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

    3 Adkins Rd Willoughby, OH 44094

    Sponsored
    For Sale
    $75,000

    LAND - Willoughby, OH

    Lot size:
    0.55 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 2 at 11:06 am

    Property Features for 3 Adkins Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    27-B-051-B-00-073-0
    Lot size
    0.55 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Katie McNeill
    Katie McNeill

    Platinum Real Estate Professionals, LLC (440) 942-2100

    Listing agent Katie McNeill (440) 796-5506 License #2015004383

    Listing date Feb 20, 2026

    MLS# 5188062 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

    Willoughby Land Parcel For Sale

    This is an opportunity to build a custom home on a flat lot of over half an acre. The property is located minutes from the lake and historic Downtown Willoughby, providing convenient access to boating, dining, shopping, and major freeways. Public water, public sewer, and utilities are available at the street. Mature trees along the rear of the property provide added privacy. The property is surrounded by newer construction homes and offers lifestyle appeal and long-term value. The lot size is 0.5487 acres and is located in Willoughby, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Accounting Firm Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.40017704
    Latitude
    41.6658182

    Nearby Similar for Sale

    • $1,800,000
      11,000 SF

      Willoughby Retail/Office Investment Opportunity

      Meticulously maintained retail/office asset in Willoughby's business district.
      37111 Euclid Ave, Willoughby, OH 44094
      View Details
    • $350,000
      6.82 Acres

      Sports Bar & Grill Opportunity

      Well-known sports bar and grill inside Lost Nation Sports Park.
      38630 Jet Center Pl, Willoughby, OH 44094
      View Details
    • $2,800,000
      1.56 Acres

      Downtown Willoughby Investment Opportunity

      Modern two-story building in historic downtown Willoughby, suitable for various ventures.
      3941 Erie St, Willoughby, OH 44094
      View Details
    • $360,000
      10,800 SF

      Two-Story Building in Willoughby

      Freestanding building suitable for service, distribution, or light manufacturing.
      3511 Lost Nation Rd, Willoughby, OH 44094
      View Details
    • Contact for pricing
      10,480 SF

      Willoughby Freestanding Office/Warehouse Building

      Clean 10,480 SF office/warehouse/light industrial building for sale.
      38227 Western Pkwy, Willoughby, OH 44094
      View Details
    • $1,000,000
      17,526 SF

      Office, Garage, and Storage Buildings

      Three buildings on 2.74 acres with secure, fenced yard.
      37401 Stevens Blvd, Willoughby, OH 44094
      View Details
    • $3,995,000
      56,181 SF

      Willoughby Industrial Facility with Heavy Power

      56,181 SF industrial building on 7.5 acres for sale.
      4803 E 345Th St, Willoughby, OH 44094
      View Details
    • Contact for pricing
      2,562 SF

      Former Convenience Store in Willoughby

      2,562 SF commercial building on 0.3323 acre for sale.
      36391 Vine St, Willoughby, OH 44095
      View Details
    • Contact for pricing
      46,531 SF

      Medical Office Building Near Hospital

      Medical office building with stable tenancy near University Hospitals.
      36100 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      3,785 SF

      Retail/Office Space in Willoughby, OH

      3,785 SF retail/office building with two units for sale.
      38765-38769 Lake Shore Blvd, Willoughby, OH 44095
      View Details
    • Contact for pricing
      30,341 SF

      Professional Office Campus on Route 20

      Two-building office campus on 4.06 acres near major routes.
      38882-38886 Mentor Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      14,533 SF

      Two-Building Industrial Property For Sale

      Two buildings on 1.38 acres with warehouse and office space.
      4421-4429 Hamann Pkwy, Willoughby, OH 44094
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Over half-acre lot near lake and historic Downtown Willoughby.
    Where is this residential land & home lot located?
    The property is located at 3 Adkins Rd Willoughby, OH.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Over half-acre flat lot allows for custom home design; - Convenient location: minutes from the lake and Downtown Willoughby; - Public water and sewer available at the street
    (440) 796-5506
    Request Owner's contact information
    3 Adkins Rd Willoughby, OH 44094
    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.
    3 Adkins Rd
    Willoughby, OH 44094
    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
    3 Adkins Rd Willoughby, OH 44094
    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
    Katie McNeill
    Katie McNeill
    Real Estate License ID: 2015004383
    (440) 796-5506 (888) 974-7253
    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!