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    4645 Oberlin Ave Lorain, OH 44053

    Sponsored
    For Sale
    Contact for pricing

    High-yield multifamily, office, & warehouse.

    Property size:
    7,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lorain, Ohio property at 4645 Oberlin Ave presents a unique investment opportunity encompassing diverse income streams. Situated on a 1.85-acre lot, this mixed-use building boasts a total of 7,466 square feet. The property includes seven fully leased apartments, generating consistent rental income. Additionally, there's a fully leased warehouse component, providing further diversification and revenue potential. A significant portion of the building, approximately 1,750 square feet, is dedicated to office space currently available for lease to a user. This presents an opportunity to increase rental income or occupy the space for business operations. The property's multi-faceted nature, combining residential, commercial, and industrial uses, makes it an attractive investment for those seeking a diversified portfolio. The strategic location in Lorain, Ohio, at 41.4277256 latitude and -82.18540648 longitude, offers convenient access to local amenities and transportation networks. The property's classification as multifamily, office, industrial, and mixed-use reflects its versatility and potential for long-term growth. This is a rare chance to acquire a well-established, income-producing property with significant upside potential. The zip code is 44053.

    Property Features for 4645 Oberlin Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,466 SF

    HighLights

    • Unique investment opportunity in Lorain, OH.
    • Approximately 1,750 SF of office space available.
    • Seven fully leased apartments.
    • Fully leased warehouse space on‑site.
    • 1.85‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Murello Incorporated Property Management Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.18540648
    Latitude
    41.4277256

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    FAQs

    What type of property is this?
    Multifamily property - High-yield multifamily, office, & warehouse.
    Where is this multifamily property located?
    The property is located at 4645 Oberlin Ave Lorain, OH.
    What are key features of this property?
    This property features: Unique investment opportunity in Lorain, OH.; Approximately 1,750 SF of office space available.; Seven fully leased apartments.
    Request Owner's contact information
    4645 Oberlin Ave Lorain, OH 44053
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    Lorain, OH 44053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4645 Oberlin Ave Lorain, OH 44053
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