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    34626 Royalton Rd Grafton, OH 44044

    For Sale
    $260,000

    Brand new, high-traffic location, investment opportunity.

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional offering presents two brand-new warehouse condos, ideally situated at 34626 Royalton Rd #2, Grafton, OH 44044, in Lorain County. Each unit boasts a range of sizes from 1,000 to 10,000 square feet, perfect for diverse needs. Built in 2024, these units feature 16-foot ceilings, 14-foot high insulated garage doors with a man door, and are drywalled and insulated. The construction includes a 6-inch concrete slab, 2x6 construction, OSB wall sheathing, heavy-gauge metal siding and roof, ensuring durability and strength. Individual units offer separate metered gas and 100-amp electrical service, along with onsite restrooms equipped with utility sinks and tankless hot water heaters. The high ceilings allow for the possibility of loft construction. Located on a 0.01-acre lot, this property benefits from its high-traffic state route location in a growing community, just minutes from the highway. These units are ideal for storing boats, cars, RVs, operating a business, or as a rental investment property with high cap rate potential. The APN is 11-00-015-000-048. The asking price is $260,000. Currently vacant, these units are ready for immediate occupancy.

    Property Features for 34626 Royalton Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    1,000 SF
    Lot Size
    436 SF

    Building Details

    Year Built
    2024
    Units
    2

    HighLights

    • $260,000 asking price for two vacant warehouse condos.
    • 1,000‑10,000 square feet total space.
    • Brand new construction (2024), located at 34626 Royalton Rd, Grafton, OH 44044.
    • Units feature 16' ceilings, 14' high insulated garage doors, and separate metered utilities.
    • 6‑inch concrete slab suitable for heavy equipment; high cap rate potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Clothing Store Nail Salon Kitchen & Bath Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9886073
    Latitude
    41.3136689

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Distribution property - Brand new, high-traffic location, investment opportunity.
    Where is this distribution property located?
    The property is located at 34626 Royalton Rd Grafton, OH.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: $260,000 asking price for two vacant warehouse condos.; 1,000-10,000 square feet total space.; Brand new construction (2024), located at 34626 Royalton Rd, Grafton, OH 44044.
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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
    34626 Royalton Rd Grafton, OH 44044
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