Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    31387 Industrial Pkwy North Olmsted, OH 44070-4764

    • Manufacturing properties
    • 48,049 SF
    • 5.38 lot acres
    OFF-MARKET
    Value Estimation
    $4,585,000
    Last Sale
    Jan 19, 2023
    $4,850,026
    Location Intelligence
    Property ID
    US66-5887848
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • W.B. Mason's WhattaBargain / Furniture Store / Discount Store
    • W.B. Mason / Business To Business Service / Office Supply Wholesaler

    Property Details for 31387 Industrial Pkwy

    Year built
    1990
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.38 lot acres
    Property size
    48,049 SF
    Property type
    Manufacturing properties
    APN
    234-09-016
    APU
    23409016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,975,000
      6.5%
      $4,920,000
      7%
      $4,850,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,595,000
      Geo Method
      $5,010,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,650,000
      Retail
      $4,050,000
      Mixed-Use
      $4,865,000
      Hospitality
      $4,270,000
      Educational
      $5,380,000
      Residential Income
      $5,040,000
      Energy
      $5,180,000
      Income-Based Land
      $4,305,000
      Food Service
      $4,125,000

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9645
    Latitude
    41.3902
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,179
    $144,970
    $1,366,020
    $1,510,990
    -
    $414,200
    $3,902,900
    $4,317,100

    Comparable in this City

    • Value Estimation by Request
      3,210 SF

      23672 Lorain Rd

      MANUFACTURING (LIGHT) • 3,210 SF
      23672 Lorain Rd, North Olmsted, OH 44070-2221
      View Details
    • Value Estimation
      $580,000
      24,906 SF

      23905 Lorain Rd

      MANUFACTURING (LIGHT) • 24,906 SF
      23905 Lorain Rd, North Olmsted, OH 44070-2231
      View Details
    • Value Estimation
      $270,000
      990 SF

      3772 Clague Rd

      MANUFACTURING (LIGHT) • 990 SF
      3772 Clague Rd, North Olmsted, OH 44070-2301
      View Details
    • Value Estimation
      $370,000
      11,900 SF

      31441 Lorain Rd

      MANUFACTURING (LIGHT) • 11,900 SF
      31441 Lorain Rd, North Olmsted, OH 44070-4712
      View Details
    • Value Estimation
      $1,095,000
      12,813 SF

      28475 Lorain Rd

      MANUFACTURING (LIGHT) • 12,813 SF
      28475 Lorain Rd, North Olmsted, OH 44070-4056
      View Details
    • Value Estimation by Request
      7,000 SF

      Columbia Rd

      WAREHOUSE, STORAGE • 7,000 SF
      Columbia Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13.51 Acres

      North Olmsted Industrial Land for Sale

      13.51 Acres, Light Industrial Zoning, Excellent Access
      31500 Bradley Rd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      0.44 Acres

      Prime North Olmsted Commercial Land

      Profitable Car Wash Business for Sale
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $375,000
      0.36 Acres

      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $700,000
      0.70 Acres

      27048 Lorain Rd

      Land • 0.70 Acres
      27048 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      North Olmsted Land For Sale

      9.12 acres of land zoned Residential/Commercial in North Olmsted.
      30898 Bradley Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      Prime Retail Land Available

      0.66 acres of general retail land for sale.
      23459 Lorain Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      65,000 SF

      Industrial Space Near I-480

      Scalable industrial space with highway visibility and tax abatement.
      31350 Industrial Pkwy, North Olmsted, OH 44070
      View Details
    • $9 SF/Yr
      100,000 SF

      North Olmsted Industrial Warehouse

      Modern Warehouse Space, 65,000+ SF Available
      0 Industrial Pkwy, North Olmsted, OH 44070
      View Details
    • $9 SF/Yr
      9,845 SF

      Industrial Space with Highway Visibility

      Industrial space for lease with highway visibility, delivery October 2025.
      31369 Industrial Pkwy, North Olmsted, OH 44070
      View Details
    • $930 /Mo
      14,810 SF

      Versatile Commercial Space on Lorain

      1,000 SF commercial space on Lorain Road, North Olmsted.
      28821 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $19 SF/Yr
      4,521 SF

      Office Space with Signage Opportunity

      Office space for lease with flexible options and ample parking.
      24950 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      2,400 SF

      Retail Center in North Olmsted

      Landmark retail center with high visibility and long-term tenants.
      24048-24180 Lorain Rd, North Olmsted, OH 44070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31387 Industrial Pkwy
    North Olmsted, OH 44070-4764
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.