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    40980 Butternut Park Ct Elyria, OH 44035

    For Sale
    $345,900

    take advantage of the apartment rental possibilities

    Property size:
    1,260 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    or launch your next business venture in a prime location

    Property Features for 40980 Butternut Park Ct

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,260 SF
    Lot Size
    33,106 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Department Store Kitchen & Bath Storage Facility Daycare Center Nursing Home Assisted Living Facility Senior Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.11813
    Latitude
    41.31543

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    FAQs

    What type of property is this?
    Commercial real estate - take advantage of the apartment rental possibilities
    Where is this commercial real estate located?
    The property is located at 40980 Butternut Park Ct Elyria, OH.
    What is the asking price?
    The asking price for this property is $345,900.
    (440) 327-2123
    Request Owner's contact information
    40980 Butternut Park Ct Elyria, OH 44035
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    Elyria, OH 44035
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    Realmo Value Estimation

    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.

    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.

    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
    40980 Butternut Park Ct Elyria, OH 44035
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