14006 W Lake Road Vermilion, OH 44089
SINGLE_FAMILY - Vermilion, OH
Property Features for 14006 W Lake Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 1201389001
- Lot size
- 1.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2-28 S OF RD BETW RD & RR 1.3828A
- Tax Annual Amount
- 2987
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1988
- Roof type
- Fiberglass, Asphalt
Listing agent Susan C Sasseville License #2002019045 (440) 317-0422
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Feb 24, 2026
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Investment Insights
Based on property information with market context.
Recent and major improvements include connection to city sewer, along with four furnace units, two hot water tanks, new electrical subpanels, well-maintained landscaping, and a roof approximately 15 years old. Additional amenities include ample on-site parking and a storage shed to support day-to-day operations.
With its existing infrastructure and room configuration, the building is designed to accommodate a range of service- and office-oriented uses requiring built-in spaces and heavy plumbing access.
Key Highlights
- 3,830 SF freestanding commercial building with flexible layout suitable for various uses.
- Major capital improvement: connection to city sewer (estimated $100,000 upgrade).
- Ample on‑site parking and storage shed.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.3k | $21.48 |
| − Vacancy | −$18.9k | −$4.94 |
| EGI | $63.3k | $16.54 |
| − OpEx | −$15.8k | −$4.13 |
| NOI | $47.5k | $12.40 |
