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Property profile & analytics
OFF-MARKET Estimated value $510,000
Retail space

167 Cleveland St Elyria, OH 44035-6158

7,598 SF 0.32 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-2039939
Property summary
AI-generated overview

This exceptional 7,598-square-foot flex/warehouse space presents a unique opportunity for businesses seeking a versatile location in Elyria, Ohio. Previously occupied by a Salvation Army Thrift Store, the property offers a single-tenant occupancy in a 0.32-acre lot. The building's substantial size provides ample room for various operational needs, whether it's storage, light manufacturing, or retail. Located at 167 Cleveland St, Elyria, OH 44035, this property boasts convenient access to major transportation routes, making logistics and distribution seamless. The entire 7,598 square feet is currently vacant and ready for immediate occupancy. The property's classification as both retail and industrial allows for a wide range of potential uses, catering to diverse business models. Its location in Lorain County offers access to a robust workforce and established infrastructure. This single-tenant building provides a cost-effective solution for businesses seeking a functional and spacious workspace. The property's size and layout offer significant flexibility for customization to meet specific business requirements. This is an excellent opportunity to establish a strong presence in a thriving Ohio community. The property is available for lease and is ready for immediate occupancy. Interested parties are encouraged to inquire further.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 7,598 SF
Lot 0.32 ac (13,939 SF)
APN 06-25-070-101-006
UPID US66-2039939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Salvation Army Thrift Store Elyria, OH Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k
Owner & transaction history
Sterling Mgmt LLC · 4 yrs held
Sterling Mgmt LLC
since 2022
Last sale
$555,670
1 recorded transaction
2022
$555,700
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $830,000 +77.6%
Medical building $710,000 +51.3%
Auto repair, garage $625,000 +33.7%
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