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    3337 Lake Rd W Ashtabula, OH 44004
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    3337 Lake Rd W Ashtabula, OH 44004

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    • Waterfront Land
    For Sale
    $1,200,000
    View Listing →
    Lake Erie Frontage Land For Sale
    $1,200,000
    8.77 Acres

    Lake Erie Frontage Land

    Developable land with private shoreline near Ashtabula Harbor District.

    3337 Lake Road W, Ashtabula, OH 44004
    View Listing
    Property ID
    US66-2712532
    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

    • Waterfront Land

    Property Details for 3337 Lake Rd W

    Property type
    Waterfront Land
    Property subtype
    Residential land & home lots

    Description

    A TRULY UNIQUE OPPORTUNITY ready for development with just under 9 acres of Lake Erie front property. With nearly 500 feet of frontage on OH-531, this site offers mostly flat, wooded land beginning at the road and ending with breathtaking, dramatic views of Lake Erie from the top of the bank. Over 900 feet of Lake Erie shoreline which is comprised of a secluded and picturesque beach spanning nearly the entire lake frontage. Many possibilities and so much potential are awaiting your vision and development expertise, including residential single family, condos, residential multifamily, mixed use, resorts, short term vacation rentals, and more (subject to local zoning and codes). Perfectly located among multiple other local attractions and being just 5 minutes from Historic Ashtabula Harbor

    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
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.8314701
    Latitude
    41.8916097

    Comparable in this City

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      Ashtabula Industrial Land for Sale

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      26,070 SF

      Ashtabula Commercial Land Opportunity

      Prime commercial land in Ashtabula with high visibility.
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    • $1,200,000
      8.77 Acres

      Lake Erie Frontage Land

      Developable land with private shoreline near Ashtabula Harbor District.
      3337 Lake Rd W, Ashtabula, OH 44004
      View Details
    • $350,900

      Commercial Land on Eureka Road

      Commercial land available behind Enterprise Rent a Car.
      3038 Eureka Rd, Ashtabula, OH 44004
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    Similar Nearby for Sale

    • Contact for pricing
      0.98 Acres

      Corner Lot on N Ridge

      Nearly an acre with commercial and residential potential in Ashtabula.
      North Rdg Usr 20 Rd, Ashtabula, OH 44004
      View Details
    • $71,070

      Ashtabula Industrial Land for Sale

      Prime industrial land ready for development in Ashtabula, Ohio.
      4741 Kister Ct, Ashtabula, OH 44004
      View Details
    • $48,510

      Prime Industrial Land For Sale

      Industrial land ready for development with flexible parcel options.
      4744 Kister Ct, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      26,070 SF

      Ashtabula Commercial Land Opportunity

      Prime commercial land in Ashtabula with high visibility.
      4420 Main St, Ashtabula, OH 44004
      View Details
    • $1,200,000
      8.77 Acres

      Lake Erie Frontage Land

      Developable land with private shoreline near Ashtabula Harbor District.
      3337 Lake Rd W, Ashtabula, OH 44004
      View Details
    • $350,900

      Commercial Land on Eureka Road

      Commercial land available behind Enterprise Rent a Car.
      3038 Eureka Rd, Ashtabula, OH 44004
      View Details

    Similar Nearby for Lease

    • 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
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      6,183 SF

      Retail Space in Home Depot Plaza

      Retail space for lease in Ashtabula County, Ohio.
      3200 Market Place Dr, Ashtabula, OH 44004
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      1,900 SF

      Retail Spaces Available for Lease

      Multiple retail units available for lease in a shopping center.
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    • $24,520
      95,963 SF

      Ashtabula Retail Space Available

      Commercial space for lease in high-traffic Ashtabula location.
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    • Contact for pricing

      Prime Retail Location in Ashtabula

      Retail space in a vibrant Ashtabula commercial area.
      1818 W Prospect Rd, Ashtabula, OH 44004
      View Details
    • Contact for pricing
      3,350 SF

      Retail/Medical Space in Plaza East

      Turn-key retail and medical spaces available in busy Ashtabula.
      2825-2893 N Ridge Rd, Ashtabula, OH 44004
      View Details
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    Ashtabula, OH 44004
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    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
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