Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Chardon, Ohio Title is generated by Realmo AI

    12929 Mayfield Road, Chardon, OH 44024

    View on Map
    Claim this Listing
    New
    For Sale
    $350,000

    COMMERCIAL - Chardon, OH

    Lot size:
    10.39 Acres
    Added:
    May 12, 2026
    Days on Market:
    5
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 12929 Mayfield Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    13-001130
    Lot size
    10.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 13 HOLMES TR
    Tax Annual Amount
    580

    We can help!

    Listing Contact
    Greg Pernus

    Listing agent Greg Pernus License #417847

    Listing office HomeSmart Real Estate Momentum LLC 8518 Mentor Avenue, Suite C, Mentor, OH

    Listing date May 12, 2026

    MLS# 5209743 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.39 acres of land available
    • Zoned for commercial use
    • Location coordinates provided

    Overview

    This property features 10.39 acres of land intended for commercial use. It is located in Chardon, Ohio, in the county of Geauga.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Food Market Accounting Firm Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chardon
    County
    Geauga
    State
    Ohio
    Longitude
    -81.175463
    Latitude
    41.532405

    Nearby Similar for Sale

    • $379,000
      3,836 SF

      Victorian Duplex Near Chardon Square

      Stunning, updated Victorian duplex near Chardon Square with modern amenities.
      214 N Hambden Street, 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
    • $339,000

      Secluded Wooded Land with Pond

      Unique 10-acre lot featuring woods, pond, and creek.
      Fowlers Mill Road, Chardon, OH 44024
      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
    • $300,000

      Residential Land in Chardon, Ohio

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

      Industrial Zoned Land For Sale

      2.6 acre industrial lot with city utilities available.
      345 Industrial Pkwy, Chardon, OH
      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
      1 SF

      Commercial Land Near Walmart

      1.31 AC commercial land for sale near retail.
      191 Meadowlands Drive, 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
    • $79,000

      Commercial Land in Chardon Community

      1.68+/- acre commercial land for sale in Chardon, Ohio.
      Wilson Mills Rd, Chardon, OH
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      1.1 acres suitable for office, medical, or retail development.
      510 5th Ave, Chardon, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.39 acres of commercial land for sale.
    Where is this commercial land located?
    The property is located at 12929 Mayfield Road Chardon, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 10.39 acres of land available; Zoned for commercial use; Location coordinates provided
    (440) 823-6491
    We can help!
    Listing Contact
    Greg Pernus
    Real Estate License ID: 417847
    Learn More
    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
    12929 Mayfield Road, 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!