Property profile & analytics
1150 Taylor St Elyria, OH 44035-6281
- Warehouses
- 6,000 SF
- 0.35 lot acres
OFF-MARKET
Last Sale
Dec 04, 2024
Dec 04, 2024
Value Estimations
$540,000
Show details
Cap Rate Potential
5.2%
Warehouses
Location Intelligence
Property ID
US66-1608880
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
- Pioneer Products / Industrial Manufacturer / Production Facility
- Bee Valve Inc / Factory / Production Facility
- Cable Tek / Telecommunications Service
- Center Products Inc / Insurance Agency
Property Details for 1150 Taylor St
- Year built
- 1989
- Lot size
- 0.35 lot acres
- Property size
- 6,000 SF
- Property type
- Warehouses
- APN
- 06-25-009-000-011
- APU
- 625009000011
Description
This exceptional Elyria, Ohio industrial property, located at 1150 Taylor St, offers 22,180 square feet of warehouse space situated on a 2.65-acre lot. The building, constructed in 1989 with additions in 2008, features insulated metal construction and boasts a fully renovated 2,000 square foot office and restroom area completed in 2023. The warehouse benefits from a 16-foot clear ceiling height, enhancing storage and operational efficiency. Loading is facilitated by two dock-high doors with levelers and a convenient 10'x12' drive-in overhead door. The property is 100% sprinklered, ensuring safety and compliance. Power is provided by a new 480V 3-Phase, 150 kVA transformer. Strategically located in Lorain County, with easy access to I-80 Ohio Turnpike, this property presents significant potential for expansion given its ample land area. The property is offered for sale at $1,100,000 or for lease at $5.75 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial warehouse in a thriving market. The property's features and location make it ideal for a variety of industrial uses. The ample land provides room for future expansion, making it a sound investment for long-term growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $530,000
- ML approach
- $520,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $460,000
- 6.5%
- $425,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $642,000
- AI Estimate
- $574,000
Market price range: $209k - $642kMarket price range: $196k - $574k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $435,000 Current use
- RESTAURANT
- $655,000 Change: +50% Conversion: Difficult
- MEDICAL BUILDING
- $560,000 Change: +28% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $495,000 Change: +13% Conversion: Easy
- OFFICE BUILDING
- $485,000 Change: +12% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $465,000 Change: +6% Conversion: Moderate
- RETAIL STORES
- $370,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0732
- Latitude
- 41.3723
- 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
$14,899
$6,738
$198,191
$204,929
-
$19,250
$566,260
$585,510
