Warehouse with Twenty-Foot Clear
For Sale
Contact for pricing
2201 W Park Dr, Lorain, OH 44053
Single-tenant manufacturing warehouse with office space, twenty-foot clear height, and dock-high plus drive-in door access.
Property Size24,960 SF
Lot Size3.45 Acres
Price / SF$60
Days on Market74
Property Features for 2201 W Park Dr
General Information
Standard status
Active
Size
24,960 SF
Total Parking Spaces
50
Lot size
3.45 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
22,460 SF
Office Build-Out
2,500 SF
Dock-High Doors
3
Drive-In Doors
1
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Asking Price
$1,497,600
Building Details
Year Built
1971
Buildings
1
Building Size
24,960 SF
Tenancy
Single
Listing Agency:
Newmark | Cleveland
(216) 453-3085
Listed By:
Connor McCoy
Source:
Moodyscre
Added: May 19
Changed: Jul 29
Last Checked: Jul 30 at 11:00AM
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 Newmark | Cleveland
Investment Insights
Based on property information with market context.
Single-tenant 24,960 SF manufacturing/warehouse facility on 3.45 acres in Lorain, OH. The building includes 22,460 SF of warehouse area and 2,500 SF of office space, constructed in 1971. The facility is set up for light manufacturing and distribution use with 20’ clear height, three dock-high doors, and a 10’ x 14’ drive-in door.
Site power and loading capability support flexible industrial operations, including 600 AMP / 480V / 3-phase power. The property also provides 50 surface parking spaces and generous outdoor circulation for vehicles and deliveries.
Overall, this is a well-suited single-tenant warehouse configuration for users seeking substantial clear height, practical door access, and on-site office space within a dedicated site.
Site power and loading capability support flexible industrial operations, including 600 AMP / 480V / 3-phase power. The property also provides 50 surface parking spaces and generous outdoor circulation for vehicles and deliveries.
Overall, this is a well-suited single-tenant warehouse configuration for users seeking substantial clear height, practical door access, and on-site office space within a dedicated site.
Key Highlights
- 24,960 SF single‑tenant manufacturing/warehouse facility on 3.45 acres
- 22,460 SF warehouse plus 2,500 SF office, constructed in 1971
- 20’ clear height for light manufacturing and distribution
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 |
24,960 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.50M
$3.94M – $5.25M
NOI $315,058 @ 7.0% cap · market cap 21.04%
Second Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,499 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,294 @ 7.0% cap · market cap 29.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SpareBox Storage — 2230 W Park Dr, Lorain, OH 44053
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant manufacturing warehouse with office space, twenty-foot clear height, and dock-high plus drive-in door access.
Where is this warehouse located?
The property is located at 2201 W Park Dr Lorain, OH.
What is the asking price?
The asking price for this property is $1,497,600.
What are key features of this property?
This property features: 24,960 SF single‑tenant manufacturing/warehouse facility on 3.45 acres; 22,460 SF warehouse plus 2,500 SF office, constructed in 1971; 20’ clear height for light manufacturing and distribution
