Technical
Financial
Distress signals
Property profile

12289 Leavitt Rd Oberlin, OH 44074

FOR LEASE
Strip malls
Property ID
US66-2700143
8,680 SF 6.9 ac lot Built 1983
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 12289 Leavitt Road in Oberlin, Ohio, within Lorain County's CLE - Northwest submarket. The property consists of two single-story buildings totaling 8,800 square feet situated on a 7-acre lot. The property is currently multi-tenant, offering flexible space options. Two units are immediately available for lease. Unit A offers 1,795 square feet of contiguous space, representing a prime location within this thriving retail center. Unit E provides 1,725 square feet of retail space. The minimum divisible space is 1,760 square feet, allowing for adaptability to various business needs. A significant portion of the property is currently vacant, totaling 3,555 square feet, presenting a unique chance for expansion or new tenancy. The center benefits from a strong anchor tenant, Discount DrugMart, ensuring high foot traffic and visibility. This property is ideal for businesses seeking a prominent location in a well-established retail environment. The property's location in Oberlin, Ohio, offers easy access to major transportation routes and a strong local customer base. This is a rare opportunity to secure retail space in a desirable location with significant potential for growth.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Total area 8,680 SF
Lot 6.9 ac (300,564 SF)
APN 09-00-056-000-040
UPID US66-2700143

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
  • Pediatrician Medical Clinic
  • Pediatrician Medical Clinic
  • Food Market Restaurant
  • Pharmacy
  • Pediatrician Medical Clinic

Location

12289 Leavitt Rd Oberlin, OH 44074
Oberlin metro Census 57100 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$400k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.3M +87.8%
Medical building $810,000 +20.8%
Warehouse, storage $775,000 +15.5%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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