Freestanding Retail Building on
For Sale
Contact for pricing
Pending
25775 Lorain Rd, North Olmsted, OH 44070
3,089 SF retail building on heavily traveled Lorain Road.
Property Size3,089 SF
Lot Size1.00 Acre
Days on Market282
Property Features for 25775 Lorain Rd
General Information
Standard status
Pending
Size
3,089 SF
Class
B
Lot size
1.00 Acre
Property subtype
Retail
Zoning
B-3 General Business
Building Details
Year Built
2010
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
JLL - Cleveland, Ohio
(440) 503-1150
Listed By:
Sam Everson · License #OH 2023000554
Source:
Crexi
Added: Nov 3, 2025
Changed: Aug 8
Last Checked: Jul 27 at 6:27AM
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 JLL - Cleveland, Ohio
Investment Insights
Based on property information with market context.
This 3,089 SF freestanding retail building, originally constructed in 2010 as a bank branch, has been converted to an upscale convenience store. It retains infrastructure including an overhead drive-through structure. The building is situated on nearly 1 acre and is zoned B-3 General Business. Located on Lorain Road, which sees 17,527 vehicles per day, the property offers visibility and accessibility near Great Northern Mall. The building features an open layout and large glass windows, allowing natural light to enter the space. This property is suitable for investors, retailers, and users looking to acquire an asset in a retail corridor.
Key Highlights
- High‑traffic location on Lorain Road with 17,527 vehicles per day, offering excellent visibility.
- Freestanding 3,089 SF retail building on nearly 1 acre.
- Zoned B‑3 General Business, allowing for a wide range of retail uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,792
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,840
$675.8K
Cap Rate 7%
$482,743
$482.7K
Cap Rate 9%
$375,467
$375.5K
Market Conditions
NOI Build-Up for 3,089 SF
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.
Gross rent
$48.2K $15.60/SF
− Vacancy
−$3.1K −$1.01/SF
EGI
$45.1K $14.59/SF
− OpEx
−$11.3K −$3.65/SF
NOI
$33.8K $10.94/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,840
Cap Rate 7%
$482,743
Cap Rate 9%
$375,467
Alternative Uses
Best Use
Specialty Retail
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$421.6K
$368.9K – $491.9K
NOI $29,515 @ 7.0% cap · market cap 2.48%
Theoretical Best
Warehouse
$2.48M
$2.17M – $2.89M
NOI $173,253 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Target Grocery — 24646 Brookpark Rd, North Olmsted, OH 44070
- Marc's Stores — 26393 Great Northern Shop Center, North Olmsted, OH 44070
- J & J Asian Mart Inc. (동양식품) — 24529 Lorain Rd, North Olmsted, OH 44070
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 3,089 SF retail building on heavily traveled Lorain Road.
Where is this grocery and convenience store located?
The property is located at 25775 Lorain Rd North Olmsted, OH.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: High‑traffic location on Lorain Road with 17,527 vehicles per day, offering excellent visibility.; Freestanding 3,089 SF retail building on nearly 1 acre.; Zoned B‑3 General Business, allowing for a wide range of retail uses.
