Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rocky River Vacant Lot Opportunity Title is generated by Realmo AI

    Riverdale Drive, Rocky River, OH 44116

    View on Map
    Claim this Listing
    Pending
    $250,000

    LAND - Rocky River, OH

    Lot size:
    0.14 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    112
    Last Refresh:
    May 21 at 8:06 am

    Property Features for Riverdale Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    301-09-120
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    AFN 201708100726 SUBLOT R-4 0.0090 ACRES 24 OL 2018 SR Tax amount TBD - total of parcels 0.14 and 6002 sq ft
    Tax Annual Amount
    1

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Tricia Gladish
    Tricia Gladish

    Listing agent Tricia Gladish License #2013002785

    Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH

    Listing date Jan 29, 2026

    MLS# 5184604 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

    • Prime vacant lot in the Cleveland Yacht Club Basin neighborhood.
    • Picturesque views of the Rocky River, Cleveland Yacht Club, and Cleveland Skyline.
    • Ideal for developers or custom home builders.
    • Waterfront property.
    • Close proximity to downtown Rocky River and Old River Shopping Plaza.
    • Convenient access to Cleveland Metroparks for outdoor recreation.

    Overview

    This vacant lot presents a rare opportunity for developers or buyers seeking to construct a custom home. Situated in the Cleveland Yacht Club Basin neighborhood, the parcel offers views of the Rocky River. The location provides scenic views of the Cleveland Yacht Club and the Cleveland Skyline. Downtown Rocky River and Old River Shopping Plaza are conveniently accessible, as are the neighboring communities of Lakewood. The Cleveland Metroparks are nearby, offering recreational opportunities. The lot size is approximately 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rocky River
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.834011
    Latitude
    41.484947

    Nearby Similar for Sale

    • $399,000
      2,340 SF

      Rocky River Multifamily Investment Opportunity

      Well-maintained duplex with income potential in desirable Rocky River.
      19658 Hilliard Boulevard, Rocky River, OH 44116
      View Details
    • $139,000

      Residential Land in Rocky River

      Land for sale in Rocky River, Ohio.
      416 Riverdale Drive, Rocky River, OH 44116
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space in Rocky River

      Retail spaces available in a busy Rocky River location.
      21653 Center Ridge Rd, Rocky River, OH
      View Details
    • $390,000
      2,000 SF

      1260 Smith Court

      2,000 sq ft office in prime Rocky River location.
      1260 Smith Court , Rocky River, OH 44116, Rocky River, OH 44116
      View Details
    • $390,000
      2,000 SF

      1260 Smith Court

      2,000 sq ft office in prime Rocky River location.
      1260 Smith Court , Rocky River, OH 44116, Rocky River, OH 44116
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot with picturesque views, ideal for custom home.
    Where is this residential land & home lot located?
    The property is located at Riverdale Drive Rocky River, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime vacant lot in the Cleveland Yacht Club Basin neighborhood.; Picturesque views of the Rocky River, Cleveland Yacht Club, and Cleveland Skyline.; Ideal for developers or custom home builders.
    (440) 234-5005
    We can help!
    Listing Contact
    Tricia Gladish
    Tricia Gladish
    Real Estate License ID: 2013002785
    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
    Riverdale Drive, Rocky River, OH 44116
    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!