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

    Som Center Road Willoughby, OH 44094

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Willoughby, OH

    Lot size:
    0.49 Acres
    Added:
    Oct 21, 2025
    Days on Market:
    187
    Last Refresh:
    Apr 25 at 8:06 am

    Property Features for Som Center Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    27-A-004-0-00-040-0
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT TRACT 10 LOT 10 01-219
    Tax Annual Amount
    342

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Debra M Lanning

    Listing agent Debra M Lanning License #2019003257

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

    Listing date Oct 21, 2025

    MLS# 5164422 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.

    Overview

    Vacant Lot in Willoughby, OH

    This vacant lot, situated in Willoughby, Ohio, offers approximately 0.4936 acres of land. Utilities are available on the street. Its location provides convenient access to freeways, hospitals, schools, parks, golf courses, and shopping areas. Bring your builder to this great location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.4391863
    Latitude
    41.6112414

    Nearby Similar for Sale

    • $399,900
      2,700 SF

      Duplex in Downtown Willoughby

      Duplex with commercial development opportunities in Downtown Willoughby.
      37805 Vine Street, Willoughby, OH 44094
      View Details
    • $350,000

      Kirtland Wooded Lot with Utilities

      5.76-acre wooded lot with utilities access in Kirtland, Ohio.
      10899 Tibbetts Road, Kirtland, OH 44094
      View Details
    • $2,800,000

      Downtown Willoughby Investment Opportunity

      Modern two-story building in historic downtown Willoughby, suitable for various ventures.
      3941 Erie Street, Willoughby, OH 44094
      View Details
    • $750,000

      Willoughby Commercial Development Opportunity

      Development site suitable for retail, office, business, and warehouse.
      Lost Nation Road, Willoughby, OH 44094
      View Details
    • $1,800,000
      11,250 SF

      Willoughby Retail/Office Investment Opportunity

      Meticulously maintained retail/office asset in the heart of Willoughby, Ohio.
      37111 Euclid Avenue, Willoughby, OH 44094
      View Details
    • $75,000

      Willoughby Land Parcel For Sale

      Over half-acre lot near lake and historic Downtown Willoughby.
      3 Adkins Road, Willoughby, OH 44094
      View Details
    • $1,700,000

      Willoughby Retail/Office Investment Opportunity

      Meticulously maintained retail/office asset in Willoughby's business district.
      37111 Euclid Avenue, Willoughby, OH 44094
      View Details
    • $825,000
      2,134 SF

      Retail with Drive-Thru For Sale

      2,134 SF retail space with drive-thru on 1 AC.
      36751 Euclid Avenue, Willoughby, OH, 44094
      View Details
    • $750,000

      Willoughby Commercial Development Site

      7.72 acre corner lot suitable for multiple commercial uses.
      V/L Lost Nation Road, Willoughby, OH 44094
      View Details
    • $1,050,000
      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
      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
      View Details
    • Contact for pricing
      3,565 SF

      Former Bank Branch For Lease

      3,565 SF former bank branch available for lease or sale.
      9231 Chillicothe Rd, Willoughby, OH
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with utilities available, convenient to amenities.
    Where is this land located?
    The property is located at Som Center Road Willoughby, OH.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Great Location; Vacant Lot - Bring Your Builder to create your dream home!; Public Water Source
    (440) 339-1001
    We can help!
    Listing Contact
    Debra M Lanning
    Real Estate License ID: 2019003257
    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!