Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Home Depot Plaza Title is generated by Realmo AI

    3120 Market Place Drive, Ashtabula, OH 44004

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile retail space in a thriving Ashtabula commercial hub.

    Type:Retail
    Added:
    Nov 21, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 5 at 11:44 pm

    Property Features for 3120 Market Place Drive

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Robert Saggese

    Listing agent Robert Saggese

    Listing office

    Listing date Nov 21, 2025

    Source Rdmanagement

    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 Robert Saggese

    HighLights

    • Excellent Visibility: Prime location ensures your business gets noticed.
    • Ample Parking: Convenient access for customers and employees.
    • Strategic Location: High foot traffic near Home Depot Plaza and Ashtabula Towne Square Mall.
    • Modern Architecture: Professional and inviting building design.
    • Meticulously Maintained Facilities: Well‑kept property reduces maintenance concerns.
    • Versatile Space: Well‑designed to suit diverse business needs.

    Overview

    Located at 3120 Market Place Drive in Ashtabula, OH, this property offers a versatile and well-designed space suitable for a diverse range of business purposes. The location provides ample parking and excellent visibility, ensuring convenient access for customers and employees. The property features modern architecture and meticulously maintained facilities, creating a professional and inviting environment. The property is located in the thriving community surrounding Home Depot Plaza in Ashtabula, OH, a flourishing commercial hub with a steady flow of foot traffic and prime visibility for businesses. The Ashtabula Towne Square Mall is nearby, attracting a diverse range of potential customers. Popular dining establishments and entertainment venues contribute to the area's bustling atmosphere, creating opportunities to engage with the local community and attract patrons. Home Depot Plaza presents an opportunity for retail tenants seeking to establish a presence in the retail landscape of Ashtabula.
    Property Profile Location Intelligence

    Current Use by Public Records

    Berkshire Hathaway HomeServices ... Real Estate Agency Darius Williams Berkshire ... Real Estate Agency US Army Recruiting ... Military Recruiting Office Sal Jackson, Berkshire ... Real Estate Agency Elite Employment Center Employment Agency

    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.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Wal-Mart, 3551 N Ridge Rd E, Ashtabula, OH 44004
    • Ashtabula Towne Square — 3315 N Ridge Rd E, Ashtabula, OH 44004

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7469
    Latitude
    41.881

    Nearby Similar for Lease

    • $12 SF/Yr
      10,000 SF

      Ashtabula Retail and Warehouse Space

      Retail and warehouse space available for lease in Ashtabula, OH.
      1626 E Prospect Road, Ashtabula, OH 44004
      View Details
    • $24,520 SF/Yr

      Ashtabula Retail Space Available

      Commercial space for lease in high-traffic Ashtabula location.
      3315 N Ridge Road, Ashtabula, OH 44004
      View Details
    • $9 SF/Yr
      1,900 SF

      Retail Spaces Available for Lease

      Multiple retail units available for lease in a shopping center.
      2400-2530 W Prospect Rd, Ashtabula, OH
      View Details
    • Contact for pricing
      2,928 SF

      Commercial Buildings on Major Artery

      Two commercial buildings on 1.10 acres with utilities.
      833 Lake Avenue, Ashtabula, OH, 44004
      View Details
    • $12 SF/Yr
      1,315 SF

      Office Space with Natural Light

      Office space featuring five private offices and an open area.
      4717 Park Ave , Ashtabula, OH
      View Details
    • Contact for pricing
      3,350 SF

      Retail/Medical Space in Plaza East

      Turn-key retail and medical spaces available in busy Ashtabula.
      2825-2893 N Ridge Rd, Ashtabula, OH
      View Details
    • Contact for pricing

      Ashtabula Retail Out-Parcel Opportunity

      Retail storefront opportunity at a high-traffic Ashtabula intersection.
      1144 W Prospect Road, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      587,000 SF

      Ashtabula Warehouse/Manufacturing Space Available

      Warehousing and manufacturing space with outdoor storage and parking.
      6800 Center Rd, Ashtabula, OH
      View Details
    • Contact for pricing
      1,816 SF

      Retail Buildings on Major Artery

      Two retail buildings on 1.10 acres with utilities.
      843 Lake Ave, Ashtabula, OH
      View Details
    • $11 SF/Yr
      12,375 SF

      Retail Space Near Ashtabula Mall

      Retail space available near Ashtabula Towne Center Mall.
      3410 N Ridge Usr 20 Rd, Ashtabula, OH
      View Details
    • Contact for pricing
      6,183 SF

      Retail Space in Home Depot Plaza

      Retail space for lease in Ashtabula County, Ohio.
      3200 Market Place Dr, Ashtabula, OH
      View Details
    • Contact for pricing
      6,008 SF

      Retail/Office Space in Ashtabula, OH

      6,008 SF retail/office space available for lease.
      1818 Prospect Usr 20 Rd, Ashtabula, OH
      View Details

    FAQs

    What type of property is this?
    Shopping center - Versatile retail space in a thriving Ashtabula commercial hub.
    Where is this shopping center located?
    The property is located at 3120 Market Place Drive Ashtabula, OH.
    What are key features of this property?
    This property features: Excellent Visibility: Prime location ensures your business gets noticed.; Ample Parking: Convenient access for customers and employees.; Strategic Location: High foot traffic near Home Depot Plaza and Ashtabula Towne Square Mall.
    (419) 450-0810
    We can help!
    Listing Contact
    Robert Saggese
    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
    3120 Market Place Drive, Ashtabula, OH 44004
    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!