Property profile

1270 Colorado Ave Lorain, OH 44052

OFF-MARKET
Warehouses
Property ID
US66-5178415
7,540 SF 0.53 ac lot
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This offering presents a strategic opportunity to acquire two vacant industrial buildings totaling 7,540 square feet situated on 2.72 acres in Lorain, Ohio. The main building at 1270 Colorado Avenue comprises 7,540 square feet of single-story space, featuring a 12-foot ceiling height and one drive-in. The property is zoned for Light Industrial use and benefits from its convenient location within five miles of I-90, near the intersection of Route 2 and I-80 (Ohio Turnpike), and situated between US 6 and OH SR 57. This location offers excellent access to major transportation arteries. Furthermore, the property is located within Lorain County Opportunity Zone 39093023000, potentially providing preferential tax treatment. The building is currently vacant, presenting a blank canvas for a new owner's vision. A 35-minute drive (23 miles) connects the property to Cleveland and Cleveland-Hopkins International Airport. The asking price for this building is $299,000. Note that this listing is for 1270 Colorado Avenue only

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 7,540 SF
Lot 0.53 ac (23,087 SF)
APN 02-00-051-141-039
UPID US66-5178415

Cap rate & NOI

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

Location

1270 Colorado Ave Lorain, OH 44052-3314
Lorain metro Census 23000 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2025
Last sale
$440,000
3 recorded transactions
2025
$270,000
2024
Price N/A
2023
$440,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1270 Colorado Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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