Property profile

2221 Park Dr Lorain, OH 44053

OFF-MARKET
Warehouses
Property ID
US66-5727262
15,360 SF 1.68 ac lot Built 1971
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1971
Total area 15,360 SF
Lot 1.68 ac (73,181 SF)
APN 02-02-019-104-007
UPID US66-5727262

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
  • Building Supply Electrical Service
  • HVAC Service General Contractor

Location

2221 Park Dr Lorain, OH 44053-1158
Lorain metro Census 22601 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$434k
Blend (final) Blend
$640k

Owner & transaction history

since 2021
Last sale
$865,000
4 recorded transactions
2021
$865,000
2017
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $950,000 +4.2%

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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