Versatile Freestanding Commercial
14006 W Lake Road, Vermilion, OH 44089
SINGLE_FAMILY - Vermilion, OH
Type:Office
Property size:
3,830 SFLot size:
1.38 AcresPrice / SF:
$207/SF- Added:
- Feb 24, 2026
- Days on Market:
- 87
- Last Refresh:
- May 22 at 2:06 am
Property Features for 14006 W Lake Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 1201389001
- Size
- 3,830 SF
- 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
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.
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.
- Features multiple rooms, laundry room, kitchenette, abundant built‑in cabinetry, and extensive plumbing.
- Well‑maintained landscaping and rear patio with French doors.
- Suitable for salon/salon suites, wellness offices, restaurant/bar conversion, assisted living, professional office, or other service‑oriented uses.
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$770.5K
NOI $69,347 @ 9.00% cap · cautious / downside scenario
Moderate
$990.7K
NOI $69,347 @ 7.00% cap · market / base-case scenario
Aggressive
$1.39M
NOI $69,347 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.4k | $27.00 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $99.1k | $25.87 |
| − OpEx | −$29.7k | −$7.76 |
| NOI | $69.3k | $18.11 |
3,830 SF · lease $27.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$990.7K
$866.8K – $1.16M
NOI $69,347 @ 7.0% cap · market cap 8.72%
Second Best
Office B
$678.7K
$593.9K – $791.8K
NOI $47,510 @ 7.0% cap · market cap 5.98%
Theoretical Best
Multifamily LT 5
$42.15M
$36.88M – $49.17M
NOI $2,950,412 @ 7.0% cap · market cap 371.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Above & Beyond Salon
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Vermilion
- County
- Erie
- State
- Ohio
- Longitude
- -82.380881
- Latitude
- 41.416228
Nearby Similar for Sale
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 Road 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.
