Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Traffic Corner Commercial Lot Title is generated by Realmo AI

    27693 Butternut Ridge Road, North Olmsted, OH 44070

    View on Map
    Claim this Listing
    For Sale
    $69,900

    0.21-acre commercial lot at a signalized 5-way intersection.

    Type:Land / Commercial
    Lot size:
    0.21 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    107
    Last Refresh:
    May 20 at 7:38 am

    Property Features for 27693 Butternut Ridge Road

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    China Rios

    Listing agent China Rios License #2025001752

    Listing office EXP Realty, LLC.

    Listing date Feb 12, 2026

    Source Compass

    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 EXP Realty, LLC.

    HighLights

    • Prime commercial corner lot at high‑traffic 5‑way intersection of Butternut Ridge Rd.
    • Located in a Community Reinvestment Area (CRA) eligible for up to 100% tax abatement on new construction.
    • Zoning flexibility for retail, mixed‑use, drive‑thru, office, or small service development.
    • Strong vehicle exposure and proximity to I‑480, I‑90, and major retail corridors.
    • Includes two parcels (9,293 total sq ft) with public gas and water available.
    • Level, build‑ready site with utilities on site.

    Overview

    This 0.21-acre commercial lot is located at the signalized 5-way intersection of Butternut Ridge Rd. The property consists of two parcels totaling 9,293 square feet. Public gas and water are available. The site is suitable for retail, mixed-use, drive-thru, office, or small service development. The property benefits from zoning flexibility, high vehicle exposure, and proximity to I-480, I-90, and major retail corridors. The lot is level and build-ready. It is located in a Community Reinvestment Area (CRA) and is eligible for up to 100% tax abatement on new construction. Additional development incentives are available through city and county economic programs. Utilities are on site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9284151
    Latitude
    41.4124521

    Nearby Similar for Sale

    • $375,000

      North Olmsted Redevelopment Opportunity

      Commercial land with redevelopment potential in a high-traffic location.
      30447 Lorain Road, North Olmsted, OH 44070
      View Details
    • $1,190,000
      3,089 SF

      Freestanding Retail Building For Sale

      3,089 SF retail building on 0.919 acres available for sale.
      25775 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,900,000
      7,504 SF

      North Olmsted Retail Opportunity

      Retail property for sale in North Olmsted, Ohio.
      25001 Country Club Blvd, North Olmsted, OH
      View Details
    • $69,900

      Prime Commercial Corner Lot Available

      High-visibility commercial lot suitable for various development projects.
      27693 Butternut Ridge, North Olmsted, OH 44070
      View Details
    • $1,190,000
      3,089 SF

      Freestanding Retail Building on Lorain

      3,089 SF retail building on heavily traveled Lorain Road.
      25775 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $275,000
      2,400 SF

      Converted Home for Office/Retail

      2,400± SF converted home suitable for office or retail.
      23889 Lorain Rd, North Olmsted, OH
      View Details
    • $923,636

      Take 5 Oil Change Opportunity

      Take 5 Oil Change for sale in North Olmsted, OH.
      28401 Lorain Road, North Olmsted, OH 44070
      View Details
    • $3,600,000
      12,232 SF

      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH
      View Details
    • $14,500

      Commercial Lot For Sale

      Commercial lot available in North Olmsted, Ohio.
      V/L Clareshire Drive, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      20,804 SF

      North Olmsted Office Space Available

      Office space for lease in North Olmsted, Ohio.
      24950-25050 Country Club Blvd, North Olmsted, OH
      View Details
    • Contact for pricing
      11,060 SF

      North Olmsted Office Building For Sale

      11,060 SF building on 1.85 acres in North Olmsted.
      28253 Lorain Rd, North Olmsted, OH
      View Details
    • Contact for pricing
      135,000 SF

      North Olmsted Office Building For Sale

      135,000 SF office building with amenities and parking.
      25300 Al Moen Dr, North Olmsted, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.21-acre commercial lot at a signalized 5-way intersection.
    Where is this commercial land located?
    The property is located at 27693 Butternut Ridge Road North Olmsted, OH.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Prime commercial corner lot at high‑traffic 5‑way intersection of Butternut Ridge Rd.; Located in a Community Reinvestment Area (CRA) eligible for up to 100% tax abatement on new construction.; Zoning flexibility for retail, mixed‑use, drive‑thru, office, or small service development.
    (216) 554-5387
    We can help!
    Listing Contact
    China Rios
    Real Estate License ID: 2025001752
    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
    27693 Butternut Ridge Road, North Olmsted, OH 44070
    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!