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    Industrial Buildings with Fenced Yard Title is generated by Realmo AI

    7405-7425 Industrial Parkway Dr, Lorain, OH

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    Two industrial buildings with fenced yard and highway access.

    Type:INDUSTRIAL
    Property size:
    73,360 SF
    Lot size:
    2.45 Acres
    Price / SF:
    $61/SF
    Added:
    Sep 18, 2025
    Days on Market:
    270
    Last Refresh:
    May 20 at 8:20 pm

    Property Features for 7405-7425 Industrial Parkway Dr

    General Information

    Standard status
    Active
    Size
    73,360 SF
    Lot size
    2.45 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Donald G Bain

    Listing agent Donald G Bain License #SAL.0000314090

    Listing office JLL | Cleveland

    Listing date Sep 18, 2025

    Source Moodyscre

    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

    HighLights

    • Excellent highway access (0.7 miles to Route 2)
    • 64,060 SF & 9,300 SF industrial buildings
    • Fenced parking lot / yard with ample outdoor storage
    • Total of 8 loading docks & 8 overhead doors
    • Modern & renovated office space in both buildings

    Overview

    This property features two industrial buildings, one spanning 64,060 square feet and the other 9,300 square feet, totaling 73,360 square feet. The site includes a fenced parking lot and yard, providing ample outdoor storage space. Loading and unloading operations are facilitated by a total of 8 loading docks and 8 overhead doors. Both buildings offer modern and renovated office spaces. The property benefits from its location with excellent highway access, situated approximately 0.7 miles from Route 2.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $411.5k $5.61
    − Vacancy −$15.6k −$0.21
    EGI $395.9k $5.40
    − OpEx −$59.4k −$0.81
    NOI $336.5k $4.59
    73,360 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $4.81M
    $4.21M – $5.61M (±1% cap)
    NOI $336,524 @ 7.0% cap · market cap 7.44%
    Second Best
    Industrial
    $3.96M
    $3.46M – $4.62M (±1% cap)
    NOI $277,138 @ 7.0% cap · market cap 6.12%
    Theoretical Best
    Office A
    $18.49M
    $16.18M – $21.57M (±1% cap)
    NOI $1,294,070 @ 7.0% cap · market cap 28.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store HVAC Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lorain Baumhart Storage — 6201 Baumhart Rd, Lorain, OH 44053
    • Storage Rak — 7451 Terminal Dr, Lorain, OH 44053
    • Baumhart Road Self Storage — 6299 Baumhart Rd, Lorain, OH 44053

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2782
    Latitude
    41.4084

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    FAQs

    What type of property is this?
    Warehouse - Two industrial buildings with fenced yard and highway access.
    Where is this warehouse located?
    The property is located at 7405-7425 Industrial Parkway Dr Lorain, OH.
    What is the asking price?
    The asking price for this property is $4,525,000.
    What are key features of this property?
    This property features: Excellent highway access (0.7 miles to Route 2); **64,060 SF & 9,300 SF industrial buildings**; Fenced parking lot / yard with ample outdoor storage
    (216) 952-8895 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Donald G Bain
    Real Estate License ID: SAL.0000314090
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