Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    In-Line Retail Suite with Parking Title is generated by Realmo AI

    1020-1032 South Broadway, Geneva, OH 44041

    View on Map
    Claim this Listing
    New
    Picture of Shopping centers at 1020-1032 South Broadway, Geneva, OH
    For Lease
    $2,175/Mo $18 SF/Yr (calc)

    COMMERCIAL - Geneva, OH

    Type:Retail
    Property size:
    1,450 SF
    Lot size:
    1.83 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 1020-1032 South Broadway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking
    81
    Standard status
    Active
    APN
    20032000180
    Lot size
    1.83 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Number of units
    7

    We can help!

    Listing Contact
    Janice A Pikovnik
    Janice A Pikovnik

    Listing agent Janice A Pikovnik License #2005005494

    Listing office HomeSmart Real Estate Momentum LLC 8518 Mentor Avenue, Suite C, Mentor, OH

    Listing date Jun 3, 2026

    MLS# 5199239

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,450 SF retail space in a neighborhood shopping plaza in Geneva (Route 534)
    • Strong co‑tenants include Verizon, Subway, Edward Jones, a medical office, and a salon
    • Located across from the Post Office on S. Broadway with ample parking
    • Well‑maintained space with central air, natural gas heat, private restrooms, and drop ceilings
    • Asking rate: $18/SF NNN; CAM $4/SF (NNN CAM stated in listing)
    • Flexible lease terms; partially built‑out standard retail space with emergency lighting

    Overview

    Available for lease is 1,450 square feet of retail space in a well-maintained neighborhood shopping plaza in Geneva, Ohio (South Broadway/Route 534). The unit is partially built out as standard retail space and sits in-line with other tenants. Interior features include central air conditioning, private restrooms, and drop ceilings with emergency lighting.

    The center offers excellent visibility along S. Broadway and ample parking for customers. The property is conveniently located near Spire Institute and is across from the Post Office, within a busy business corridor. Current co-tenants include Verizon, Subway, Edward Jones, medical office users, and a salon.

    This space is well suited for service-oriented and retail uses such as a nail or hair salon, insurance office, medical office, retail boutique, or coffee/bakery shop. The asking structure is $18/SF NNN, with CAM noted at $4/SF. Lease terms are described as flexible. The lease rate does not include utilities, property expenses, or building services, so prospective tenants should plan for those additional operating costs as part of their overall occupancy budget.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Giant Eagle, 755 S Broadway, Geneva, OH 44041

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.947484
    Latitude
    41.79199

    Nearby Similar for Lease

    • $5 SF/Yr

      Historic Downtown Office Space Available

      Office space with grand architecture, high ceilings, and elevator access.
      17 W Main Street, Geneva, OH 44041
      View Details
    • $1,300/Mo

      Office Space with Ample Parking

      Professional office space with convenient off-freeway access and ample parking for everyday client and staff needs.
      5400 Old Orchard Drive, Geneva, OH 44041
      View Details
    • Contact for pricing
      19,200 SF

      Retail Development Near SPIRE Institute

      Proposed retail development near I-90 and SPIRE Institute.
      South Broadway, Geneva, OH, 44041
      View Details

    FAQs

    What type of property is this?
    Shopping center - Well-maintained in-line retail space in a neighborhood shopping plaza with strong co-tenants and ample customer parking.
    Where is this shopping center located?
    The property is located at 1020-1032 South Broadway Geneva, OH.
    What is the lease rate?
    The lease rate is $2,175 /Mo.
    What are key features of this property?
    This property features: 1,450 SF retail space in a neighborhood shopping plaza in Geneva (Route 534); Strong co‑tenants include Verizon, Subway, Edward Jones, a medical office, and a salon; Located across from the Post Office on S. Broadway with ample parking
    (216) 559-7586
    We can help!
    Listing Contact
    Janice A Pikovnik
    Janice A Pikovnik
    Real Estate License ID: 2005005494
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1020-1032 South Broadway, Geneva, OH 44041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!