Sign Up Successful!
You now have access to more from Realmo!
    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

    101 Pleasant Ave Geneva, OH 44041

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,150

    4.61 acre industrial land parcel near downtown Geneva.

    Lot size:
    4.61 Acres

    Property Features for 101 Pleasant Ave

    General Information

    Lot size
    4.61 Acres

    We can help!

    Listing Contact
    Timothy Sawicki
    Timothy Sawicki
    Source: Moodyscre

    Listing Agent: Timothy Sawicki

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Land Near Downtown Geneva

    This property features approximately 4.61 acres of industrial land. The parcel, identified as PP #20-008-00-014-00, is zoned for industrial use. Utilities are available at the street. The location is within walking distance of downtown Geneva and is situated one block from W. Main St (US Route 20), providing easy access to US Route 20 (W. Main Street), SR 534 (Broadway Street), SR 84, and Interstate 90.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.948816
    Latitude
    41.807893

    Nearby Similar for Sale

    • New
      $89,977
      1,800 SF

      Geneva Duplex on Corner Lot

      Corner-lot duplex near Geneva-on-the-Lake, ideal for investors or owner-occupants.
      350 N Broadway, Geneva, OH 44041
      View Details
    • Contact for pricing
      1.30 Acres

      Commercial Property & Established Dealership

      1.3-acre commercial parcel on Route 20, operating as dealership.
      745 E Main St, Geneva, OH 44041
      View Details
    • New
      $399,900
      1,600 SF

      Geneva Two-Unit Property Near Lake

      Two-unit property near Lake Erie with flexible use potential.
      4772 Lake Rd E, Geneva, OH 44041
      View Details
    • $199,000
      0.14 Acres

      Downtown Geneva Bar with Apartments

      Bar and apartments in downtown Geneva needing restoration.
      47 W Main St, Geneva, OH 44041
      View Details
    • Contact for pricing

      Established Dealership on Route 20

      Prime commercial property with established car dealership on high-traffic Route 20.
      745 E Main St, Geneva, OH 44041
      View Details
    • $315,000
      7,875 SF

      Mixed-Use Investment Opportunity

      Warehouse, office, and apartments for sale in Geneva, OH.
      670 Sherman St, Geneva, OH 44041
      View Details
    • $1,250,000
      8,200 SF

      Turnkey Cafe, Salon, and Spa

      Ready-to-open cafe, salon, and spa with high-end finishes.
      21 S Broadway, Geneva, OH 44041
      View Details
    • $1,340,851
      8,990 SF

      Retail Plaza in Geneva, Ohio

      8,990 SF retail building on 1.5 acres for sale.
      1020-1032 S Broadway, Geneva, OH 44041
      View Details
    • $1,500,000

      Redevelopment Opportunity Near Interstate 90

      Redevelopment opportunity near I-90, suitable for various commercial uses.
      1851 S Broadway, Geneva, OH 44041
      View Details
    • $250,000
      3,577 SF

      Bar with Renovation Potential

      Fixer-upper bar for sale in prime location.
      47 W Main St, Geneva, OH 44041
      View Details
    • Contact for pricing

      Medical Office Building For Sale

      8,515 SF medical office building available for purchase.
      Geneva, OH 44041
      View Details
    • Contact for pricing
      8,515 SF

      Medical Office Building For Sale

      8,515 SF medical office building available for purchase.
      96 S Broadway, Geneva, OH 44041
      View Details

    FAQs

    What type of property is this?
    Land - 4.61 acre industrial land parcel near downtown Geneva.
    Where is this land located?
    The property is located at 101 Pleasant Ave Geneva, OH.
    What is the asking price?
    The asking price for this property is $69,150.
    What are key features of this property?
    This property features: - 4.61± Acres of Land; - Zoned Industrial; - Utilities at the Street
    (440) 283-5143
    Request Owner's contact information
    101 Pleasant Ave Geneva, OH 44041
    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.
    101 Pleasant Ave
    Geneva, OH 44041
    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
    101 Pleasant Ave Geneva, OH 44041
    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
    Timothy Sawicki
    Timothy Sawicki
    (440) 283-5143
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.