Climate-Controlled Self-Storage
For Sale
$230,000
32961 Pin Oak Parkway, Avon Lake, OH 44012
CommercialSale, Avon Lake, OH
Property Size1,080 SF
Lot Size0.01 Acres
Price / SF$212.96
Days on Market342
Property Features for 32961 Pin Oak Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Driveway, Parking Lot
Subdivision
Avon Lake Office & Storage Condo
Elementary school district
Avon Lake CSD - 4702
Middle school district
Avon Lake CSD - 4702
High school district
Avon Lake CSD - 4702
Directions
Pin Oak Storage at Rear of Development
Standard status
Active
APN
04-00-008-721-019
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
AVON LAKE OFFICE/STORAGE CONDO UNIT 109. Taxes for 2024 payable in 2025. This is an estimate from Auditor County site. It is Buyer's responsibility to investigate full tax liability.
Tax Annual Amount
1602
Legal Description
AVON LAKE OFFICE/STORAGE CONDO UNIT 109. Taxes for 2024 payable in 2025. This is an estimate from Auditor County site. It is Buyer's responsibility to investigate full tax liability.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
1
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Wendy C Milligan · License #2021008584
(216) 288-2258
Added: Nov 1, 2025
Changed: Sep 12
Last Checked: Oct 8 at 11:06AM
MLS# 5139369
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self-storage unit was built in 2004 and measures approximately 24 feet wide by 45 feet long. The interior includes four-coat epoxy flooring, insulated structural-steel walls with drywall and paint, commercial shelving, and a 30-inch stainless-steel utility sink. Electric heating and air conditioning are installed, while a 40-gallon water heater supplies hot water. Plumbing is already in place for the potential addition of a bathroom.
A 16-foot-wide by 14-foot-high garage door provides access for projects, equipment, and stored materials. High-bay lighting rated at 32,000 lumes illuminates the workspace, and a fitted curtain allows indoor work with the garage door open. Tools, equipment, and other contents remain with the unit. Public water and public sewer serve the property, with garage, parking lot, and driveway parking features.
A 16-foot-wide by 14-foot-high garage door provides access for projects, equipment, and stored materials. High-bay lighting rated at 32,000 lumes illuminates the workspace, and a fitted curtain allows indoor work with the garage door open. Tools, equipment, and other contents remain with the unit. Public water and public sewer serve the property, with garage, parking lot, and driveway parking features.
Key Highlights
- Approximately 24' wide by 45' long
- 16' wide by 14' high garage door
- Four‑coat epoxy flooring throughout the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,288
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,760
$205.8K
Cap Rate 7%
$146,971
$147.0K
Cap Rate 9%
$114,311
$114.3K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$15.6K $14.40/SF
− Vacancy
−$855 −$0.79/SF
EGI
$14.7K $13.61/SF
− OpEx
−$4.4K −$4.08/SF
NOI
$10.3K $9.53/SF
Area
Lorain County, OH
Vacancy
5.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,760
Cap Rate 7%
$146,971
Cap Rate 9%
$114,311
Alternative Uses
Best Use
Self Storage
$147.0K
$128.6K – $171.5K
NOI $10,288 @ 7.0% cap · market cap 4.47%
Second Best
Warehouse
$70.8K
$61.9K – $82.6K
NOI $4,954 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 44012, OH
25,206
Population
10,884
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
98%
High-School Grad
11.1 sq mi
ZIP Area
2,271
Density / Sq Mi
$110,174
Median Household Income
$63,289
Median Earnings
$1,500
Median Rent
$337,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated steel construction, commercial shelving, utility sink, and installed heating and air conditioning support varied indoor uses.
Where is this self storage facility located?
The property is located at 32961 Pin Oak Parkway Avon Lake, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Approximately 24' wide by 45' long; 16' wide by 14' high garage door; Four‑coat epoxy flooring throughout the unit
