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

    Geneva, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.3 acre commercial parcel near I-90 and Spire Institute.

    Lot size:
    7.30 Acres

    Property Features for

    General Information

    Lot size
    7.30 Acres

    We can help!

    Listing Contact
    Matt Wilson
    Matt Wilson
    Source: Moodyscre

    Listing Agency: Anchor Retail Listing Agent: Matt Wilson

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

    Learn more

    Overview

    Commercial Land Near Spire Institute

    This 7.3-acre commercially zoned parcel features fully approved signalized access, which is to be shared with the main entrance into Spire Institute. The property is located 1,000 feet from the I-90 highway interchange and directly opposite a new Starbucks, a new TownePlace Suites, and a planned Tru by Hilton hotel, scheduled to open in the fall of 2025. Spire Institute, one of the largest athletic training facilities in America, encompasses over 800 acres with over 750,000 square feet of indoor training space and attracts over 1.5 million visitors annually.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9481489
    Latitude
    41.8050539

    Nearby Similar for Sale

    • $389,900
      1,600 SF

      Two-Unit Property Near Lake Erie

      Two-unit property in a seasonal resort near Lake Erie.
      4772 Lake Rd E, Geneva, OH 44041
      View Details
    • $89,977
      Pending

      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
    • $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
    • $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
    • $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
    • 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
      8,200 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
    • Contact for pricing
      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
    • 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
    • Contact for pricing
      7,875 SF

      Mixed-Use Investment Opportunity

      Warehouse, office, and apartments for sale in Geneva, OH.
      670 Sherman 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

    FAQs

    What type of property is this?
    Land - 7.3 acre commercial parcel near I-90 and Spire Institute.
    Where is this land located?
    The property is located at Geneva, OH.
    What are key features of this property?
    This property features: - 7.3 acre commercially zoned parcel; - Fully approved signalized access shared with Spire Institute entrance; - High visibility location adjacent to Spire Institute, attracting 1.5 million annual visitors
    (216) 342-2580 Call to check price and availability
    Request Owner's contact information
    Geneva, OH
    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.
    Geneva, OH
    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
    Geneva, OH
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Wilson
    Matt Wilson
    (216) 342-2580 (216) 342-2523
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!