Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1801 Nagel Rd Avon, OH 44011

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime 1+ acre outlot for ground lease in Avon, OH.

    Property size:
    5,000 SF
    Lot size:
    3.71 Acres

    Property Features for 1801 Nagel Rd

    General Information

    Size
    5,000 SF
    Lot size
    3.71 Acres

    We can help!

    Listing Contact
    David Stein
    David Stein
    Source: Moodyscre

    Listing Agent: David Stein

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

    Learn more

    Property Insight Report

    Overview

    Prime Acre Outlot Ground Lease

    This is a prime 1+ acre outlot available for ground lease. The property is located in Avon, Ohio, which is the fastest-growing suburb along the I-90 corridor. The I-90 & Nagel Road exit is described as an emerging retail corridor. The property is situated across from a newly opened Meijer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ChargePoint Charging Station Electric Vehicle Charging Station Levin Furniture and Mattress ... Furniture Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -81.988815
    Latitude
    41.464144

    Nearby Similar for Lease

    • $2,900 /Mo
      44,867 SF

      Avon Warehouse and Office Space

      Well-maintained warehouse and office building near I-90 in Avon, OH.
      1224 Lear Industrial Pkwy, Avon, OH 44011
      View Details
    • $1,750 /Mo
      2,614 SF

      Professional Office Suite in Avon

      Versatile office space suitable for medical, administrative, or general use.
      36701 American Way, Avon, OH 44011
      View Details
    • $2,000 /Mo
      77,101 SF

      Retail Space Near Avon Library

      Retail space available near Avon Library with high visibility.
      37460 Harvest Ave, Avon, OH 44011
      View Details
    • $14 SF/Yr
      25,359 SF

      Retail Space in Center Plaza

      End-cap retail space with high visibility and convenient highway access.
      2100 Center Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Near Major Retailers

      10,000 SF retail space in a high-growth area.
      35701-35815 Chester Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,411 SF

      Avon Retail Space - Drive-Thru Available

      High-traffic Avon retail space, drive-thru ready.
      36290 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      70,000 SF

      Avon Manufacturing and Warehouse Space

      70,000 SF manufacturing/office/storage space near I-90 in Avon, OH.
      1500 Nagel Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      120,000 SF

      Avon Commerce Park: Prime Industrial Space

      Modern industrial space, flexible layouts, rail access.
      37988 Avon Commerce Pkwy, Avon, OH 44011
      View Details
    • Contact for pricing
      4,323 SF

      Retail Space Near I-90

      Newly constructed retail space with excellent visibility and access.
      35405 Chester Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Avon, Ohio

      Retail space available in a shopping center with highway visibility.
      35966 Detroit Rd, Avon, OH 44011
      View Details
    • $14 SF/Yr
      25,359 SF

      Avon Office Space for Lease

      High-visibility Avon office space available.
      2100 Center Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,833 SF

      Retail Space in Avon, Ohio

      Retail space available in a busy shopping center.
      35970 Detroit Rd, Avon, OH 44011
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1+ acre outlot for ground lease in Avon, OH.
    Where is this land located?
    The property is located at 1801 Nagel Rd Avon, OH.
    What are key features of this property?
    This property features: - Prime 1+ acre outlot available for ground lease.; - Located on Nagel Road, across from the newly opened Meijer.; - I-90 & Nagel Road exit is the next exciting retail corridor.
    (216) 831-8100
    Request Owner's contact information
    1801 Nagel Rd Avon, OH 44011
    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.
    1801 Nagel Rd
    Avon, OH 44011
    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
    1801 Nagel Rd Avon, OH 44011
    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
    David Stein
    David Stein
    Real Estate License ID: SAL0000295155
    (216) 831-8100
    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.