Manufacturing Facility With Bridge
New
For Sale
$219,900
435 Huron Street, Elyria, OH 44035
CommercialSale, Elyria, OH
Property Size2,400 SF
Lot Size0.33 Acres
Price / SF$91.63
Days on Market1
Property Features for 435 Huron Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced
Subdivision
Fay Add
Elementary school district
Elyria CSD - 4706
Middle school district
Elyria CSD - 4706
High school district
Elyria CSD - 4706
Directions
From Broad St, head north on Huron St to the property.
Standard status
Active
APN
06-24-086-102-019
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAY ADD 50 X 182 S/L 62 20040047436
Tax Annual Amount
1203
Legal Description
FAY ADD 50 X 182 S/L 62 20040047436
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1995
Roof type
Metal
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
John Wannemacher · License #2024005296
(562) 714-1828
Added: Aug 31
Last Checked: Aug 31 at 4:06PM
MLS# 5240640
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 2,400-square-foot manufacturing facility, built in 1995, offers a clear-span work area with a 10-foot by 12-foot overhead door. The building is equipped with 200-Amp, 480V, 3-Phase service and 100 Amp, 208V, 3-Phase service, along with a functioning 3-ton overhead bridge crane. An air compressor, perimeter air piping, hose reels, and quick-connect points support shop operations. The main work bay includes in-floor drainage.
The property includes the primary parcel and an adjacent lot, totaling 0.33 acres, with paved exterior areas for parking, staging, or storage. Recent work includes roof sealing and reinforcement, commercial gutters, extended overhangs, metal siding accents, landscaping, LED shop lighting, and interior painting. The restroom has also been renovated. Public water and sewer serve the site, with natural gas heat and a metal roof. Located at 435 Huron Street in Elyria, Ohio.
The property includes the primary parcel and an adjacent lot, totaling 0.33 acres, with paved exterior areas for parking, staging, or storage. Recent work includes roof sealing and reinforcement, commercial gutters, extended overhangs, metal siding accents, landscaping, LED shop lighting, and interior painting. The restroom has also been renovated. Public water and sewer serve the site, with natural gas heat and a metal roof. Located at 435 Huron Street in Elyria, Ohio.
Key Highlights
- 2,400‑square‑foot manufacturing facility with clear‑span workspace
- 200‑Amp, 480V, 3‑Phase and 100 Amp, 208V, 3‑Phase electrical service
- Operational 3‑ton overhead bridge crane with shop air infrastructure
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
$11,010
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
5.01%
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%
$220,200
$220.2K
Cap Rate 7%
$157,286
$157.3K
Cap Rate 9%
$122,333
$122.3K
Market Conditions
NOI Build-Up for 2,400 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
$13.5K $5.61/SF
− Vacancy
−$512 −$0.21/SF
EGI
$13.0K $5.40/SF
− OpEx
−$1.9K −$0.81/SF
NOI
$11.0K $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 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%
$220,200
Cap Rate 7%
$157,286
Cap Rate 9%
$122,333
Alternative Uses
Best Use
Warehouse
$157.3K
$137.6K – $183.5K
NOI $11,010 @ 7.0% cap · market cap 5.01%
Second Best
Flex RnD
$141.9K
$124.2K – $165.6K
NOI $9,936 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Updated manufacturing workspace with heavy electrical service, paved exterior capacity, and public utilities in Elyria.
Where is this manufacturing property located?
The property is located at 435 Huron Street Elyria, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 2,400‑square‑foot manufacturing facility with clear‑span workspace; 200‑Amp, 480V, 3‑Phase and 100 Amp, 208V, 3‑Phase electrical service; Operational 3‑ton overhead bridge crane with shop air infrastructure
