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Property profile & analytics
FOR SALE
Office buildings

1670 Cooper Foster Park Rd W Lorain, OH 44053

4,032 SF 0.48 ac lot Built 1980
Individually Owned 8-yr Hold Free & Clear
Property ID
US66-1786031
Property summary
AI-generated overview

This exceptional commercial property, located at 1670 Cooper Foster Park Road W in Lorain, Ohio, presents a unique investment opportunity. The building, situated on a 0.48-acre lot, comprises four individual office suites, each originally constructed at approximately 1000 square feet. The building's history includes use as a medical office, demonstrating its suitability for healthcare-related businesses. Currently, one suite remains occupied by the owner, an attorney, highlighting the property's potential for continued income generation. The sale price is $500,000. This presents a chance to acquire a well-located, established office building with the potential for immediate income and future development. The existing layout offers flexibility for a variety of professional uses, allowing for customization to suit the needs of new tenants. The property's location in Lorain, Ohio, provides convenient access to local amenities and transportation routes. The 0.48-acre lot offers ample space for potential expansion or outdoor amenities. This is an ideal opportunity for investors seeking a stable, income-producing asset in a growing market. The property is being sold as-is. Serious inquiries are encouraged. Further details are available upon request.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 4,032 SF
Lot 0.48 ac (20,909 SF)
APN 02-02-004-112-064
UPID US66-1786031
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
  • Robert J Gargasz Co Physician
  • Top Driver Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$376k
Blend (final) Blend
$595k
Owner & transaction history
17 Rivers Ptshp · 8 yrs held
17 Rivers Ptshp
since 2017
2 recorded transactions
2017
$238,900
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $375,000 +8.0%
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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?”
More about this property
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