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Property profile & analytics
FOR LEASE
Retail space
34441 Center Ridge Rd North Ridgeville, OH 44039
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2594712
For Lease
1 / 2
$16 SF/Yr
34441 Center Ridge Rd, North Ridgeville, OH 44039
View Listing →
Property summary
AI-generated overview
This exceptional 4,370 square foot freestanding retail space is ideally situated on Center Ridge Road in North Ridgeville, Ohio, within the Highway Commercial District (B3) zoning. The property boasts excellent visibility and accessibility, making it an attractive opportunity for businesses seeking high traffic exposure. Located in Lorain County, at 34441 Center Ridge Road, zip code 44039, this single-building property offers multiple tenancy options, perfect for a variety of retail uses. Its strategic location ensures convenient access for customers and employees alike. The property's prominent position on Center Ridge Road guarantees significant foot and vehicle traffic, providing unparalleled opportunities for brand visibility and customer engagement. This is a rare opportunity to secure a well-positioned retail space in a thriving Ohio community. The property's zoning designation allows for a wide range of commercial uses, providing flexibility for potential tenants. Serious inquiries are encouraged to explore the possibilities this exceptional retail space presents. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
9,900 SF
Lot
0.55 ac (23,958 SF)
APN
07-00-016-104-121
UPID
US66-2594712
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
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$505k
Owner & transaction history
34441 Center Ridge Plaza LLC · 14 yrs held
34441 Center Ridge Plaza LLC
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+9.6%
Commercial (general)
$815,000
+9.4%
Warehouse, storage
$810,000
+8.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Ridgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Ridgeville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$745,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$810,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,421
Tax year 2023
Assessed value
$194,618
Assessed 2023
Previous assessed
$169,280
+15.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$47,369
Assessed improvement
$147,249
Land market value
$135,340
Improvement market value
$420,710
Total market value
$556,050
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1980
Heating
NONE
Stories
1
Units
1
Total area
9,900 SF
Lot
0.55 ac (23,958 SF)
APN
07-00-016-104-121
UPID
US66-2594712
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
34441 Center Ridge Plaza LLC
Entity
Mailing address
5640 BROAD BLVD, N RIDGEVILLE, OH 44039-2210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2011
$300,000
34441 Center Ridge Plaza LLC
Pitts Plaza LP
Grant Deed
—
—
—
34441 Center Ridge Plaza LLC
—
Deed Of Trust
related
$300,000 · Ohio Commerce Bank
—
—
34441 Center Ridge Plaza LLC
—
Deed Of Trust
related
$169,747 · Peoples Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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