Retail
For Sale
Contact for pricing
4375 Oberlin Avenue, Lorain, OH 44053
Commercial retail premises along an established avenue corridor.
Property Size2,128 SF
Price / SF$117.48
Days on Market162
Property Features for 4375 Oberlin Avenue
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Hanna Commercial Real Estate
Listed By:
Colin Wiehn · License #2025003205
(216) 861-5676
Source:
Crexi
Added: May 7
Changed: Oct 5
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 Hanna Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail space contains 2,128 square feet at 4375 Oberlin Avenue in Lorain, Ohio. The property is identified for retail and commercial use and is offered for sale.
Key Highlights
- 2,128 square feet of retail space
- Located at 4375 Oberlin Avenue, Lorain, OH 44053
- Retail and commercial property classification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,406
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,120
$428.1K
Cap Rate 7%
$305,800
$305.8K
Cap Rate 9%
$237,844
$237.8K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$31.9K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$30.6K $14.37/SF
− OpEx
−$9.2K −$4.31/SF
NOI
$21.4K $10.06/SF
Area
Lorain County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,120
Cap Rate 7%
$305,800
Cap Rate 9%
$237,844
Alternative Uses
Best Use
Retail
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 26%
Superstores 22%
Big Lots
Superstores
11,409 visits/mo
0.1 miles
Taco Bell
Dining
10,842 visits/mo
0.3 miles
Huntington Bank
Shops & Services
8,429 visits/mo
0.0 miles
Dollar General
Shops & Services
7,063 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,153 visits/mo
0.1 miles
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail premises along an established avenue corridor.
Where is this retail space located?
The property is located at 4375 Oberlin Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,128 square feet of retail space; Located at 4375 Oberlin Avenue, Lorain, OH 44053; Retail and commercial property classification
