Elyria Mixed-Use Investment
154 Woodbury St, Elyria, OH 44035
For Sale
$244,000
Mixed-use property with commercial space, residential units, and warehouse.
Property Size3,552 SF
Price / SF$68.69
Days on Market233
Property Features for 154 Woodbury St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Home Equity Realty Group
Listed By:
Roger L Nair · License OH #2011001849
(553) 303-5000
Source:
Homesinneohio
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 7 at 2:21PM
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 Home Equity Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property in Elyria presents an investment opportunity, featuring a layout that combines commercial and residential spaces. The main level offers flexible commercial space, complemented by residential unit(s) above, creating multiple income streams. A warehouse shop area includes its own restroom and office area. The property also features two remodeled apartments upstairs and garage doors for warehouse access. Separate utilities and off-street parking are available. Its location provides convenient access to major roadways and proximity to downtown amenities. The property offers a functional floor plan. The building has a total size of 3552 square feet. This property is suitable for investors seeking cash flow and long-term appreciation.
Key Highlights
- Mixed‑use property offers multiple income streams with commercial space and residential unit(s).
- Warehouse shop area includes a restroom, office, and garage door access.
- Two remodeled apartments upstairs provide modern living spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,294
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,880
$325.9K
Cap Rate 7%
$232,771
$232.8K
Cap Rate 9%
$181,044
$181.0K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$19.9K $5.61/SF
− Vacancy
−$757 −$0.21/SF
EGI
$19.2K $5.40/SF
− OpEx
−$2.9K −$0.81/SF
NOI
$16.3K $4.59/SF
Area
Lorain County, OH
Vacancy
3.80%
Lease Rate
$5.61 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,880
Cap Rate 7%
$232,771
Cap Rate 9%
$181,044
Alternative Uses
Best Use
Mixed Use
$525.2K
$459.5K – $612.7K
NOI $36,763 @ 7.0% cap · market cap 15.07%
Second Best
Retail
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 14.64%
Theoretical Best
Office A
$895.1K
$783.2K – $1.04M
NOI $62,657 @ 7.0% cap · market cap 25.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial space, residential units, and warehouse.
Where is this mixed-use property located?
The property is located at 154 Woodbury St Elyria, OH.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Mixed‑use property offers multiple income streams with commercial space and residential unit(s).; Warehouse shop area includes a restroom, office, and garage door access.; Two remodeled apartments upstairs provide modern living spaces.
