Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Brooke Ln Ashtabula, OH 44004

    View on Map
    Sponsored
    For Sale
    $49,900

    LAND - Ashtabula, OH

    Lot size:
    2.28 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 29 at 2:06 am

    Property Features for 21 Brooke Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    490442002100
    Lot size
    2.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Claire Jazbec
    Claire Jazbec

    Keller Williams Realty Greater Cleveland Northeast

    Listing agent Claire Jazbec License #2018000956

    Listing date Mar 17, 2026

    MLS# 5192828 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    2.279 Acre Vacant Land Parcel

    This 2.279-acre vacant land parcel is located in the Mareddy Estates development in Saybrook Township, Ashtabula, Ohio. It is one of the largest available lots, offering a blend of nature and privacy. The lot is partially cleared. Underground utilities are available, along with public water and sewer. The property benefits from a 7-year tax abatement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.830361
    Latitude
    41.875097

    Nearby Similar 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
      View Details
    • $148,000
      0.41 Acres

      Updated Office Building in Ashtabula

      Updated office building with excellent visibility and accessibility in Ashtabula.
      3312 Lake Ave, Ashtabula, OH 44004
      View Details
    • $119,900
      1,926 SF

      Ashtabula Duplex with Separate Utilities

      Up-and-down duplex with separate utilities and updated systems.
      4826 Cornell Ave, Ashtabula, OH 44004
      View Details
    • $119,500
      0.96 Acres

      Ashtabula Commercial Building with Loading

      6,000 SF building with loading docks on 0.96-acre lot.
      3104 State Rd, Ashtabula, OH 44004
      View Details
    • $153,000
      1,727 SF

      Ashtabula Duplex: Investor Opportunity

      Income-producing duplex with upside potential in a convenient location.
      3835 Lake Ave, Ashtabula, OH 44004
      View Details
    • $279,000

      Downtown Retail Space with Basement

      Spacious retail property with finished basement and parking included.
      Undisclosed Address In, Ashtabula, OH 44004
      View Details
    • $425,000

      Industrial Building with Crane Access

      10,452 SF industrial building featuring cranes and office space.
      237 State Rd, Ashtabula, OH 44004
      View Details
    • $89,000
      6,771 SF

      Prime Ashtabula Retail Redevelopment

      0.42-acre corner lot, two buildings
      4306 West Ave, Ashtabula, OH 44004
      View Details
    • $315,000
      0.51 Acres

      Downtown Ashtabula Retail Gem

      Prime Retail Space, Huge Potential
      4611 Park Ave, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      16,820 SF

      Anchored Retail Plaza For Sale

      Retail plaza with national tenants in Ashtabula, Ohio.
      2900-2916 N Ridge Rd E, Ashtabula, OH 44004
      View Details
    • $85,000
      8,736 SF

      Prime Ashtabula Industrial Space

      Huge Warehouse, Great Location, $85k
      516 48Th St, Ashtabula, OH 44004
      View Details
    • New
      Contact for pricing
      1,982 SF

      Ashtabula Credit Union For Sale

      1,982 SF credit union with corporate guarantee.
      4220 Main Ave, Ashtabula, OH 44004
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land in Mareddy Estates development, Ashtabula, OH.
    Where is this residential land & home lot located?
    The property is located at 21 Brooke Ln Ashtabula, OH.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - Large 2.279 acre lot offers ample space and potential.; - Enjoy significant savings with a 7 year tax abatement.; - Public water and sewer availability ensures convenience.
    (440) 669-7343
    Request Owner's contact information
    21 Brooke Ln Ashtabula, OH 44004
    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.
    21 Brooke Ln
    Ashtabula, OH 44004
    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
    21 Brooke Ln Ashtabula, OH 44004
    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

    We can help!
    Listing Contact
    Claire Jazbec
    Claire Jazbec
    Real Estate License ID: 2018000956
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!