You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $515,000
Strip malls

4486 Liberty Ave Vermilion, OH 44089-1908

5,529 SF 1.25 ac lot Built 2004
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-2180143
Property summary
AI-generated overview

Portland Plaza offers exceptional retail opportunities in a vibrant Lorain County neighborhood. This attractive strip center boasts two available spaces, one measuring approximately 945 square feet and another approximately 1,236 square feet, both immediately available. The property enjoys a highly visible corner lot location at the intersection of Liberty Avenue (Route 6), a major thoroughfare connecting Lorain and Vermilion, and Portland Drive. This strategic positioning ensures significant traffic exposure and easy accessibility for customers. The center features ample surface parking for convenient customer access. The larger space, approximately 1,236 square feet, is ready for immediate occupancy. The smaller space, approximately 945 square feet, was previously occupied by a vape shop. The property benefits from two convenient points of ingress and egress, enhancing traffic flow and accessibility. Furthermore, Portland Plaza's location directly across from the Lakeshore Shopping Center, anchored by a Giant Eagle supermarket, provides significant synergistic benefits and exposure to a substantial customer base. This is a rare opportunity to secure prime retail space in a thriving community with excellent visibility and convenient access. The property is classified as a multi-tenant retail strip center in Lorain County.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 5,529 SF
Lot 1.25 ac (54,450 SF)
APN 01-00-001-103-122
UPID US66-2180143
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
  • Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$695k
Blend (final) Blend
$515k
Owner & transaction history
Vermilion Portland Plaza LLC · 3 yrs held
Vermilion Portland Plaza LLC
since 2022
Last sale
$555,000
4 recorded transactions
2022
Price N/A
2022
$555,000
2003
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $770,000 +80.9%
Commercial (general) $570,000 +34.0%
Medical building $515,000 +20.8%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4486 Liberty Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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