2201 W Park Dr Lorain, OH 44053
24,960 SF manufacturing/warehouse on 3.45 acres for sale.
Property Features for 2201 W Park Dr
General Information
- Standard status
- Active
- Size
- 24,960 SF
- Lot size
- 3.45 Acres
- Property subtype
- INDUSTRIAL
Listing office Newmark | Cleveland (216) 861-3040
Listing date May 19, 2026
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Cleveland
Investment Insights
Based on property information with market context.
Key Highlights
- 24,960 SF manufacturing/warehouse facility on 3.45 acres.
- Suitable for light manufacturing and distribution.
- Features three dock‑high doors and one 10’x14’ drive‑in door.
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 | $140.0k | $5.61 |
| − Vacancy | −$5.3k | −$0.21 |
| EGI | $134.7k | $5.40 |
| − OpEx | −$20.2k | −$0.81 |
| NOI | $114.5k | $4.59 |
