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

    575 Pearl St Willard, OH 44890

    View on Map
    New
    For Sale
    Contact for pricing

    Land - Willard, OH

    Added:
    Mar 30, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 2 at 8:06 am

    Property Features for 575 Pearl St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    510260010680000

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rick Lewis

    Listing agent Rick Lewis

    Listing office Haring Realty, Inc. 1180 Lexington Ave, Mansfield, OH

    Listing date Mar 30, 2026

    MLS# 9072814 Listing URL

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

    Overview

    Level Lot Ready for Development

    This level lot is situated in town and benefits from access to public utilities, facilitating development. The flat terrain is advantageous for reducing preparation work and building costs. Its location provides convenient access to essential amenities. This property is suitable for a home build or as a long-term investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Willard
    County
    Huron
    State
    Ohio
    Longitude
    -82.7366632
    Latitude
    41.0563268

    Nearby Similar for Sale

    • $16,500

      Buildable Lot in Holiday Lakes

      Nearly half-acre lot with community amenities in Holiday Lakes.
      0 Big Bass Road, Willard, OH 44890
      View Details
    • $59,900

      Buildable Corner Lot Opportunity

      0.29-acre corner lot in desirable Willard neighborhood.
      0 Linden Lane, Willard, OH 44890
      View Details
    • $179,000

      Prime Commercial Lot on Highway

      2.06-acre commercial lot with highway frontage in Willard, Ohio.
      1424 Conwell Ave, Willard, OH 44890
      View Details
    • $59,900

      Commercial Lot in Willard, OH

      Vacant commercial lot, great location for small business.
      1531 Conwell Ave., Willard, OH 44890
      View Details
    • $595,000

      Farmland Opportunity in Willard, Ohio

      41 acres of farmland for sale in Huron County.
      0 Egypt Road, Willard, OH 44890
      View Details
    • $1,050,000
      11,084 SF

      Freestanding Retail Space Available

      Freestanding 11,084 SF retail space with drive-thru opportunity.
      4 Walton St E, Willard, OH
      View Details
    • $6,650,000
      155,700 SF

      Two Willard Industrial Facilities For Sale

      Two industrial properties in Willard, Ohio, totaling 155,700 square feet.
      900 Theo Moll Dr, Willard, OH
      View Details
    • Contact for pricing

      Commercial Outlot Near DrugMart

      0.5 AC outlot near industrial plants and anchored center.
      307 W Walton St, Willard, OH
      View Details
    • Contact for pricing
      155,700 SF

      Industrial Portfolio with Expansion Potential

      Two industrial buildings with land for expansion near Ohio Turnpike.
      975 Theo Moll, Willard, OH 44890
      View Details

    FAQs

    What type of property is this?
    Land - Level lot in Willard, OH with utility access.
    Where is this land located?
    The property is located at 575 Pearl St Willard, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level lot ready for development; Access to public utilities; In‑town location
    (419) 756-8383
    We can help!
    Listing Contact
    Rick Lewis
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!