Freestanding Commercial Building with
14006 W Lake Road Vermilion, OH 44089
For Sale
$795,000
SINGLE_FAMILY - Vermilion, OH
Property Size3,830 SF
Lot Size1.38 Acres
Price / SF$207.57
Days on Market152
Property Features for 14006 W Lake Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 1201389001
- Lot size
- 1.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2-28 S OF RD BETW RD & RR 1.3828A
- Tax Annual Amount
- 2987
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1988
- Roof type
- Fiberglass, Asphalt
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Susan C Sasseville · License #2002019045
(440) 317-0422
Added: Feb 24
Changed: Jul 11
Last Checked: Jul 26 at 8:06AM
MLS# 5180780
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding commercial building offers a flexible, highly improved layout with 3,013 SF on the first floor and 814 SF on the second floor. Interior features include multiple rooms, a laundry room, kitchenette, abundant built-in cabinetry, and extensive plumbing. The property also includes tile flooring and French doors leading to a rear patio.
Recent and major improvements include connection to city sewer, along with four furnace units, two hot water tanks, new electrical subpanels, well-maintained landscaping, and a roof approximately 15 years old. Additional amenities include ample on-site parking and a storage shed to support day-to-day operations.
With its existing infrastructure and room configuration, the building is designed to accommodate a range of service- and office-oriented uses requiring built-in spaces and heavy plumbing access.
Recent and major improvements include connection to city sewer, along with four furnace units, two hot water tanks, new electrical subpanels, well-maintained landscaping, and a roof approximately 15 years old. Additional amenities include ample on-site parking and a storage shed to support day-to-day operations.
With its existing infrastructure and room configuration, the building is designed to accommodate a range of service- and office-oriented uses requiring built-in spaces and heavy plumbing access.
Key Highlights
- 3,830 SF freestanding commercial building with flexible layout suitable for various uses.
- Major capital improvement: connection to city sewer (estimated $100,000 upgrade).
- Ample on‑site parking and storage shed.
Financial Insights For Office B
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 | $82.3k | $21.48 |
| − Vacancy | −$18.9k | −$4.94 |
| EGI | $63.3k | $16.54 |
| − OpEx | −$15.8k | −$4.13 |
| NOI | $47.5k | $12.40 |
3,830 SF · lease $21.48/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$36.72M
$32.13M – $42.84M
NOI $2,570,591 @ 7.0% cap · market cap 323.34%
Second Best
Office B
$678.7K
$593.9K – $791.8K
NOI $47,510 @ 7.0% cap · market cap 5.98%
Theoretical Best
Multifamily LT 5
$42.15M
$36.88M – $49.17M
NOI $2,950,412 @ 7.0% cap · market cap 371.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Above & Beyond Salon
Hair Salon
FAQs
What type of property is this?
Office building - Freestanding 2-story commercial building with extensive plumbing, multiple rooms, on-site parking, and a rear patio.
Where is this office building located?
The property is located at 14006 W Lake Road Vermilion, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,830 SF freestanding commercial building with flexible layout suitable for various uses.; Major capital improvement: connection to city sewer (estimated $100,000 upgrade).; Ample on‑site parking and storage shed.
