7470 Industrial Pkwy Dr, Lorain, OH
36,000 SF warehouse with 2,000 SF office space.
- Added:
- Sep 8, 2025
- Days on Market:
- 280
- Last Refresh:
- May 20 at 9:12 pm
Property Features for 7470 Industrial Pkwy Dr
General Information
- Standard status
- Active
- Size
- 36,000 SF
- Lot size
- 3.16 Acres
- Property subtype
- INDUSTRIAL
Listing agent Terry Coyne, SIOR, CCIM
Listing office Newmark | Cleveland (216) 861-3040
Listing date Sep 8, 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 Newmark | Cleveland
HighLights
- 34,000 SF Warehouse Space available
- Total space is 36,000 SF
- Includes 2,000 SF Office Space
- Available Space
Overview
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 | $202.0k | $5.61 |
| − Vacancy | −$7.7k | −$0.21 |
| EGI | $194.3k | $5.40 |
| − OpEx | −$29.1k | −$0.81 |
| NOI | $165.1k | $4.59 |
Alternative Uses
Current Use by Public Records
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
- -82.2802
- Latitude
- 41.4099
