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

    255 Meadowlands Dr, Chardon, OH 44024

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

    Destination power center anchored by Walmart and Home Depot.

    Type:Retail
    Added:
    Mar 2, 2023
    Days on Market:
    1167
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 255 Meadowlands Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 255 Meadowlands Dr Contact us

    We can help!

    Listing Contact
    Shane Brownlee

    Listing agent Shane Brownlee License #348128

    Listing office RCG Ventures

    Listing date Mar 2, 2023

    Source Crexi

    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 RCG Ventures

    HighLights

    • Anchored by high‑volume Walmart Supercenter and The Home Depot.
    • Dominant retail hub of the entire trade area.
    • Located in Chardon, the county seat of Geauga County.
    • Positioned at the southwest corner of State Road 44 (Center Street) and Meadowlands Drive.
    • Meadowlands Town Center is a destination power center.
    • Located within the Cleveland, Ohio MSA.

    Overview

    Meadowlands Town Center is a destination power center located in Chardon, the county seat of Geauga County, within the Cleveland, Ohio Metropolitan Statistical Area. The center serves as the dominant retail hub for the entire trade area. It is prominently positioned at the southwest corner of State Road 44 (Center Street) and Meadowlands Drive. The center is anchored by a high-volume Walmart Supercenter and The Home Depot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    • Maple Leaf Plaza — 325 Center St, Chardon, OH 44024
    • Coinstar Kiosk - Bitcoin ATM — Giant Eagle, 351 Center St, Chardon, OH 44024

    Location Insight

    • Map
    • Local Demand
    City
    Chardon
    County
    Geauga
    State
    Ohio
    Longitude
    -81.225288
    Latitude
    41.587722

    Nearby Similar for Lease

    • $5 SF/Yr

      8,000 SF Flex/Industrial/Office Space

      Second-floor office and industrial space suitable for various businesses.
      357 Washington St, Chardon, OH
      View Details
    • $16 SF/Yr

      Chardon Office Space For Rent

      5,300 square foot office space available for lease.
      540 Water St, Chardon, OH
      View Details
    • $14 SF/Yr

      Second Floor Office Space Available

      Two-office unit with meeting room and utilities included.
      103-111 South St, Chardon, OH
      View Details
    • Contact for pricing

      Office Space Near Chardon Square

      Office space available on 5th Avenue near Chardon Square.
      521 5th Ave, Chardon, OH
      View Details
    • Contact for pricing

      Retail Space in Chardon, OH

      Retail space available in area with national retailers and restaurants.
      209 Center St, Chardon, OH
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Chardon, Ohio.
      100 7th Ave, 2nd Floor, Chardon, OH 44024
      View Details
    • Contact for pricing

      Office and Retail Spaces Available

      Office and retail spaces available for rent.
      209 Center St, Chardon, OH 44024
      View Details
    • $750/Mo

      Chardon Square Office Space Available

      Office space for rent in a prime Chardon location.
      107 Water St, Chardon, OH, 44024-1258
      View Details
    • Contact for pricing

      Free Standing Retail Building

      8,125 SF retail building in close proximity to downtown.
      11180 Chardon Rd, Chardon, OH
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, ranging from 800 to 9,000 SqFt.
      100 Parker Ct, Chardon, OH 44024
      View Details
    • Contact for pricing

      Retail Space in Chardon Center

      Regional shopping center retail space available in Chardon, Ohio.
      255 Meadowlands Dr, Chardon, OH 44024
      View Details
    • Contact for pricing

      Retail Space in Chardon, Ohio

      Community shopping center space for lease in Chardon, Ohio.
      602 South St, Chardon, OH
      View Details

    FAQs

    What type of property is this?
    Shopping center - Destination power center anchored by Walmart and Home Depot.
    Where is this shopping center located?
    The property is located at 255 Meadowlands Dr Chardon, OH.
    What are key features of this property?
    This property features: Anchored by high‑volume Walmart Supercenter and The Home Depot.; Dominant retail hub of the entire trade area.; Located in Chardon, the county seat of Geauga County.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shane Brownlee
    Real Estate License ID: 348128
    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
    255 Meadowlands Dr, 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!