East St Fairport Harbor, OH 44077
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Self storage facilities
Property Details for 0 East St
- Lot size
- 3.30 lot acres
- Property type
- Self storage facilities
Description
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
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Fairport Harbor
- County
- Lake
- State
- Ohio
- Longitude
- -81.2693
- Latitude
- 41.7474
