Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Brown Rd Ashtabula, OH 44004
    Property profile & analytics

    Brown Rd, Ashtabula, OH 44004

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

    Current Use by Public Records

    • Land

    Property Details for 0 Brown Rd

    Lot size
    25.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 25-acre property in Ashtabula County, Ohio, presents a unique investment opportunity. Located on Brown Road in Plymouth Township, this parcel boasts approximately 316 feet of road frontage and is conveniently situated adjacent to the Old Farm Road Development. The property's APN is 420150003300. Priced at $112,500 ($4,500/acre), it offers significant potential for various uses, including residential development or agricultural pursuits. Its strategic location provides easy access to the Northeast Ohio Regional Airport. A key advantage is the inclusion of mineral rights with the sale. The entire lot is completely wooded, offering a tranquil setting with potential for future clearing and development. This versatile land parcel is ideal for investors seeking a prime location with diverse development possibilities in a rapidly growing area. The property's zoning and potential uses should be verified independently. The zip code is 44004.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7146
    Latitude
    41.8168

    Comparable in this City

    • Value Estimation by Request
      139.00 Acres

      SR 45 Center Rd

      Farms
      SR 45 Center Rd, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request
      52.36 Acres

      38Th St

      Land
      0 38Th St, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request

      3337 Lake Rd

      Multifamily properties
      3337 Lake Rd, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request
      63.00 Acres

      Vl Carpenter Rd

      Land
      0 Vl Carpenter Rd, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request
      4.95 Acres

      4940 Carpenter Rd

      Land
      4940 Carpenter Rd, Ashtabula, OH 44004
      View Details
    • Value Estimation by Request
      37.72 Acres

      Ridge Rd

      Land
      0 Ridge Rd, Ashtabula, OH 44004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      139 Acres of Land Available

      139 acres of land for sale in Ashtabula, OH.
      SR 45 Center Rd, Ashtabula, OH 44004
      View Details
    • $169,900
      0.39 Acres

      Ashtabula Triplex: Investment Opportunity

      Income-producing triplex with tenants in place in Ashtabula, Ohio.
      3829 Lake Ave, Ashtabula, OH 44004
      View Details
    • $144,000
      1,727 SF

      Ashtabula Duplex: Investor Opportunity

      Income-producing duplex with upside potential in a convenient location.
      3835 Lake Ave, Ashtabula, OH 44004
      View Details
    • New
      $114,900
      1,926 SF

      Ashtabula Duplex with Separate Utilities

      Up-and-down duplex with separate utilities and recent updates.
      4826 Cornell Ave, Ashtabula, OH 44004
      View Details
    • Contact for pricing

      Ashtabula Industrial Land for Sale

      Prime industrial land ready for development in Ashtabula, Ohio.
      4741 Kister Ct, Ashtabula, OH 44004
      View Details
    • Contact for pricing

      Prime Industrial Land For Sale

      Industrial land ready for development with flexible parcel options.
      4744 Kister Ct, Ashtabula, OH 44004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Ashtabula Commercial Land

      0.2-Acre Commercial Lot For Lease
      1144 Prospect Rd, Ashtabula, OH 44004
      View Details
    • Contact for pricing

      Lake Erie Dock Port Facility

      Industrial land with development opportunities ranging from 1 to 55 acres.
      1149 E 5Th St, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      1,900 SF

      Retail Spaces Available for Lease

      Multiple retail units available for lease in a shopping center.
      2400-2530 W Prospect Rd, Ashtabula, OH 44004
      View Details
    • $24,520
      95,963 SF

      Ashtabula Retail Space Available

      Commercial space for lease in high-traffic Ashtabula location.
      3315 N Ridge Rd, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      6,183 SF

      Retail Space in Home Depot Plaza

      Retail space for lease in Ashtabula County, Ohio.
      3200 Market Place Dr, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      12,375 SF

      Retail Space Near Ashtabula Mall

      Retail space available near Ashtabula Towne Center Mall.
      3410 N Rdg Usr 20 Rd, Ashtabula, OH 44004
      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.
    Brown Rd
    Ashtabula, OH 44004
    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
    Brown Rd, Ashtabula, OH, 44004
    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!