Industrial Buildings with Fenced
For Sale
Contact for pricing
7405-7425 Industrial Parkway Dr, Lorain, OH
Two industrial buildings with fenced yard and highway access.
Property Size73,360 SF
Lot Size2.45 Acres
Price / SF$61.68
Days on Market386
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
Listing Agency:
JLL | Cleveland
(216) 861-7171
Listed By:
Donald G Bain · License #SAL.0000314090
(216) 952-8895
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Oct 4
Last Checked: Oct 7 at 1:36PM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,524
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,730,480
$6.7M
Cap Rate 7%
$4,807,486
$4.8M
Cap Rate 9%
$3,739,156
$3.7M
Market Conditions
NOI Build-Up for 73,360 SF
Gross rent
$411.5K $5.61/SF
− Vacancy
−$15.6K −$0.21/SF
EGI
$395.9K $5.40/SF
− OpEx
−$59.4K −$0.81/SF
NOI
$336.5K $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%
$6,730,480
Cap Rate 7%
$4,807,486
Cap Rate 9%
$3,739,156
Alternative Uses
Best Use
Warehouse
$4.81M
$4.21M – $5.61M
NOI $336,524 @ 7.0% cap · market cap 7.44%
Second Best
Industrial
$3.96M
$3.46M – $4.62M
NOI $277,138 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$18.49M
$16.18M – $21.57M
NOI $1,294,070 @ 7.0% cap · market cap 28.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Baumhart Road Self Storage — 6299 Baumhart Rd, Lorain, OH 44053
- Lorain Baumhart Storage — 6201 Baumhart Rd, Lorain, OH 44053
- Storage Rak — 7451 Terminal Dr, Lorain, OH 44053
Frequently Asked Questions
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
