Heavy Industrial Truck Terminal
7451 Terminal Dr Lorain, OH 44053
For Sale
Contact for pricing
Industrial truck terminal on 38.3 acres with two docks, six drive-ins, 18' clear height, and 9,360 SF offices.
Property Size81,640 SF
Lot Size38.30 Acres
Price / SF$45.93
Days on Market457
Property Features for 7451 Terminal Dr
General Information
Standard status
Active
Size
81,640 SF
Lot size
38.30 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Cleveland
(216) 363-6435
Listed By:
Mike Petrigan, SIOR
(216) 363-6435
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Jul 29
Last Checked: Jul 29 at 3:41AM
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 CBRE | Cleveland
Investment Insights
Based on property information with market context.
A 81,640 SF industrial truck terminal built in 1958 offering 2 docks and 6 drive-in doors. The facility includes 18’ clear height and 9,360 SF of office space, set on 38.3 acres of land.
The property sits right off Baumhart Road with 664’ of frontage. It is located about 1.2 miles to Route 2 and 3.6 miles to I-90, positioned between Cleveland and Toledo.
The site is zoned for Heavy Industrial (I-2) and is part of the City of Lorain’s Community Reinvestment Area (Area 4).
The property sits right off Baumhart Road with 664’ of frontage. It is located about 1.2 miles to Route 2 and 3.6 miles to I-90, positioned between Cleveland and Toledo.
The site is zoned for Heavy Industrial (I-2) and is part of the City of Lorain’s Community Reinvestment Area (Area 4).
Key Highlights
- 81,640 SF industrial truck terminal on 38.3 acres at 7451 Terminal Drive.
- Truck terminal built in 1958 with 2 docks and 6 drive‑ins.
- 18' clear height industrial space.
Financial Insights For Industrial
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 | $458.0k | $5.61 |
| − Vacancy | −$17.4k | −$0.21 |
| EGI | $440.6k | $5.40 |
| − OpEx | −$132.2k | −$1.62 |
| NOI | $308.4k | $3.78 |
81,640 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$14.72M
$12.88M – $17.18M
NOI $1,030,501 @ 7.0% cap · market cap 27.48%
Second Best
Warehouse
$5.35M
$4.68M – $6.24M
NOI $374,507 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$20.57M
$18.00M – $24.00M
NOI $1,440,130 @ 7.0% cap · market cap 38.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial truck terminal on 38.3 acres with two docks, six drive-ins, 18' clear height, and 9,360 SF offices.
Where is this truck terminal located?
The property is located at 7451 Terminal Dr Lorain, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 81,640 SF industrial truck terminal on 38.3 acres at 7451 Terminal Drive.; Truck terminal built in 1958 with 2 docks and 6 drive‑ins.; 18' clear height industrial space.
