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Property profile & analytics
OFF-MARKET Estimated value $1,335,000
Strip malls

26614 Lorain Rd North Olmsted, OH 44070

12,192 SF 1.29 ac lot Built 1968
Entity Owned Free & Clear
Property ID
US66-2257306
Property summary
AI-generated overview

This exceptional 12,323 square foot retail shopping center in North Olmsted, Ohio, presents a compelling investment opportunity. The property, built in 1968 and renovated in 2023, sits on a 1.293-acre lot and features a single, one-story building with five tenants: AT&T, Malley's Chocolates, Buckeye Clips, and First Federal Savings & Loan Association of Lakewood, and CLE Care. The property boasts a strong pro-forma NOI of $301,705, reflecting the stability and profitability of this fully leased, triple-net (NNN) investment. The NNN lease structure minimizes operational costs for the owner, with tenants responsible for property taxes, insurance, and maintenance. The diverse tenant mix across various sectors mitigates risk and ensures consistent revenue streams. The staggered lease expirations further reduce vacancy risk and provide a predictable cash flow. Located at 26614 Lorain Rd, North Olmsted, OH 44070, this property benefits from high visibility and convenient access, ensuring long-term value appreciation. The permitted zoning is retail, making it ideally suited for its current use and potential future expansion. This turnkey investment offers immediate and reliable income, making it an attractive addition to any portfolio. The property's prime location and strong tenant base guarantee a secure and profitable investment.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 12,192 SF
Lot 1.29 ac (56,323 SF)
APN 232-26-010
UPID US66-2257306
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.34M
Owner & transaction history
Sparky Lane Holdings LLC
Sparky Lane Holdings LLC
since 2026
2 recorded transactions
2026
$3.6M
2019
$3.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.2M +68.4%
Office building $2.0M +53.9%
Medical building $1.3M +3.5%
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