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Property profile

0 River Rd Elyria, OH 44035

OFF-MARKET
Office Spaces
5,420 SF 0.24 ac lot
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Property summary

AI-generated overview

This exceptional two-story medical office building, totaling 5,420 square feet of net rentable space, presents a unique investment opportunity in Elyria, Ohio. Situated on a 0.24-acre lot (APN: 06-25-115-000-004), this property boasts a highly desirable location less than a block from UH Elyria Medical Center, placing it within the heart of the Elyria Trade Area and just east of downtown Elyria. The building's convenient location offers excellent visibility and accessibility for patients and staff. The property is currently configured as a medical office building, making it ideal for a variety of healthcare practices. Further enhancing its potential, an adjacent corner lot of 0.29 acres is available for purchase, along with two additional parcels totaling 0.21 acres, providing ample room for expansion or additional development. This presents a rare chance to acquire a well-situated medical office building with significant expansion possibilities in a thriving Ohio market. The asking price for this turnkey property is $295,000. This is a fantastic opportunity for investors seeking a strong return in a high-demand area.

Property profile

Verified
Property type Office Spaces
Total area 5,420 SF
Lot 0.24 ac (10,454 SF)

Cap rate & NOI

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

Location

River Rd Elyria, OH 44035
Elyria 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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