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Property profile & analytics
FOR SALE
Office buildings

37040 Colorado Ave Avon, OH 44011

1,176 SF 0.13 ac lot Built 2017
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US66-0373895
Property summary
AI-generated overview

This exceptional 0.13-acre office building, located at 37040 Colorado Avenue in the thriving city of Avon, Ohio, presents a compelling investment opportunity. The property boasts a completely remodeled interior, completed in 2017, from the studs up. This extensive renovation included a new HVAC system with updated ductwork, a replacement hot water tank, all new windows, a comprehensive electrical upgrade, and superior insulation achieved through a combination of spray foam and fiberglass. Accessibility features were also enhanced with the installation of a handicap-accessible ramp. Exterior improvements are equally impressive, featuring new siding, gutters, and a chimney replacement completed in 2021. Further enhancing the property's functionality and longevity, a new drainage system was installed in 2023. The building currently benefits from long-term tenants, ensuring a stable and predictable income stream. This property's combination of recent upgrades, desirable location in the heart of Avon, and established tenancy makes it an ideal investment for discerning buyers seeking a high return on investment in a prime commercial location. The asking price is $399,000. The square footage is not currently available.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Construction WOOD FRAME
Total area 1,176 SF
Lot 0.13 ac (5,663 SF)
APN 04-00-010-111-031
UPID US66-0373895
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
Current use
Occupant on record · Public records
  • 26Made Video Editing Service
  • Bremke Law, LLC Law Firm
  • Downs Legal Services, LLC Law Firm
  • Preferred Care at Home of Lorain County Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bs Rentals LLC · 9 yrs held
Bs Rentals LLC
since 2016
4 recorded transactions
2021
Price N/A
2019
Price N/A
2016
$55,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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