Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14006 W Lake Rd Vermilion, OH 44089

    Sponsored
    For Sale
    $795,000

    SINGLE_FAMILY - Vermilion, OH

    Type:Office
    Property size:
    3,830 SF
    Lot size:
    1.38 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 24 at 8:06 pm

    Property Features for 14006 W Lake Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    APN
    1201389001
    Size
    3,830 SF
    Lot size
    1.38 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1988
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Susan C Sasseville
    Susan C Sasseville

    EXP Realty (866) 212-4991

    Listing agent Susan C Sasseville (440) 317-0422 License #2002019045

    Listing date Feb 24, 2026

    MLS# 5180780

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Freestanding Commercial Building

    This 3,830 SF freestanding commercial building, formerly a beauty salon, features a flexible layout suitable for a variety of uses. The property includes 3,013 SF on the first floor and 814 SF on the second floor. Interior features include multiple rooms, a laundry room, a kitchenette, and abundant built-in cabinetry, along with extensive plumbing. A significant upgrade is the connection to city sewer, representing an estimated $100,000 investment. Additional improvements include four furnace units, two hot water tanks, new electrical subpanels, well-maintained landscaping, tile flooring, French doors leading to a rear patio, and a roof approximately 15 years old. The property also offers ample on-site parking and a storage shed. The 1.383-acre lot is located in Vermilion, Ohio. With its existing infrastructure and room configuration, the building is well suited for salon or salon suites, wellness offices, restaurant, brewery, or wine bar conversion, assisted living or adult day care, professional office, or other service-oriented uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Above & Beyond Salon Hair Salon

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vermilion
    County
    Erie
    State
    Ohio
    Longitude
    -82.380881
    Latitude
    41.416228

    Nearby Similar for Sale

    • $295,000
      0.48 Acres

      Vermilion Commercial Property For Sale

      High-visibility commercial building in Vermilion with open layout and parking.
      4510 Liberty Ave, Vermilion, OH 44089
      View Details
    • Contact for pricing
      2,790 SF

      Vermilion Shores Lakefront Condo

      Two-story end unit with panoramic Lake Erie views and amenities.
      3048 Whispering Shores Dr, Vermilion, OH 44089
      View Details
    • Contact for pricing
      22,510 SF

      Vermilion Automotive Buildings For Sale

      Two buildings totaling 26,360 SF available in Vermilion, OH.
      4545 Liberty Ave, Vermilion, OH 44089
      View Details
    • Contact for pricing
      25,000 SF

      Retail Property Near New Development

      NNN lease property adjacent to a 700-home development.
      2901 Liberty Ave, Vermilion, OH 44089
      View Details
    • Contact for pricing
      5,940 SF

      Vermilion Mixed-Use Investment Opportunity

      Fully leased mixed-use building in Vermilion's Historic Downtown District.
      628 Main St, Vermilion, OH 44089
      View Details
    • $325,000
      5,200 SF

      Vermilion Office Building - Great Location

      Prime Office Space, High Visibility, Two Tenants
      5425 Liberty Ave, Vermilion, OH 44089
      View Details
    • $2,250,000
      25,000 SF

      Vermilion Retail Investment Opportunity

      High-Yield Grocery/Pharmacy Complex
      2901 Liberty Ave, Vermilion, OH 44089
      View Details
    • $450,000
      3,788 SF

      Vermilion Freestanding Drive-Thru Restaurant

      3,788 SF freestanding building with drive-thru on 0.65 acres.
      4400 Liberty Ave, Vermilion, OH 44089
      View Details
    • $325,000
      5,200 SF

      Vermilion Office Building - Great Location

      Prime Office Space, High Visibility, Updated
      5425 Liberty Ave, Vermilion, OH 44089
      View Details

    FAQs

    What type of property is this?
    Office building - 3,830 SF commercial building suitable for various business uses.
    Where is this office building located?
    The property is located at 14006 W Lake Rd Vermilion, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - 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.
    (440) 317-0422
    Request Owner's contact information
    14006 W Lake Rd Vermilion, OH 44089
    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.
    14006 W Lake Rd
    Vermilion, OH 44089
    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
    14006 W Lake Rd Vermilion, OH 44089
    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

    We can help!
    Listing Contact
    Susan C Sasseville
    Susan C Sasseville
    Real Estate License ID: 2002019045
    (440) 317-0422 (440) 892-2211
    Learn more
    Google sign-in failed. Please try again or use another login method.