Property profile

14647 Oh-511 Oberlin, OH 44074

OFF-MARKET
Land
412 SF 56 ac lot
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Property summary

AI-generated overview

This exceptional 56-acre property in Oberlin, Ohio (Lorain County, 44074, APN 1311006000014) presents a significant investment opportunity in the sandstone and potentially bottled water industries. The fee-simple ownership includes extensive mineral and water rights, offering considerable potential for future development. The quarry boasts an estimated 400 million tons of premium sandstone reserves, currently extracted from a 10-acre area. The site features three buildings: a large 8,400 square foot structure, a smaller 900 square foot building, and a 412 square foot office. Current operations include the production of custom-cut sandstone slabs for landscaping and architectural applications, various types of sandstone blocks for erosion control, aggregate stone for driveways and commercial projects, and petroleum cores supplied globally for oil and gas industry testing. The high-quality Berea sandstone used in core production is a key differentiator. This turnkey operation offers immediate revenue streams and significant long-term growth potential. The property's location at 14647 OH-511 provides convenient access to transportation networks. The total square footage of buildings ranges from 412 to 8,400 square feet. This is a rare opportunity to acquire a well-established, high-yield quarry with substantial reserves and diverse product offerings. Asking price is $6,500,000.

Property profile

Verified
Property type Land
Total area 412 SF
Lot 56 ac (2,439,360 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14647 Oh-511 Oberlin, OH 44074
Oberlin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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