Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Garrettsville, OH Building Lot Title is generated by Realmo AI

    Wheeler Road lot 7, Garrettsville, OH 44231

    View on Map
    Claim this Listing
    For Sale
    $46,500

    LAND - Garrettsville, OH

    Lot size:
    0.54 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    186
    Last Refresh:
    May 17 at 10:06 am

    Property Features for Wheeler Road lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    19-013-00-00-023-007
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CENTURY HILL LOT 7
    Tax Annual Amount
    354

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Brant Jessel

    Listing agent Brant Jessel License #436272

    Listing office RE/MAX Crossroads Properties 2040 Front Street, Strongsville, OH

    Listing date Nov 12, 2025

    MLS# 5171605 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.

    HighLights

    • Affordable building lot in Garrettsville, Ohio.
    • Access to public water and sewer.
    • Natural gas and electricity available.
    • Lot size of .539 acres.
    • Close proximity to grocery store, Post Office, restaurants, and banks.
    • Plat map and deed restrictions available from agent.

    Overview

    Located in Garrettsville, Ohio, this 0.539-acre building lot offers access to essential utilities, including water, sewer, natural gas, and electricity. The property is situated between 11049 Wheeler and 11065 Wheeler, providing convenient access to a grocery store, post office, restaurants, banks, and other amenities. Prospective buyers can contact the agent for a plat map and information regarding architectural and other deed restrictions, making it easier to plan and construct a new home on this lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Garrettsville
    County
    Portage
    State
    Ohio
    Longitude
    -81.106771
    Latitude
    41.291017

    Nearby Similar for Sale

    • $395,000
      4,200 SF

      Turnkey Auto Shop Investment Property

      Established commercial property with two buildings on 3.71 acres.
      10320 Brosius Road, Garrettsville, OH 44231
      View Details
    • $210,000
      3,840 SF

      Charming Triplex by Silver Creek

      Three-unit property with creek access and excellent rental potential.
      8026 Elm Street, Garrettsville, OH 44231
      View Details
    • $72,000

      Cleared Lot in Garrettsville, OH

      Cleared 0.52 acre lot ready for building near local amenities.
      8405 Eagle Creek Drive, Garrettsville, OH 44231
      View Details
    • $59,900

      Garrettsville Land with Utilities

      Cleared land with utilities ready for new home construction.
      10650 Liberty Street, Garrettsville, OH 44231
      View Details
    • $399,900
      4,000 SF

      Church and House on Lot

      Church and house on 2.2 acre lot for sale.
      12888 State Route 88, Garrettsville, OH 44231
      View Details
    • $39,800

      Garrettsville Building Lot Available

      0.431 acre building lot in Garrettsville, Ohio.
      Wheeler Road lot: 14, Garrettsville, OH 44231
      View Details
    • $89,900

      Residential Land in Garrettsville, OH

      Nearly an acre building lot in a quiet community.
      Mills Road, Garrettsville, OH 44231
      View Details
    • $74,500

      Residential Land in Garrettsville, Ohio

      Residential land for sale in Village Gate, Garrettsville, Ohio.
      7076 Village Way Drive, Garrettsville, OH 44234
      View Details
    • $74,500

      Residential Land in Village Gate

      Residential land with underground utilities and low HOA fee.
      7000 Village Way Drive, Garrettsville, OH 44231
      View Details
    • $60,000

      Residential Land in Garrettsville, Ohio

      3.24-acre lot ready for your dream home.
      10088 Knowlton Road, Garrettsville, OH 44231
      View Details
    • $49,000

      Garrettsville, OH 1.5 Acre Lot

      1.5 acre lot in Garrettsville, OH for peaceful country living.
      6994 Hankee Road, Garrettsville, OH 44231
      View Details
    • $75,500

      Residential Land in Garrettsville, OH

      Residential land for sale in a welcoming Garrettsville community.
      10971 Fox Hollow Drive, Garrettsville, OH 44231
      View Details

    FAQs

    What type of property is this?
    Land - Residential building lot in Garrettsville with utilities access.
    Where is this land located?
    The property is located at Wheeler Road lot 7 Garrettsville, OH.
    What is the asking price?
    The asking price for this property is $46,500.
    What are key features of this property?
    This property features: Affordable building lot in Garrettsville, Ohio.; Access to public water and sewer.; Natural gas and electricity available.
    (330) 389-0636
    We can help!
    Listing Contact
    Brant Jessel
    Real Estate License ID: 436272
    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

    Thank You for Inquiry
    Wheeler Road lot: 7, Garrettsville, OH 44231
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!