Property profile

1150 Taylor St Elyria, OH 44035

OFF-MARKET
Warehouses
Property ID
US66-1608880
6,000 SF 0.35 ac lot Built 1989
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Total area 6,000 SF
Lot 0.35 ac (15,246 SF)
APN 06-25-009-000-011
UPID US66-1608880

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Factory Production Facility
  • Telecommunications Service
  • Insurance Agency

Location

1150 Taylor St Elyria, OH 44035-6281
Elyria metro Census 70700 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$425k
Comparable Approach Comparable
$642k
Blend (final) Blend
$530k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2025
$1.2M
2023
$491,000

Zoning & alternative use

Top alternative use upside
Restaurant $655,000 +50.5%
Medical building $560,000 +28.1%
Auto repair, garage $495,000 +13.3%

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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