Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vl Harpersfield Rd Geneva, OH 44041
    Back to Search
    Property profile & analytics

    Vl Harpersfield Rd Geneva, OH 44041

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

    Current Use by Public Records

    • Land

    Property Details for 0 Vl Harpersfield Rd

    Lot size
    5.04 lot acres
    Property type
    Land

    Description

    This exceptional 5.04-acre commercial lot is situated in Geneva, Ohio, Ashtabula County (APN 220080004801), offering a remarkable investment opportunity. Zoned for Accommodation Commercial use, this property presents considerable flexibility for a wide range of commercial developments. The land is located on VL Harpersfield Rd, zip code 44041, and benefits from its strategic position near the Route 90 exit, a major east-west corridor experiencing significant growth. This growth is largely fueled by the burgeoning Spire Institute, a world-class athletic facility attracting substantial tourism and driving development of supporting businesses, including a new hotel and Starbucks. The area already boasts a strong commercial presence with established businesses such as McDonald's and Wendy's, and soon a local franchise and PizzaRoto. Further enhancing the area's appeal is the thriving Grand River Valley Wine Region, a year-round tourist destination with over 19 wineries and distilleries. The asking price for this exceptional property is $345,000, translating to $79,736 per acre. This represents a compelling investment in a dynamic and rapidly expanding market. The property's location and zoning make it an attractive prospect for developers seeking to capitalize on the area's robust growth trajectory.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9466
    Latitude
    41.7668

    Comparable in this City

    • Value Estimation by Request
      1,820 SF

      56 Broadway Rd

      Land • 1,820 SF
      56 Broadway Rd, Geneva, OH 44041
      View Details
    • Value Estimation by Request

      Keyes Dr

      Land
      0 Keyes Dr, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      2.72 Acres

      1640 Oh-534

      Retail properties & Spaces • 2,871 SF
      1640 Oh-534, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      6.89 Acres

      834 Clyde Hl Rd

      Land • 6,992 SF
      834 Clyde Hl Rd, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      9.29 Acres

      Eagle St

      Land • 9.29 Acres
      0 Eagle St, Geneva, OH 44041
      View Details
    • Value Estimation by Request
      0.41 Acres

      Broadway

      COMMERCIAL (GENERAL) • 0.41 Acres
      Broadway, Geneva, OH 44041
      View Details

    Similar Nearby for Sale

    • $325,440

      Land on Austin Road

      Land available on Austin Road and E Maple.
      3583 Austin Rd, Geneva, OH 44041
      View Details
    • Contact for pricing
      0.44 Acres

      Land Available in Geneva, Ohio

      Land for sale in Geneva, Ohio with 0.441 acres.
      5323 N Riv State Rd 307, Geneva, OH 44041
      View Details
    • $325,440
      18.02 Acres

      Geneva, OH Commercial Land

      Two adjacent wooded commercial lots totaling approximately 18 acres.
      3583 Austin Rd, Geneva, OH 44041
      View Details
    • $255,000
      38.35 Acres

      38+ Acres Commercial Development Opportunity

      Exceptional commercial land with high visibility and versatile development possibilities.
      9580 North Ridge Rd, Geneva, OH 44041
      View Details
    • Contact for pricing

      Industrial Land Near Downtown Geneva

      4.61 acre industrial land parcel near downtown Geneva.
      101 Pleasant Ave, Geneva, OH 44041
      View Details
    • Contact for pricing

      Commercial Land Near Spire Institute

      7.3 acre commercial parcel near I-90 and Spire Institute.
      Geneva, OH 44041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,200 SF

      Retail Development Near SPIRE Institute

      Proposed retail development near I-90 and SPIRE Institute.
      Geneva, OH 44041
      View Details
    • $5 SF/Yr
      7,362 SF

      Historic Downtown Office Space Available

      Office space with grand architecture, high ceilings, and elevator access.
      17 W Main St, Geneva, OH 44041
      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.
    Vl Harpersfield Rd
    Geneva, OH 44041
    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
    Vl Harpersfield Rd, Geneva, OH, 44041
    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!