Commercial
For Sale
Contact for pricing
32961 Pin Oak Parkway, Avon Lake, OH 44012
Commercial-zoned warehouse positioned for convenient regional access near I-90.
Property Size2,136 SF
Price / SF$69.76
Days on Market177
Property Features for 32961 Pin Oak Parkway
General Information
Standard status
Active
Size
2,136 SF
Class
B
Property subtype
Industrial
Zoning
Commercial
Building Details
Year Built
2009
Stories
1
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Brian Smith · License #OH SAL.2016001142
Source:
Crexi
Added: Apr 22
Changed: Oct 6
Last Checked: Oct 14 at 11:52PM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
This warehouse property is located at 32961 Pin Oak Parkway in Avon Lake, Ohio. The building was constructed in 2009 and carries Commercial zoning.
The property is approximately 1.5 miles from I-90, providing a direct connection to the interstate network. Its warehouse classification and established commercial setting support a range of business and storage-related applications, subject to applicable approvals.
The property is approximately 1.5 miles from I-90, providing a direct connection to the interstate network. Its warehouse classification and established commercial setting support a range of business and storage-related applications, subject to applicable approvals.
Key Highlights
- Commercial zoning designation
- Approximately 1.5 miles from I‑90
- Warehouse building constructed in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,798
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,960
$196.0K
Cap Rate 7%
$139,971
$140.0K
Cap Rate 9%
$108,867
$108.9K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$12.0K $5.61/SF
− Vacancy
−$455 −$0.21/SF
EGI
$11.5K $5.40/SF
− OpEx
−$1.7K −$0.81/SF
NOI
$9.8K $4.59/SF
Area
Lorain County, OH
Vacancy
3.80%
Lease Rate
$5.61 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,960
Cap Rate 7%
$139,971
Cap Rate 9%
$108,867
Alternative Uses
Best Use
Warehouse
$140.0K
$122.5K – $163.3K
NOI $9,798 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.3K
$471.0K – $628.0K
NOI $37,679 @ 7.0% cap · market cap 25.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RLD Management Storage — 755 Moore Rd #2, Avon Lake, OH 44012
- StorageCondos - Avon Lake — 32961 Pin Oak Pkwy, Avon Lake, OH 44012
- Top Shelf Transformations — 525 Crossings Way, Avon Lake, OH 44012
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial-zoned warehouse positioned for convenient regional access near I-90.
Where is this warehouse 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 $149,000.
What are key features of this property?
This property features: Commercial zoning designation; Approximately 1.5 miles from I‑90; Warehouse building constructed in 2009
