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Financial
Distress signals
Property profile

2222 Fairless Dr Lorain, OH 44055

FOR LEASE
Strip malls
Property ID
US66-1773763
45,780 SF 2.97 ac lot Built 1977
Last sale Aug 2022 · $300
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 45,140 square foot, single-story shopping center located at 2222 Fairless Dr, Lorain, OH 44055. Built in 1966, this grocery-anchored property sits on a 2.97-acre lot and boasts 96% occupancy with four tenants. The asking price is $1,600,000, representing a compelling price per square foot of $35.45 and a strong 10.04% capitalization rate, with a current NOI of $160,560. The property benefits from a weighted average lease term (WALT) of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$207k
Assessed land$43k
Assessed improvement$164k
Effective rate7.86%

Value estimate

· Oct 2026
$1.10M
$986k – $1.20M
Submarket $/SF estimate$1.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$77/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$36 – $129

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.5
Law Firm22.9
Restaurant20.0

Location

2222 Fairless Dr Lorain, OH 44055
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 18 properties in this city
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
2241 42nd, Lorain, OH 44055-3501 $350,000 Dec 2018 9,658 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable in this city
6 properties of the same type in this city
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Ask anything about this address in plain English.
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More about this property
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