Entity Owned 
For Sale
1 / 4
$415,000
1744 Iowa Ave, Lorain, OH 44052
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Property summary
AI-generated overview
This offering presents a strategic opportunity to acquire a pair of single-story industrial buildings totaling 15,786 square feet on a 2.72-acre lot in Lorain, Ohio. The property, zoned for light industrial use, features a 16-foot ceiling height, one loading dock, and one drive-in. Currently 100% occupied by a single tenant under a sale-leaseback agreement with a remaining term of five years at a monthly rent of $3,500. The sale price is $459,000. This prime location offers convenient access to I-90, Route 2, I-80 (Ohio Turnpike), US 6, and OH SR 57, placing it within a 35-minute drive of Cleveland and Cleveland-Hopkins International Airport. The property is situated within Lorain County Opportunity Zone 39093023000, potentially offering preferential tax treatment. This is an exceptional opportunity for investors seeking a stable, income-generating asset with strong potential for future growth in a desirable location. The property is offered as a sale-leaseback, providing immediate cash flow and long-term lease security. The building's functional layout and ample space make it suitable for a variety of industrial uses.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
12,106 SF
Lot
0.59 ac (25,700 SF)
APN
02-00-051-141-043
UPID
US66-5178416
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
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$475k
Owner & transaction history
since 2024
Last sale
$440,000
2 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$475k
Value range
$428k – $523k
±10% around blend
Estimated value / SF
$39 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$428k
blend $475k
$523k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,106 SF
Lot area
0.59 ac
Stories
1
APN
02-00-051-141-043
Assessed value
$105,158
Annual tax
$8,263
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,263
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$755k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.8 mi away · 9,032 SF
18.3 mi away · 10,752 SF
19.5 mi away · 10,080 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$475k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 38 sales
$59
-34%
County 159 sales
$82
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$852k
Move the market yield to see immediate price impact.
Value / SF
$70
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$54k
$1.07M
$767k
$596k
$60k
$1.19M
$852k
$663k
$66k
$1.31M
$937k
$729k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$860k
11.6 mi · Oct 2025 · $67/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,263
Tax year 2023
Assessed value
$105,158
Assessed 2023
Previous assessed
$105,160
0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$14,336
Assessed improvement
$90,822
Land market value
$40,960
Improvement market value
$259,490
Total market value
$300,450
Applied tax rate
42.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
12,106 SF
Lot
0.59 ac (25,700 SF)
APN
02-00-051-141-043
UPID
US66-5178416
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
0.59 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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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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