Technical
Financial
Distress signals
Property profile

26368 Lorain Rd North Olmsted, OH 44070

OFF-MARKET
Turn key restaurants
Property ID
US66-1886748
0.23 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, 1,700 square foot Quick Service Restaurant (QSR) building situated on a 0.46-acre lot in the thriving city of North Olmsted, Ohio. Built in 1965, the freestanding structure boasts a convenient drive-thru, a significant advantage for quick and efficient customer service. The property is ideally located on Lorain Road, near the prominent Great Northern Mall, ensuring high visibility and accessibility to a substantial customer base. The building offers excellent visibility thanks to prominent pylon signage. With a total of 1,653 square feet of space, the property is priced at $800,000, translating to $483.97 per square foot. The property's strategic location provides easy egress access to a traffic signal on Silverdale Road, further enhancing its appeal to potential tenants. This vacant QSR presents a unique chance to establish or relocate a thriving food service business in a high-traffic area with strong potential for growth and return on investment. The property's size and features make it suitable for a variety of QSR concepts. The address is 26368 Lorain Rd, North Olmsted, OH 44070.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.23 ac (10,170 SF)
APN 232-28-053
UPID US66-1886748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

26368 Lorain Rd North Olmsted, OH 44070-3201
North Olmsted metro Census 174105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2025
Last sale
$620,000
5 recorded transactions
2025
Price N/A
2025
$735,000
2022
Price N/A
2022
$620,000
2011
Price N/A

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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