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    35130 Chester Rd Avon, OH 44011

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    35130 Chester Rd Avon, OH 44011

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    • Commercial real estate
    • 1.00 lot acres
    For Sale
    View Listing →
    16.88 AC Development Opportunity For Sale
    Contact for pricing
    16.88 Acres

    16.88 AC Development Opportunity

    16.88 AC development opportunity in premier growth corridor.

    35130 Chester Rd, Avon, OH
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    Property ID
    US66-5183464
    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 35130 Chester Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    Avon Corner presents a remarkable opportunity for commercial and industrial development. This exceptional 16.88-acre site, located at 35130 Chester Rd in Avon, Ohio (44011), offers unparalleled visibility and accessibility. Situated on a hard corner at a signalized intersection, this property boasts prime location within Lorain County, specifically in westside Cleveland's premier growth corridor, strategically positioned between two interchanges. The land is divisible, providing flexibility for various development projects. Its "shovel-ready" status ensures a streamlined development process, minimizing delays and maximizing return on investment. The flexible zoning overlay allows for a wide range of commercial and industrial uses, catering to diverse development needs. This exceptional property presents a unique chance to capitalize on the thriving commercial landscape of Avon, Ohio, offering significant potential for long-term growth and profitability. The property's size and location make it ideal for a variety of projects, from large-scale industrial facilities to smaller commercial developments. Its strategic placement within a high-growth area guarantees strong potential for future appreciation. This is a truly exceptional opportunity for investors seeking a prime development site in a dynamic and rapidly expanding 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
    -81.999911826394
    Latitude
    41.467618059752

    Comparable in this City

    • Contact for pricing

      Highway Development Sites Off I-90

      Two highway development sites in expanding Avon corridor.
      Just Imagine Dr, Avon, OH 44011
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      Prime Commercial Land in Avon

      One-acre commercial land in a high-growth retail area.
      35519 Schneider Ct, Avon, OH 44011
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      Avon Development Land For Sale

      Development land with highway visibility near Interstate 90.
      38296 Colorado Ave, Avon, OH 44011
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      16.88 AC Development Opportunity

      16.88 AC development opportunity in premier growth corridor.
      35130 Chester Rd, Avon, OH 44011
      View Details
    • $1,950,000
      7 SF

      7.23 AC Highway Development Site

      Highway development site with utilities in growing retail market.
      38550 Chester Rd, Avon, OH 44011
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    • $549,000

      Commercial Land For Sale

      0.45 AC of land zoned for business and industrial use.
      33395 Just Imagine Dr, Avon, OH 44011
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    Similar Nearby for Sale

    • Contact for pricing

      Highway Development Sites Off I-90

      Two highway development sites in expanding Avon corridor.
      Just Imagine Dr, Avon, OH 44011
      View Details
    • Contact for pricing

      Prime Commercial Land in Avon

      One-acre commercial land in a high-growth retail area.
      35519 Schneider Ct, Avon, OH 44011
      View Details
    • Contact for pricing

      Avon Development Land For Sale

      Development land with highway visibility near Interstate 90.
      38296 Colorado Ave, Avon, OH 44011
      View Details
    • Contact for pricing

      16.88 AC Development Opportunity

      16.88 AC development opportunity in premier growth corridor.
      35130 Chester Rd, Avon, OH 44011
      View Details
    • $1,950,000
      7 SF

      7.23 AC Highway Development Site

      Highway development site with utilities in growing retail market.
      38550 Chester Rd, Avon, OH 44011
      View Details
    • $549,000

      Commercial Land For Sale

      0.45 AC of land zoned for business and industrial use.
      33395 Just Imagine Dr, Avon, OH 44011
      View Details

    Similar Nearby for Lease

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      Prime Retail Space in Avon

      Retail space available in high-traffic Avon location.
      36053 Detroit Rd, Avon, OH 44011
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      Five Acres Available for Development

      Five acres of land available for lease in Avon, Ohio.
      5 Acres Available For Development, Avon, OH 44011
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      Avon Land for Lease

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

      Development Opportunities in High-Growth Area

      Shovel-ready land for lease or build-to-suit near luxury auto dealerships.
      34455 Chester Rd, Avon, OH 44011
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    • Contact for pricing

      Land Opportunity Adjacent to Meijer

      Prime land available for lease in a high-income community.
      1884 Nagel Rd, Avon, OH 44011
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    Avon, OH 44011
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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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