25056 Lorain Rd, North Olmsted, OH
Well-maintained, two-bay touchless carwash near Great Northern Mall.
- Added:
- Apr 10, 2023
- Days on Market:
- 1162
- Last Refresh:
- May 20 at 8:01 pm
Property Features for 25056 Lorain Rd
General Information
- Standard status
- Active
- Size
- 2,307 SF
- Lot size
- 0.44 Acres
- Property subtype
- RETAIL
Listing agent Jim Becker License #SAL.2006002500
Listing office Goodman Real Estate (216) 381-8200
Listing date Apr 10, 2023
Source Moodyscre
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 Goodman Real Estate
HighLights
- Steady, increasing annual revenue
- Established carwash business since 2006
- Prime location on Lorain Road near Great Northern Mall and Plazas
- M5 Touchless Carwash with two automatic bays
- Solidly maintained equipment
- Original owner/operator
Overview
Local Financial Insights For Industrial
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 | $158.1k | $68.52 |
| − Vacancy | −$5.8k | −$2.54 |
| EGI | $152.2k | $65.98 |
| − OpEx | −$45.7k | −$19.80 |
| NOI | $106.6k | $46.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Olmsted
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8994
- Latitude
- 41.4251
