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    26614 Lorain Rd North Olmsted, OH 44070

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    For Sale
    $3,600,000

    Fully occupied retail property with staggered lease expirations.

    Property size:
    12,232 SF
    Lot size:
    1.29 Acres

    Property Features for 26614 Lorain Rd

    General Information

    Size
    12,232 SF
    Lot size
    1.29 Acres

    Source: Cresco Real Estate | Cleveland Agent Rico A. Pietro, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Diverse Tenants

    This retail property is currently 100% occupied with a diverse tenant mix. The property benefits from low operational costs due to its NNN lease structure. Staggered lease expirations reduce vacancy risk and enhance tenant retention. The property contains 12,232 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Water Tower Square, Sunglass Hut at Macy's, Great Northern Plazas, Passage To Elegance, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9166286
    Latitude
    41.4189226

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      Converted Home for Office/Retail

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      Established Touchless Carwash on Lorain

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      North Olmsted Office Building For Sale

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail property with staggered lease expirations.
    Where is this shopping center located?
    The property is located at 26614 Lorain Rd North Olmsted, OH.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - 100% occupancy with a diverse Tenant mix.; - Strategic location positions the property for long-term value appreciation.; - Low operational costs due to the NNN lease structure.
    (216) 520-1200
    Request Owner's contact information
    26614 Lorain Rd North Olmsted, OH 44070
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    North Olmsted, OH 44070
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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
    26614 Lorain Rd North Olmsted, OH 44070
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