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

    V/L #17 Chillicothe Road Chagrin Falls, OH 44023

    View on Map
    For Sale
    $75,000

    LAND - Chagrin Falls, OH

    Lot size:
    0.34 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for V/L #17 Chillicothe Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02-190490
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    S/L 17 N LAKE LUCERNE SUB #1
    TaxAnnualAmount
    976

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public, Well

    We can help!

    Listing Contact
    Colleen Miklus
    Colleen Miklus

    Listing agent Colleen Miklus License #2004017346

    Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH

    Listing date Jan 19, 2026

    MLS# 5182280 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

    Buildable Lot in Lake Lucerne

    This 0.34-acre lot presents a buildable opportunity within the Lake Lucerne community. Public sewer, gas, and electricity are available at the street. Water is provided through a community-maintained well system, which requires a tap-in fee. Residents have access to over 75 acres of private lakes suitable for swimming, fishing, and kayaking, as well as seasonal events. HOA amenities include tennis, basketball, and pickleball courts, a playground, and scenic walking paths. The property is located minutes from schools, shopping, dining, and highway access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Chagrin Falls
    County
    Geauga
    State
    Ohio
    Longitude
    -81.3197
    Latitude
    41.3913

    Nearby Similar for Sale

    • $75,000

      Land in Established Chagrin Falls

      Residential land with utilities access in desirable Chagrin Falls, OH.
      16788 Geneva Street, Chagrin Falls, OH 44023
      View Details
    • $149,990

      Vacant Land in Chagrin Falls

      Vacant corner lot to build your dream home.
      V/L 1 Bartholomew Road, Chagrin Falls, OH 44023
      View Details
    • $149,990

      Vacant Land in Chagrin Falls

      3.2 acre vacant lot ready for your dream home.
      V/L 2 Bartholomew Road, Chagrin Falls, OH 44023
      View Details
    • $450,000
      5,930 SF

      Versatile Industrial Condo with Office

      5,930 SF industrial condo with finished office space.
      17111 Munn Rd, Chagrin Falls, OH 44023
      View Details
    • $219,900

      21 Acre Wooded Lot

      Expansive 21 acre wooded lot in Kenston School District.
      16677 Messenger Road, Chagrin Falls, OH 44023
      View Details
    • Contact for pricing
      8,604 SF

      Chagrin Falls Office Building

      8,604 SF one-story office building in Chagrin Falls, OH.
      34 West Washington St, Chagrin Falls, OH
      View Details
    • Contact for pricing

      Lander Road Land Parcels

      Three parcels with meeting hall and storage shed.
      4799 Lander Rd, Chagrin Falls, OH
      View Details
    • Contact for pricing
      904 SF

      Freestanding Retail Building For Sale

      904 SF building on 0.12 acres, great owner-user opportunity.
      89 Solon Rd, Chagrin Falls, OH
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Lake Lucerne community with access to amenities.
    Where is this residential land & home lot located?
    The property is located at V/L #17 Chillicothe Road Chagrin Falls, 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: Buildable lot in desirable Lake Lucerne community.; Exclusive access to 75+ acres of private lakes for recreation.; HOA amenities include tennis, basketball, and pickleball courts, a playground, walking paths, and community activities.
    (440) 479-8766
    We can help!
    Listing Contact
    Colleen Miklus
    Colleen Miklus
    Real Estate License ID: 2004017346
    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!