 44057
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    Land Near Golf Course
    $650,000
    0.30 Acres

    Land Near Golf Course

    Over 0.3 acres of land near a golf course.

    Norton Dr, Mentor, OH 44060
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    Ashtabula Commercial Building For Sale
    $320,000
    0.33 Acres

    Ashtabula Commercial Building For Sale

    5,412 SF commercial building suitable for retail or vehicle-related ventures.

    4714 Main Ave, Ashtabula, OH 44004
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    Commercial Land on High-Traffic Street
    $550,000
    0.87 Acres

    Commercial Land on High-Traffic Street

    Commercial land on a high-traffic street with excellent visibility.

    7530 Mentor Ave, Mentor, OH 44060
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    Painesville Twp Buildable Corner Lot
    Contact for pricing
    0.09 Acres

    Painesville Twp Buildable Corner Lot

    Buildable corner lot with utilities available in Painesville Twp, OH.

    Fremont Ave, Painesville, OH 44077
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    Rootstown Land Near I-76
    $34,900
    1.77 Acres

    Rootstown Land Near I-76

    1.77 acre lot suitable for building a home.

    V/L Lynn Rd, Rootstown, OH 44272
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    Painesville Twp Buildable Lot
    Contact for pricing
    0.09 Acres

    Painesville Twp Buildable Lot

    Buildable lot for Colonial or Ranch home with utilities available.

    Bellevue Ave, Painesville, OH 44077
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    Residential Land in Ohio City
    $69,900
    0.06 Acres

    Residential Land in Ohio City

    Build your dream home in Cleveland's vibrant Ohio City.

    W 33Rd St, Cleveland, OH 44113
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    48+ Acres with Lake & Well
    $320,000
    48.65 Acres

    48+ Acres with Lake & Well

    Rare opportunity: 48+ acres with lake, gas well, outbuilding.

    876 Clay Rd, Jefferson, OH 44047
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    Spacious Cleveland Duplex with Updates
    $219,900
    3,913 SF

    Spacious Cleveland Duplex with Updates

    Versatile duplex with six bedrooms, three baths, and stylish updates.

    3808-3810 E 149Th St, Cleveland, OH 44128
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    Established Auto Business Assets For Sale
    $250,000
    6.76 Acres

    Established Auto Business Assets For Sale

    Profitable auto business assets for sale in Painesville, Ohio.

    12010 Girdled Rd, Painesville, OH 44077
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    Turnkey Commercial Property in Willowick
    $200,000
    0.54 Acres

    Turnkey Commercial Property in Willowick

    Thriving commercial property with established clientele in high-traffic area.

    30829 Euclid Ave, Willowick, OH 44095
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    Turnkey Multifamily Package in Cleveland
    $325,500
    5,214 SF

    Turnkey Multifamily Package in Cleveland

    Three updated, tenant-occupied houses on Cleveland's westside, offered as package.

    1979 W 54Th St, Cleveland, OH 44102
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    Ashtabula Land Opportunity
    Contact for pricing
    0.15 Acres

    Ashtabula Land Opportunity

    Spacious corner lot ready for development in Ashtabula, OH.

    505 W 36Th St, Ashtabula, OH 44004
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    Eastlake Land with Lake Views
    $80,000
    0.62 Acres

    Eastlake Land with Lake Views

    0.6215 acre lot with potential for lake view home.

    V/L Lk Shr Blvd, Eastlake, OH 44095
    View details
    Turnkey Restaurant Opportunity in Mentor
    $299,000
    2,000 SF

    Turnkey Restaurant Opportunity in Mentor

    Freestanding building with patio, equipment, and parking included.

    7224 Center St, Mentor, OH 44060
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    Commercial Property & Established Dealership
    Contact for pricing
    1.30 Acres

    Commercial Property & Established Dealership

    1.3-acre commercial parcel on Route 20, operating as dealership.

    745 E Main St, Geneva, OH 44041
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    Remodeled Triplex Near Cleveland Heights
    $149,900
    4,529 SF

    Remodeled Triplex Near Cleveland Heights

    Fully occupied, remodeled triplex with separate utilities and updates.

    1602 Hillcrest Rd, East Cleveland, OH 44118
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    Residential Land in Geneva, OH
    Contact for pricing
    0.37 Acres

    Residential Land in Geneva, OH

    Vacant residential lot in Geneva, spanning 0.344 acres.

    N Crowell Ave, Geneva, OH 44041
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    Land with Pavilion and Shed
    $70,000
    3.79 Acres

    Land with Pavilion and Shed

    Almost four-acre property with pavilion, shed, and electric.

    6330 N Bend Rd, Ashtabula, OH 44004
    View details
    Ohio City Four-Unit Multifamily Property
    $365,000
    2,310 SF

    Ohio City Four-Unit Multifamily Property

    Four-unit property in prime Ohio City location with upside.

    3202 Whitman Ave, Cleveland, OH 44113
    View details
    Prime Commercial Land Near I-90
    Contact for pricing

    Prime Commercial Land Near I-90

    4.874 acres of commercial land near I-90 in Conneaut, OH.

    Oh-7, Conneaut, OH 44003
    View details
    Geneva Commercial Property - Main Street
    $230,000
    1,167 SF

    Geneva Commercial Property - Main Street

    High-traffic, versatile commercial space.

    201 Main St, Geneva, OH 44041
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    Geneva Retail Space: Prime Location
    $220,000
    3,577 SF

    Geneva Retail Space: Prime Location

    Charming bar, high potential, needs TLC.

    47 Main St, Geneva, OH 44041
    View details
    Prime Ashtabula Industrial Space
    $85,000
    8,736 SF

    Prime Ashtabula Industrial Space

    Huge Warehouse, Great Location, $85k

    516 48Th St, Ashtabula, OH 44004
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    Ashtabula Industrial Land Parcels
    $34,000

    Ashtabula Industrial Land Parcels

    Six industrial zoned parcels with concrete slab and road access.

    749 W 39Th St, Ashtabula, OH 44004
    View details

    For Lease (5)

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    Maple Heights Commercial Property Rental
    $1,500 / Mo
    5,118 SF

    Maple Heights Commercial Property Rental

    Flexible commercial space suitable for office, retail, or medical use.

    5237 Warrensville Center Rd, Maple Heights, OH 44137
    View details
    Commercial Land Lease Opportunity
    $3,000 / Mo
    33,977 SF

    Commercial Land Lease Opportunity

    Land lease available in a developing, high-traffic area.

    68 Hyde St, Wakeman, OH 44889
    View details
    Retail Space in Jefferson, OH
    $650 / Mo
    2,178 SF

    Retail Space in Jefferson, OH

    Retail space in the heart of Jefferson, Ohio.

    70 S Chestnut St, Jefferson, OH 44047
    View details
    Ashtabula Retail Space Available
    $24,520
    95,963 SF

    Ashtabula Retail Space Available

    Commercial space for lease in high-traffic Ashtabula location.

    3315 N Ridge Rd, Ashtabula, OH 44004
    View details
    Prime Parma Commercial Building Available
    $2,000 / Mo
    16,988 SF

    Prime Parma Commercial Building Available

    4,226 SF commercial building for lease in Parma, OH.

    5370 Ridge Rd, Parma, OH 44129
    View details

    Leases and Sales on Map

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    Platinum Real Estate Professionals, LLC
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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
    Platinum Real Estate Professionals, LLC
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