0 East St Fairport Harbor, OH 44077
This exceptional investment opportunity presents a fee-simple owned, 3.3-acre boat and RV storage facility in the desirable Fairport Harbor, Ohio, market. Currently boasting 145 units, with approximately 110 units available for rental if evenly distributed, the property enjoys a strategic location near major roadways, providing convenient access for residents of Fairport Harbor and Painesville. The facility is secure, well-maintained, and easily accessible, currently operating at 85% occupancy (as of October 30, 2024). The current Net Operating Income (NOI) stands at $44,459, yielding a 6.90% capitalization rate. Significant upside potential exists through lease adjustments
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.