Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1813 Nagel Rd Avon, OH 44011

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1813 Nagel Rd Avon, OH 44011

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mercy Health - Avon Primary and Specialty Care / Medical Clinic
    • Artnetta Vines-Re/Max Crossroads Properties / Real Estate Agency
    • Dr. Jose E. Mendoza III, MD / Physician
    • RE/MAX Crossroads Avon / Real Estate Agency
    • Patel Dhruv MD / Physician / Medical Clinic

    Property Details for 1813 Nagel Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.29-acre commercial land parcel presents a unique investment opportunity in Avon, Ohio's rapidly expanding retail sector. Situated in Lorain County, this single-tenant property boasts a prime location at the I-90 and Nagel Road exit, a burgeoning retail corridor experiencing significant growth. The site is zoned for commercial use and is ideally suited for a variety of retail developments. Its strategic placement directly across from a recently opened Meijer store ensures high visibility and convenient access for potential customers. Avon's status as the fastest-growing suburb along the I-90 corridor further underscores the exceptional potential of this land. The property is offered as a ground lease, providing a flexible and attractive option for developers seeking to capitalize on the area's robust economic expansion. This is a rare chance to secure a prominent location in a thriving market, poised for continued success and significant return on investment. The 1.29-acre lot size offers ample space for a substantial retail development, catering to the growing needs of the community. This property represents a compelling opportunity for investors seeking exposure to a dynamic and high-demand retail market.

    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
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9878
    Latitude
    41.4604

    Comparable in this City

    • Value Estimation by Request
      204,167 SF

      Nagel Rd

      Land • 204,167 SF
      0 Nagel Rd, Avon, OH 44011
      View Details
    • Value Estimation by Request

      35880 Detroit Rd

      Power centers
      35880 Detroit Rd, Avon, OH 44011
      View Details
    • Value Estimation
      $7,660,000
      103,358 SF

      1301 Ctr Rd

      DEPARTMENT STORE • 103,358 SF
      1301 Ctr Rd, Avon, OH 44011-1211
      View Details
    • Value Estimation
      $4,925,000
      56,156 SF

      35660 Chester Rd

      DEPARTMENT STORE • 56,156 SF
      35660 Chester Rd, Avon, OH 44011-1216
      View Details
    • Value Estimation by Request
      4,284 SF

      35425 Chester Rd

      Retail properties & Spaces • 4,284 SF
      35425 Chester Rd, Avon, OH 44011
      View Details
    • Value Estimation by Request

      Avon Oh

      Individual retail properties
      0 Avon Oh, Avon, OH 44011
      View Details

    Similar Nearby for Sale

    • $19,840,000
      60,000 SF

      Avon, OH Dick's Sporting Goods Investment

      60,000 SF Retail Investment Opportunity
      35521 Chester Rd, Avon, OH 44011
      View Details
    • $1,250,000
      0.39 Acres

      Historic Avon Restaurant/Bar Opportunity

      Established restaurant/bar location with long-term tenant in place.
      36816 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2295 Nagel Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Land in Rapidly Expanding Suburb

      Land with easy access to I-90, airport, and Lake Erie.
      Recreation Ln, Avon, OH 44011
      View Details
    • Contact for pricing

      23 Acres of Land

      23 acres of land available for sale.
      34600 Chester Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Avon Land Parcel For Sale

      125 acre land parcel available in Avon, Ohio.
      Just Imagine Dr, Avon, OH 44011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Landmark Restaurant in French Creek

      Historic restaurant space available for lease in Avon, Ohio.
      36976 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Five Acres Available for Development

      Five acres of land available for lease in Avon, Ohio.
      5 Acres Available For Development, Avon, OH 44011
      View Details
    • Contact for pricing

      Prime Retail Space in Avon

      Retail space available in high-traffic Avon location.
      36053 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Retail/Office Space on Center Road

      End-cap unit in high-visibility Avon commercial district.
      2100 Center Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Avon Land for Lease

      2.24 acres of divisible land available for ground lease.
      1200 Center Rd, Avon, OH 44011
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land available for lease, build-to-suit or ground lease.
      35701 Chester Rd, Avon, OH 44011
      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.
    1813 Nagel Rd
    Avon, OH 44011
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!