Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near Walmart Title is generated by Realmo AI

    191 Meadowlands Drive, Chardon, OH 44024

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.31 AC commercial land for sale near retail.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.31 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 18 at 7:54 am

    Property Features for 191 Meadowlands Drive

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.31 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kevin Moss
    Kevin Moss

    Listing agent Kevin Moss License #SAL.2015001299

    Listing office CBRE - Cleveland

    Listing date Mar 25, 2026

    Source Cbre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Cleveland

    HighLights

    • High average household incomes ($123,597) within a 20‑minute drive.
    • Zoned C‑4, allowing for a wide range of commercial uses.
    • Located across from Walmart, offering high visibility and traffic.
    • All utilities are available at the site, simplifying development.
    • Join established retailers like Home Depot, Five Below, and Dollar Tree.
    • Future Meijer development coming in 2026, increasing area traffic.

    Overview

    This 1.31-acre parcel of commercial land is available for sale. Zoned C-4, the site has all utilities available. It is located across from Walmart at the light. The location is near Home Depot, Five Below, and Dollar Tree. A future Meijer is planned for 2026. The property is located in Chardon, a county seat market with a regional draw. The average household incomes within a 20-minute drive time are $123,597.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chardon
    County
    Geauga
    State
    Ohio
    Longitude
    -81.225286
    Latitude
    41.587722

    Nearby Similar for Sale

    • $350,000

      9.2 Acres in Chardon, OH

      9.2-acre lot with mature trees and river access.
      Winterberry Lane, Chardon, OH 44024
      View Details
    • $350,000

      Commercial Land in Chardon, Ohio

      10.39 acres of commercial land for sale.
      12929 Mayfield Road, Chardon, OH 44024
      View Details
    • $995,000
      25,000 SF

      Bowling Alley with Redevelopment Potential

      20-lane bowling alley with restaurant, bar, and rental spaces.
      10651 Grant St, Chardon, OH
      View Details
    • $229,900

      16+ Acres in Claridon Township

      16.82-acre parcel perfect for a custom dream home!
      V/L Taylor Wells Road, Chardon, OH 44024
      View Details
    • $999,999

      100 Acres Event and Recreation

      Scenic 100-acre property ideal for events and recreation.
      10022 Mulberry Rd, Chardon, OH
      View Details
    • $2,250,000

      Chardon, OH Commercial Land

      9-acre commercial land in Chardon, OH, high-traffic location.
      332 Center St, Chardon, OH
      View Details
    • $350,000

      Commercial Land for Sale

      10.39 acres of commercial land available.
      12929 Mayfield Road, Chardon, OH 44024
      View Details
    • $300,000

      Residential Land in Chardon, Ohio

      10-acre parcel for building a dream home.
      V/L Mayfield Road, Chardon, OH 44024
      View Details
    • $199,900

      Industrial Zoned Land For Sale

      2.6 acre industrial lot with city utilities available.
      345 Industrial Pkwy, Chardon, OH
      View Details
    • $61,999

      Residential Lot in Fox Pointe

      Build your dream home in desirable Chardon neighborhood.
      108 Gentry Court, Chardon, OH 44024
      View Details
    • $9,950,000

      New Industrial Facility Sale-Leaseback

      Newly constructed industrial facility with long-term lease in Chardon, Ohio.
      310 Park Dr, Chardon, OH 44024
      View Details
    • Contact for pricing

      Prime Developable Land Parcel

      Cleared 12.56-acre commercial land in a growing market.
      464 Center St, Chardon, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.31 AC commercial land for sale near retail.
    Where is this commercial land located?
    The property is located at 191 Meadowlands Drive Chardon, OH.
    What are key features of this property?
    This property features: High average household incomes ($123,597) within a 20‑minute drive.; Zoned C‑4, allowing for a wide range of commercial uses.; Located across from Walmart, offering high visibility and traffic.
    (216) 577-1517
    We can help!
    Listing Contact
    Kevin Moss
    Kevin Moss
    Real Estate License ID: SAL.2015001299
    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
    191 Meadowlands Drive, Chardon, OH, 44024
    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!