25056 Lorain Rd North Olmsted, OH 44070
Operating car wash on 0.44 acres near Great Northern.
Property Features for 25056 Lorain Rd
General Information
- Standard status
- Active
- Size
- 2,307 SF
- Lot size
- 0.44 Acres
- Property subtype
- Land
Listing office Goodman Real Estate Services Group LLC (216) 381-8200
Listing date Apr 6, 2023
Source Crexi
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 Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Established touchless car wash business (since 2006) with steady, increasing annual revenue.
- Prime location on Lorain Road near Great Northern Mall and Plazas.
- Two automatic bays with M5 touchless car wash system.
Local 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 | $158.1k | $68.52 |
| − Vacancy | −$5.8k | −$2.54 |
| EGI | $152.2k | $65.98 |
| − OpEx | −$45.7k | −$19.80 |
| NOI | $106.6k | $46.19 |
