Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    33633 Bagley Rd North Ridgeville, OH 44039

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

    1.37 Acres, Highway Commercial Zoning

    Property Features for 33633 Bagley Rd

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    We can help!

    Listing Contact
    Deborah Maggard
    Deborah Maggard

    Listing Agent: Deborah Maggard

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.37-acre commercial land parcel, located at 33633 Bagley Road in North Ridgeville, Ohio, presents a prime opportunity for development. The property boasts a highly desirable location, situated in Lorain County and conveniently accessible via major transportation arteries including I-80, I-480, and Route 10. Its strategic positioning offers excellent visibility and accessibility for businesses. The parcel is zoned B3 (Highway Commercial District), allowing for a variety of commercial uses. Public utilities are readily available on-site, simplifying the development process. This site is shadow anchored by Discount DrugMart, ensuring high traffic and visibility. The property's APN is # 07-00-011-103-084. This land is ideal for build-to-suit projects or ground lease opportunities, making it an attractive investment for developers seeking a strategic location with high potential for return. The zip code is 44039. The property's latitude and longitude coordinates are 41.3720642 and -81.9907881 respectively. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Ohio market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Ridgeville
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9907881
    Latitude
    41.3720642

    Nearby Similar for Sale

    • $450,000
      5,000 SF

      North Ridgeville Church with Hall

      Well-maintained church with fellowship hall on over an acre.
      6505 Stoney Ridge Rd, North Ridgeville, OH 44039
      View Details
    • $250,000
      0.46 Acres

      Turnkey Restaurant Opportunity

      High-traffic location, ready to operate immediately.
      39475 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      7,900 SF

      Restaurant/Bar with Outdoor Patio

      7,900 SF restaurant/bar with outdoor patio and volleyball court.
      34445 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing

      New Chipotle Restaurant Investment Opportunity

      Corporate lease with Chipotle in growing North Ridgeville, Ohio.
      34712 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      3,360 SF

      Flex Building Office Space

      Office space in flex building with storage and garage access.
      33360 Liberty Pkwy, North Ridgeville, OH 44039
      View Details
    • $134,900

      Forest Park Drive Property

      House needing work, ideal for sweat equity or renovation.
      6321 Forest Park Dr, North Ridgeville, OH 44039
      View Details
    • $2,369,287
      2,325 SF

      Chipotle NNN Drive-Thru Ohio

      Brand new Chipotle, 15-year lease, high growth area.
      34712 Center Ridge Rd, North Ridgeville, OH 44039
      View Details

    FAQs

    What type of property is this?
    Land - 1.37 Acres, Highway Commercial Zoning
    Where is this land located?
    The property is located at 33633 Bagley Rd North Ridgeville, OH.
    What are key features of this property?
    This property features: Build-to-suit or ground lease opportunity.; 1.37-acre parcel fronting Bagley Road.; Shadow-anchored by Discount Drug Mart.
    (216) 496-3777 Call to check price and availability
    Request Owner's contact information
    33633 Bagley Rd North Ridgeville, OH 44039
    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.
    33633 Bagley Rd
    North Ridgeville, OH 44039
    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
    33633 Bagley Rd North Ridgeville, OH 44039
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Deborah Maggard
    Deborah Maggard
    Real Estate License ID: SAL.0000312548
    (216) 496-3777 (216) 831-3310
    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!