White-Box Office
For Sale
Contact for pricing
25300 Lorain Rd, North Olmsted, OH 44070
Upper-floor space includes utility service, with office construction remaining to be completed.
Property Size19,716 SF
Price / SF$0.00
Days on Market1451
Property Features for 25300 Lorain Rd
General Information
Standard status
Active
Size
19,716 SF
Class
B
Property subtype
Office
Zoning
Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
conference room
lounge/lunchroom
Building Details
Year Built
1968
Stories
4
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Citywide
Listed By:
David Reddy · License #2001006408
(216) 406-4746
Source:
Crexi
Added: Oct 27, 2022
Changed: Oct 13
Last Checked: Oct 16 at 6:17AM
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 Keller Williams Citywide
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Investment Insights
Based on property information with market context.
Portions of the third and fourth floors are available as office units within the Horizon Education Centers Corporate Headquarters at 25300 Lorain Rd. Each floor contains approximately 5,000 square feet, with spaces ranging from a 1,250-square-foot minimum to 3,750 square feet of contiguous area. The available areas are in white-box condition, with utilities already brought to the floors and office buildout still required. Buildout costs are subject to negotiation.
Tenants will have access to a first-floor common area, including a large conference room available by reservation and a lounge or lunchroom near the main entrance. Building renovation and parking lot repairs have been completed. The property provides access to I-480 and is approximately 15 minutes from I-90 and the Ohio Turnpike.
Tenants will have access to a first-floor common area, including a large conference room available by reservation and a lounge or lunchroom near the main entrance. Building renovation and parking lot repairs have been completed. The property provides access to I-480 and is approximately 15 minutes from I-90 and the Ohio Turnpike.
Key Highlights
- Third- and fourth‑floor office availability
- Approximately 5,000 square feet per floor
- Space sizes from 1,250 to 3,750 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,673
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,233,460
$4.2M
Cap Rate 7%
$3,023,900
$3.0M
Cap Rate 9%
$2,351,922
$2.4M
Market Conditions
NOI Build-Up for 19,716 SF
Gross rent
$373.8K $18.96/SF
− Vacancy
−$91.6K −$4.65/SF
EGI
$282.2K $14.31/SF
− OpEx
−$70.6K −$3.58/SF
NOI
$211.7K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,233,460
Cap Rate 7%
$3,023,900
Cap Rate 9%
$2,351,922
Alternative Uses
Best Use
Office B
$3.02M
$2.65M – $3.53M
NOI $211,673 @ 7.0% cap · market cap 962,150.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$15.80M
$13.82M – $18.43M
NOI $1,105,812 @ 7.0% cap · market cap 5,026,418.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 44070, OH
32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,773
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Upper-floor space includes utility service, with office construction remaining to be completed.
Where is this office units located?
The property is located at 25300 Lorain Rd North Olmsted, OH.
What are key features of this property?
This property features: Third- and fourth‑floor office availability; Approximately 5,000 square feet per floor; Space sizes from 1,250 to 3,750 square feet
