Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ravenna Rd Chagrin Falls, OH 44023
    Property profile & analytics

    Ravenna Rd, Chagrin Falls, OH 44023

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ravenna Rd

    Property type
    Land

    Description

    This exceptional 4.05-acre parcel presents a remarkable opportunity for commercial development in Geauga County. Strategically located, the property boasts significant frontage on two major thoroughfares: Route 44 (160+ feet) and Route 422 (722+ feet), ensuring high visibility and accessibility for any business. The B-3 zoning allows for a wide range of retail and motorist services, making it ideal for a variety of commercial ventures. The property's significant size provides ample space for development, accommodating substantial building footprints or expansive parking areas. Furthermore, the availability of public sewer simplifies the development process, reducing infrastructure costs and expediting project timelines. This prime location, combined with its zoning and accessibility, makes this land a highly attractive investment for developers seeking a high-impact commercial project. The property's Assessed Parcel Number (APN) is 01-011720. The land is designated for single tenancy. This is a rare opportunity to acquire a substantial commercial lot in a desirable location with excellent access and visibility. Don't miss out on this chance to secure a prime piece of Geauga County real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chagrin Falls
    County
    Geauga
    State
    Ohio
    Longitude
    -81.2166
    Latitude
    41.3858

    Comparable in this City

    • Value Estimation by Request
      6.44 Acres

      17934 Ravenna Rd

      Restaurants
      17934 Ravenna Rd, Chagrin Falls, OH 44023
      View Details
    • Value Estimation by Request
      5.00 Acres

      17094-17092 Munn Rd

      Land
      17094-17092 Munn Rd, Chagrin Falls, OH 44023
      View Details
    • Value Estimation by Request
      1.01 Acres

      Rt 422

      VACANT COMMERCIAL LAND
      Rt 422, Chagrin Falls, OH 44023
      View Details
    • Value Estimation by Request
      0.96 Acres

      Rt 422

      VACANT COMMERCIAL LAND
      Rt 422, Chagrin Falls, OH 44023
      View Details
    • Value Estimation by Request
      3.61 Acres

      Rt 422

      VACANT COMMERCIAL LAND
      Rt 422, Chagrin Falls, OH 44023
      View Details
    • Value Estimation by Request
      16.88 Acres

      Rt 422

      VACANT COMMERCIAL LAND
      Rt 422, Chagrin Falls, OH 44023
      View Details

    Similar Nearby for Sale

    • $149,990

      Land at Auburn and Bartholomew

      Corner lot land available in Chagrin Falls, Ohio.
      1 Bartholomew Rd, Chagrin Falls, OH 44023
      View Details
    • $320,000
      8.80 Acres

      8.8 Acre Wooded Lot

      8.8 acre wooded lot with road frontage in Chagrin Falls.
      Stafford Rd, Chagrin Falls, OH 44023
      View Details
    • $149,990

      Land For Sale

      Land available for sale in Chagrin Falls, Ohio.
      2 Bartholomew Rd, Chagrin Falls, OH 44023
      View Details
    • $550,000
      Pending

      16 Acre Wooded Homesite Opportunity

      Private 16-acre wooded lot near Chagrin Falls.
      Haskins Rd, Chagrin Falls, OH 44023
      View Details
    • $149,990
      3.20 Acres

      Vacant Land in Chagrin Falls

      3.2 acre vacant lot ready for your dream home.
      2 Bartholomew Rd, Chagrin Falls, OH 44023
      View Details
    • $219,900
      Pending

      21 Acre Wooded Lot

      Expansive 21 acre wooded lot in Kenston School District.
      16677 Messenger Rd, Chagrin Falls, OH 44023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land with Frontage on Routes

      Commercial land for rent with frontage on two routes.
      422 Ravenna Rd, Chagrin Falls, OH 44023
      View Details
    • Contact for pricing
      4,308 SF

      Office Building Near I-422 Exit

      Two-story office building conveniently located off I-422 Chillicothe Road exit.
      17747 Chillicothe Rd, Bainbridge, OH 44023
      View Details
    • Contact for pricing
      1,770 SF

      Retail/Office Space in Chagrin Falls

      1,770 SF retail/office space in desirable Chagrin Falls neighborhood.
      8303-8315 E Washington St, Chagrin Falls, OH 44023
      View Details
    • Contact for pricing
      3,080 SF

      Retail Space in Chagrin Falls

      Retail and medical spaces available in Giant Eagle-anchored shopping center.
      8535-8560 Tanglewood Sq, Chagrin Falls, OH 44023
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Available in Chagrin

      Retail spaces available next to Ace Hardware and Aladdin's.
      16765 Chillicothe Rd, Chagrin Falls, OH 44023
      View Details
    • Contact for pricing

      Industrial Space with Dock Access

      Industrial property featuring dock access and drive-in door.
      16855 Park Circle Dr, Chagrin Falls, OH 44023
      View Details
    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.
    Ravenna Rd
    Chagrin Falls, OH 44023
    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
    Ravenna Rd, Chagrin Falls, OH, 44023
    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!