7425-7405 Industrial Parkway Dr Lorain, OH 44053
Two industrial buildings totaling 73,360 SF on 11.01 acres.
Property Features for 7425-7405 Industrial Parkway Dr
General Information
- Standard status
- Active
- Size
- 73,360 SF
- Lot size
- 11.01 Acres
- Property subtype
- industrial
Listing office Cleveland (216) 937-4377
Listing date Apr 15, 2026
Source Property.jll
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cleveland
Investment Insights
Based on property information with market context.
Key Highlights
- Two industrial buildings totaling 73,360 SF on 11.01 acres zoned I‑2 Heavy Industrial.
- Excellent highway access, only 0.7 miles from Route 2 and close to I‑90 & I‑80.
- Fenced and lit yard/parking lot with ample outdoor storage space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $411.5k | $5.61 |
| − Vacancy | −$15.6k | −$0.21 |
| EGI | $395.9k | $5.40 |
| − OpEx | −$59.4k | −$0.81 |
| NOI | $336.5k | $4.59 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Lorain Baumhart Storage — 6201 Baumhart Rd, Lorain, OH 44053
- Storage Rak — 7451 Terminal Dr, Lorain, OH 44053
- Baumhart Road Self Storage — 6299 Baumhart Rd, Lorain, OH 44053