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    9425 W Ridge Rd Elyria, OH 44035

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    For Sale
    $1,950,000

    Owner-operated self-storage and industrial property with value-add opportunities.

    Property size:
    21,960 SF
    Lot size:
    3.50 Acres

    Property Features for 9425 W Ridge Rd

    General Information

    Size
    21,960 SF
    Lot size
    3.50 Acres

    Source: SkyView Advisors Agent Scott Schoettlin

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

    Overview

    Elyria Self-Storage and Industrial Property

    This property, located in Elyria, OH, is an owner-operated site offering a variety of management value-add opportunities, including the implementation of a Tenant Insurance (TI) program. The property has demonstrated strong recent performance. Since August 2023, physical occupancy has grown by 4%, economic occupancy has grown by 8.7%, and the effective rate has grown by 8.5%. The property is suitable for self-storage and industrial purposes and comprises 21,960 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Ridge Mini ... Self-Storage Facility

    Suggested Use

    Realty agency Restaurant Building Supply Pharmacy Wholesale Shop Accounting Firm Bar & Pub Electrical Service Storage Facility Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1553049
    Latitude
    41.3534963

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    FAQs

    What type of property is this?
    Self storage facility - Owner-operated self-storage and industrial property with value-add opportunities.
    Where is this self storage facility located?
    The property is located at 9425 W Ridge Rd Elyria, OH.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Strong Recent Performance: See significant growth in physical occupancy (4%), economic occupancy (8.7%), and effective rate (8.5%) since August 2023.; - Owner Operated Site: Presents opportunities for hands-on management.; - Variety of Management Value Add Opportunities: Potential to increase property value through improved management strategies.
    (813) 829-1248
    Request Owner's contact information
    9425 W Ridge Rd 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
    9425 W Ridge Rd Elyria, OH 44035
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