Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    26614 Lorain Rd North Olmsted, OH 44070

    Sponsored
    For Sale
    Contact for pricing

    Fully Leased, High-Yield Retail Center

    Property size:
    12,323 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,323 square foot retail shopping center in North Olmsted, Ohio, presents a compelling investment opportunity. The property, built in 1968 and renovated in 2023, sits on a 1.293-acre lot and features a single, one-story building with five tenants: AT&T, Malley's Chocolates, Buckeye Clips, and First Federal Savings & Loan Association of Lakewood, and CLE Care. The property boasts a strong pro-forma NOI of $301,705, reflecting the stability and profitability of this fully leased, triple-net (NNN) investment. The NNN lease structure minimizes operational costs for the owner, with tenants responsible for property taxes, insurance, and maintenance. The diverse tenant mix across various sectors mitigates risk and ensures consistent revenue streams. The staggered lease expirations further reduce vacancy risk and provide a predictable cash flow. Located at 26614 Lorain Rd, North Olmsted, OH 44070, this property benefits from high visibility and convenient access, ensuring long-term value appreciation. The permitted zoning is retail, making it ideally suited for its current use and potential future expansion. This turnkey investment offers immediate and reliable income, making it an attractive addition to any portfolio. The property's prime location and strong tenant base guarantee a secure and profitable investment.

    Property Features for 26614 Lorain Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,323 SF
    Lot Size
    56,323 SF

    Building Details

    Year Built/Renovated
    1968/2023
    Buildings
    1
    Stories
    1

    HighLights

    • 100% Occupancy: Fully leased, generating immediate income.
    • Diverse Tenant Mix: Five tenants across various sectors minimize risk.
    • Triple‑Net (NNN) Leases: Owner's operational costs minimized; tenants responsible for taxes, insurance, and maintenance.
    • Excellent Location: High‑visibility North Olmsted site with convenient access.
    • Staggered Lease Expirations: Reduced vacancy risk and consistent cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9168868
    Latitude
    41.4189237

    Nearby Comparable

    • $3,600,000
      12,232 SF

      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $700,000

      Prime Out-Lot Opportunity

      Commercial land for sale in a high-traffic North Olmsted location.
      27048 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $700,000
      0.70 Acres

      27048 Lorain Rd

      Land • 0.70 Acres
      27048 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      Commercial Land Near Great Northern

      Commercial land with high visibility near Great Northern Mall.
      27116 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $250,000

      High-Traffic Corner Lot Available

      Drive-thru lot on high-traffic corner of Lorain and Bailey.
      25675 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $89,900
      0.21 Acres

      Commercial Corner Lot For Sale

      High-visibility commercial lot at a signalized 5-way intersection.
      27693 Butternut Ridge Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      5.5 Acres Near Great Northern

      5.5 acres near Great Northern Mall, all utilities available.
      25896 Butternut Ridge Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      135,000 SF

      North Olmsted Office Building For Sale

      135,000 SF office building with amenities and parking.
      25300 Al Moen Dr, North Olmsted, OH 44070
      View Details
    • $1,900,000
      7,504 SF

      North Olmsted Retail Opportunity

      Retail property for sale in North Olmsted, Ohio.
      25001 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      5,620 SF

      Retail/Restaurant Site Near Great Northern

      2.248-acre retail/restaurant site in a high-traffic area.
      24941 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      0.44 Acres

      Prime North Olmsted Commercial Land

      Profitable Car Wash Business for Sale
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      2,307 SF

      Established Touchless Carwash on Lorain

      Well-maintained, two-bay touchless carwash near Great Northern Mall.
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details

    Nearby Similar for Sale

    • $375,000
      0.36 Acres

      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $300,000
      0.69 Acres

      Industrial Building with Renovated Office

      Industrial building featuring renovated office space and garage.
      23672 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      5,620 SF

      Retail/Restaurant Site Near Great Northern

      2.248-acre retail/restaurant site in a high-traffic area.
      24941 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      135,000 SF

      North Olmsted Office Building For Sale

      135,000 SF office building with amenities and parking.
      25300 Al Moen Dr, North Olmsted, OH 44070
      View Details
    • $300,000
      2,400 SF

      Converted Home for Office/Retail

      2,400± SF converted home suitable for office or retail.
      23889 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      2,307 SF

      Established Touchless Carwash on Lorain

      Well-maintained, two-bay touchless carwash near Great Northern Mall.
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      11,060 SF

      North Olmsted Office Building For Sale

      11,060 SF building on 1.85 acres in North Olmsted.
      28253 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $3,600,000
      12,232 SF

      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,900,000
      7,504 SF

      North Olmsted Retail Opportunity

      Retail property for sale in North Olmsted, Ohio.
      25001 Country Club Blvd, North Olmsted, OH 44070
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased, High-Yield Retail Center
    Where is this lifestyle center located?
    The property is located at 26614 Lorain Rd North Olmsted, OH.
    What are key features of this property?
    This property features: 100% Occupancy: Fully leased, generating immediate income.; Diverse Tenant Mix: Five tenants across various sectors minimize risk.; Triple-Net (NNN) Leases: Owner's operational costs minimized; tenants responsible for taxes, insurance, and maintenance.
    Request Owner's contact information
    26614 Lorain Rd North Olmsted, OH 44070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26614 Lorain Rd
    North Olmsted, OH 44070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    26614 Lorain Rd North Olmsted, OH 44070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.