Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10325 Dewhurst Rd Elyria, OH 44035-8403

    • Medical Office Space
    • 7,456 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1139382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Patricia Cathcart, MSN, APRN, FNP-BC, CCRN / Registered General Nurse / Internist
    • Timothy Plank / Pediatrician / Physician
    • UH Ohio Medical Group / Medical Clinic
    • Matthew S. Schaeffer, M.D. (inside Ohio Medical Group in Elyria) / Pediatrician / Physician
    • Kala Ravichandran, MD (inside Ohio Medical Group in Elyria) / Physician

    Property Details for 10325 Dewhurst Rd

    Year built
    2006
    Lot size
    3.83 lot acres
    Property size
    7,456 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    11-00-092-000-086
    APU
    1100092000086

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,385,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,043,000
      Market price range: $369k - $1.11M
      AI Estimate
      $830,000
      Market price range: $326k - $831k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $695,000
      Current use
      RESTAURANT
      $815,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0681
    Latitude
    41.3393
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,701
    $77,112
    $341,240
    $418,352
    -
    $220,320
    $974,970
    $1,195,290

    Comparable in this City

    • Value Estimation by Request
      5,556 SF

      137 Winckles St

      MEDICAL BUILDING • 5,556 SF
      137 Winckles St, Elyria, OH 44035-6151
      View Details
    • Value Estimation by Request
      1,700 SF

      301 Ee Ave Ste, Unit 1

      MEDICAL BUILDING • 1,700 SF
      301 Ee Ave Ste, Elyria, OH 44035-5736
      View Details
    • Value Estimation
      $2,655,000
      27,698 SF

      1050 Abbe N Rd

      MEDICAL BUILDING • 27,698 SF
      1050 Abbe N Rd, Elyria, OH 44035-1614
      View Details
    • Value Estimation
      $1,140,000
      11,420 SF

      5526 Detroit Rd

      MEDICAL BUILDING • 11,420 SF
      5526 Detroit Rd, Sheffield Village, OH 44035-1442
      View Details
    • Value Estimation by Request
      10,080 SF

      412 Riv St

      MEDICAL BUILDING • 10,080 SF
      412 Riv St, Elyria, OH 44035-5252
      View Details
    • Value Estimation by Request
      1,984 SF

      136 Winckles St

      MEDICAL BUILDING • 1,984 SF
      136 Winckles St, Elyria, OH 44035-6152
      View Details

    Similar Nearby for Sale

    • $295,000
      5,420 SF

      Riverview Medical Office Building

      Prime Elyria medical office, 5,420 SF.
      0 River Rd, Elyria, OH 44035
      View Details
    • $450,000
      3,760 SF

      Elyria Medical Office - For Sale/Lease

      3,760 SF Freestanding Medical Building in Ohio
      252 Broad St, Elyria, OH 44035
      View Details
    • Contact for pricing
      3,760 SF

      Freestanding Medical Office Building

      Turn-key medical office near University Hospital with ample parking.
      252 E Broad St, Elyria, OH 44035
      View Details
    • $285,000
      0.06 Acres

      Professional Office Condo For Sale

      2400 sq ft office condo in prime Lorain County location.
      5319 Meadow Lane Ct, Sheffield Village, OH 44035
      View Details
    • $295,000
      5,420 SF

      Medical Office Building Near UH

      Two-story, 5,420 SF medical office building for sale.
      507 E River St, Elyria, OH 44035
      View Details
    • Contact for pricing
      38,531 SF

      Elyria Office Building For Sale

      Office building with high traffic and downtown proximity.
      620 E River St, Elyria, OH 44035
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,600 SF

      Elyria Commercial Space Available

      Flexible Office Space, Prime Location
      824 Broad St, Elyria, OH 44035
      View Details
    • $9 SF/Yr
      33,282 SF

      Midway Plaza Office Suites

      Elyria, OH Office Space Available
      347 Midway Blvd, Elyria, OH 44035
      View Details
    • $1,700 /Mo
      23,958 SF

      Commercial Rental in High Traffic Area

      Commercial rental in Elyria, OH, near major routes and college.
      511 N Abbe Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      3,736 SF

      Stand Alone Bank Building

      Well-kept building suitable for office or medical use.
      361 Midway Blvd, Elyria, OH 44035
      View Details
    • $2,500 /Mo
      2,178 SF

      Professional Office Condo For Lease

      2400 sq ft office condo in prime Lorain County.
      5319 Meadow Lane Ct, Elyria, OH 44035
      View Details
    • $10,000 /Mo
      53,143 SF

      Former Bank Building with Drive-Thru

      Versatile commercial space near LCCC, I-90, and major thoroughfares.
      5380 N Abbe Rd, Elyria, OH 44035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10325 Dewhurst Rd
    Elyria, OH 44035-8403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!