Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1575 Cleveland Rd Sandusky, OH 44870

    Property Lookup

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

    1575 Cleveland Rd Sandusky, OH 44870

    View on Map
    • Commercial real estate
    • 2.55 lot acres
    Off-Market
    Property ID
    US66-1526758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1575 Cleveland Rd

    Lot size
    2.55 lot acres
    Property type
    Commercial real estate
    APN
    57-04500.000, 57-04104.000, 57-04104.001

    Description

    This 2.55-acre commercial land parcel in Sandusky, Ohio, is ideally situated near the entrance to Cedar Point amusement park, boasting over 300 feet of frontage on Cleveland Road. With an average daily traffic count of approximately 10,000 vehicles, this property offers exceptional visibility and access to a substantial tourist population. The site is zoned GB - General Business, allowing for a wide range of development opportunities. Its proximity to Cedar Point, which attracted nearly 27 million visitors in 2022, presents a unique chance to capitalize on the high summertime tourist traffic. The location is also convenient to downtown Sandusky and surrounded by numerous amenities, including hotels, water parks, restaurants, a bowling alley, and a sportsbook, further enhancing its appeal and potential for success. The property's APN is 57-04500.000, 57-04104.000, and 57-04104.001. The asking price is $645,000. This is an exceptional investment opportunity for developers seeking to tap into the vibrant tourism market of Sandusky, Ohio.

    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
    Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -82.68801000451
    Latitude
    41.442777086902

    Comparable in this City

    • Contact for pricing

      Route 250 Frontage Land Parcels

      Commercial land parcels with frontage on Route 250 available.
      4635 Milan Rd, Sandusky, OH 44870
      View Details
    • $109,900
      1.02 Acres

      Commercial Land in Perkins Township

      One acre commercial land with high visibility in Sandusky, OH.
      1200 E Perkins Ave, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Development Land Near Kalahari Resort

      Land for development near Kalahari Resort with utilities access.
      Us 250, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
      3700 Milan Rd, Sandusky, OH 44870
      View Details
    • $499,000

      Highway Exposure Vacant Land

      Vacant land in Quarry Lakes Business Park with highway exposure.
      Quarry Lakes Dr, Sandusky, OH 44870
      View Details
    • $1,915,550
      29.47 Acres

      Sandusky, OH: Industrial Development Land

      29+ acres of industrial-zoned land near major transportation routes.
      W Bogart Rd, Sandusky, OH 44870
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land Near Kalahari Resort

      Land for development near Kalahari Resort with utilities access.
      Us 250, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
      3700 Milan Rd, Sandusky, OH 44870
      View Details
    • $499,000

      Highway Exposure Vacant Land

      Vacant land in Quarry Lakes Business Park with highway exposure.
      Quarry Lakes Dr, Sandusky, OH 44870
      View Details
    • $1,915,550
      29.47 Acres

      Sandusky, OH: Industrial Development Land

      29+ acres of industrial-zoned land near major transportation routes.
      W Bogart Rd, Sandusky, OH 44870
      View Details
    • $450,000
      1.40 Acres

      Prime Corner Lot on Milan

      1.4 acre commercial lot in high-traffic Sandusky location.
      6200 Milan Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      1.88 acre commercial land near Sandusky Bay and Cedar Point.
      Sandusky, OH 44870
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Build-to-Suit Opportunity

      Proposed retail center with build-to-suit options available for lease.
      2501 E Perkins Ave, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Undeveloped Retail/Office Location For Rent

      Undeveloped retail/office location near BGSU/Falcon Point Lofts Apartments.
      246 E Market St, Sandusky, OH 44870
      View Details
    • $20,000 /Mo
      392,040 SF

      Sandusky Commercial Land Opportunity

      Prime Ohio land, highway visible, 1-9 acres.
      482 Crossings Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Sandusky Retail Outparcel Opportunity

      High-traffic location, 1-acre lot.
      3700 Milan Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Sandusky Commercial Space For Lease

      Commercial space suitable for medical, professional, or neighborhood services.
      1304 Hayes Ave, Sandusky, OH 44870
      View Details
    • $10 SF/Yr
      21,593 SF

      Retail Space in Sandusky, OH

      Retail space available in well-maintained shopping center.
      709 W Perkins Ave, Sandusky, OH 44870
      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.
    1575 Cleveland Rd
    Sandusky, OH 44870
    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!