Add Listing
    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

    6800 N Chestnut St Ravenna, OH 44266

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

    Scalable industrial facility with significant power upside in Ravenna, Ohio.

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Aaron Davis
    Aaron Davis
    Source: Svn

    Listing Agent: Aaron Davis

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

    Learn more

    Overview

    Ravenna Industrial Power Platform

    Chestnut Commerce Center is an industrial facility designed as a scalable power platform. It features 10 MW online, 22 MW under load study, and a solar array. The site is positioned to support energy-intensive uses such as AI, crypto, HPC, and advanced manufacturing. The property includes direct support via partners at Viridi, who specialize in negotiating utility contracts. Located in Ravenna, Ohio, the industrial property is surrounded by a community and amenities. The area has a strong local economy, with a range of businesses. Nearby resources include dining options, shops, and recreational facilities. The location offers proximity to main transport arteries and a dynamic business environment. The property has an expandable utility infrastructure ready for data, AI, and blockchain workloads, and an active rail spur on-site. There are approximately 2.5 acres of potential retail outlots on N. Chestnut St. The facility has 4 interior docks, 4 exterior docks, and 3 air handlers.
    Location Intelligence

    Current Use by Public Records

    Wagner Logistics Warehouse & Storage ACE Laboratories Laboratory Chestnut Commerce Center Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.2449905
    Latitude
    41.1743595

    Nearby Similar for Sale

    • New
      $240,000
      2,571 SF

      Ravenna Triplex: Investment Opportunity

      Fully occupied Ravenna triplex generating $2,400 monthly gross income.
      242 W Highland Ave, Ravenna, OH 44266
      View Details
    • $349,900
      4,316 SF

      Renovated Office Building For Sale

      Completely renovated office building in Ravenna, Ohio.
      817 W Main St, Ravenna, OH 44266
      View Details
    • Contact for pricing
      185,000 SF

      Ravenna Industrial Facility with Power

      185,000 SF industrial facility with significant power capacity.
      6800 N Chestnut St, Ravenna, OH 44266
      View Details
    • Contact for pricing
      4,152 SF

      Rootstown Auto Service Garage

      Turn-key auto service operation with additional land site.
      4824 S Prospect St, Ravenna, OH 44266
      View Details
    • $250,000
      3,300 SF

      Ravenna Retail/Office Trio

      Downtown Ravenna Investment Opportunity
      136 Main St, Ravenna, OH 44266
      View Details
    • $250,000
      0.12 Acres

      Downtown Ravenna Office Building

      Prime location, three units, ample parking.
      240 Chestnut St, Ravenna, OH 44266
      View Details
    • $225,000
      0.21 Acres

      Ravenna Industrial Lot - Great Potential

      0.21-acre lot, $225,000 - ideal for development.
      6220 Wall St, Ravenna, OH 44266
      View Details
    • $409,900
      784,081 SF

      Ravenna Commercial Building For Sale

      Completely renovated, multi-use commercial space.
      817 W Main Street , Ravenna, OH 44266, Ravenna, OH 44266
      View Details
    • $250,000
      2,700 SF

      Downtown Ravenna Office Building

      Prime Ravenna location, 2700 sq ft, three units.
      240 S Chestnut Street , Ravenna, OH 44266, Ravenna, OH 44266
      View Details
    • $250,000
      2,700 SF

      Ravenna Executive Office Building

      Prime Ravenna location, 2700 sq ft, 10 parking spaces.
      240 Chestnut St, Ravenna, OH 44266
      View Details
    • $175,000
      3,016 SF

      Ravenna Medical Office Condo

      Prime medical office space, excellent location.
      6693 Chestnut St, Ravenna, OH 44266
      View Details
    • $295,000
      2,132 SF

      Ravenna Mixed-Use Investment

      10-Acre Commercial Property, High Traffic
      6942 Oh-44, Ravenna, OH 44266
      View Details

    FAQs

    What type of property is this?
    Industrial property - Scalable industrial facility with significant power upside in Ravenna, Ohio.
    Where is this industrial property located?
    The property is located at 6800 N Chestnut St Ravenna, OH.
    What are key features of this property?
    This property features: - Scalable power platform with **10 MW online and approval for an additional 22 MW**, totaling 33 MW potential capacity.; - Benefit from an on-site 1 MW solar array and NMB rider for lower power costs.; - Expandable utility infrastructure ready for data, AI & blockchain workloads.
    (234) 231-0285
    Request Owner's contact information
    6800 N Chestnut St Ravenna, OH 44266
    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.
    6800 N Chestnut St
    Ravenna, OH 44266
    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
    6800 N Chestnut St Ravenna, OH 44266
    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
    Aaron Davis
    Aaron Davis
    Real Estate License ID: 2018001122
    (234) 231-0285 (330) 221-7297 (234) 231-0200
    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!