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    914 Cleveland St Elyria, OH 44035

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    For Sale
    $1,697,000

    Retail property with absolute NNN lease and attractive rental increases.

    Property size:
    6,600 SF
    Lot size:
    1.04 Acres

    Property Features for 914 Cleveland St

    General Information

    Size
    6,600 SF
    Lot size
    1.04 Acres

    Source: Matthews Real Estate Investment Services | Fort Lauderdale Agent Alexander Machado

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

    Overview

    Elyria Retail Investment Opportunity

    This retail property, situated on a +1.02-acre parcel, presents a high-yielding investment opportunity with a Year-1 in-place cap rate of 9.00%. The absolute NNN lease structure requires zero landlord responsibilities, making it suitable for passive investors. The lease includes 3.00% annual rent escalations, providing a hedge against inflation and long-term income growth. Approximately 50+ parking spaces are available, offering convenient access for customers and supporting the tenant’s ability to accommodate a high volume of traffic. The property offers strong long-term real estate value and future redevelopment potential. The building has a property size of 6,600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Our Lady Of The Wayside ... Non-Profit Organization Nirvana Center - Elyria ... Cannabis Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.070214
    Latitude
    41.379992

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    FAQs

    What type of property is this?
    Retail space - Retail property with absolute NNN lease and attractive rental increases.
    Where is this retail space located?
    The property is located at 914 Cleveland St Elyria, OH.
    What is the asking price?
    The asking price for this property is $1,697,000.
    What are key features of this property?
    This property features: - High-Yielding Investment: Enjoy a 9.00% Year-1 in-place cap rate.; - Absolute NNN Lease: Experience zero landlord responsibilities for truly passive income.; - Attractive Rental Increase: Benefit from 3.00% annual rent escalations.
    (305) 905-3215
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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
    914 Cleveland St Elyria, OH 44035
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