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Two Industrial Buildings For Sale

7425-7405 Industrial Parkway Dr Lorain, OH 44053

7425-7405 Industrial Parkway Dr, Lorain, OH, 44053
$4,525,000
For Sale
Claim this Listing
$4,525,000

Two industrial buildings totaling 73,360 SF on 11.01 acres.

Property Size73,360 SF
Lot Size11.01 Acres
Price / SF$61.68
AddedApr 15
Days on Market93
Last RefreshJul 15 at 2:38 am

Property Features for 7425-7405 Industrial Parkway Dr

General Information

Standard status
Active
Size
73,360 SF
Lot size
11.01 Acres
Property subtype
industrial

Listing office Cleveland

Listing date Apr 15, 2026

Source Property.jll

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 Cleveland


Investment Insights

Based on property information with market context.

Two industrial buildings totaling 73,360 square feet are available for purchase together or separately. The property is situated on 11.01 acres, consisting of three parcels, and is zoned I-2 Heavy Industrial. Ample car parking is available in front of both buildings, in addition to a fenced and lit yard/parking lot with outdoor storage space. One building at 7425 Industrial Pkwy Drive is 64,060 square feet and sits on 7.08 acres. The other building at 7405 Industrial Pkwy Drive is 9,300 square feet and sits on 2.45 acres. A third parcel to the west of 7425 is 1.48 acres and is currently utilized as truck/trailer parking. There is an above-ground 10,000-gallon fuel tank on site. The property is located 0.7 miles from Route 2 at the Baumhart Road exit, and close to I-90 & I-80. The building at 7425 Industrial Pkwy Drive contains 3 overhead doors and 8 loading docks with levelers, and has approximately 4,060 square feet of modern office space on two floors. The building at 7405 Industrial Pkwy Drive contains 5 overhead doors and has approximately 653 square feet of modern office space.

Key Highlights

  • Two industrial buildings totaling 73,360 SF on 11.01 acres zoned I‑2 Heavy Industrial.
  • Excellent highway access, only 0.7 miles from Route 2 and close to I‑90 & I‑80.
  • Fenced and lit yard/parking lot with ample outdoor storage space.

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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Truck terminals

Suggested Use

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

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

Similar Off Market 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

FAQs

What type of property is this?
Warehouse - Two industrial buildings totaling 73,360 SF on 11.01 acres.
Where is this warehouse located?
The property is located at 7425-7405 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: Two industrial buildings totaling 73,360 SF on 11.01 acres zoned I‑2 Heavy Industrial.; Excellent highway access, only 0.7 miles from Route 2 and close to I‑90 & I‑80.; Fenced and lit yard/parking lot with ample outdoor storage space.
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