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Property profile & analytics
FOR LEASE
Medical Office Space

4804 Leavitt Rd Lorain, OH 44053

14,431 SF 7.52 ac lot
Entity Owned Free & Clear
Property ID
US66-4187171
Property summary
AI-generated overview

This exceptional property presents a rare dual opportunity: a fully operational 15,000 square foot Class A surgery center, boasting AAAHC accreditation and Medicare Deem certification, is available for sale or lease. The turnkey facility is ideal for various surgical specialties. Alternatively, the 7.52-acre lot offers significant redevelopment potential. Zoned B-2 General Commercial, the site allows for a diverse range of uses, including restaurants, hotels, financial institutions, medical clinics, and childcare facilities. Its prime location at a signalized intersection provides exceptional visibility and accessibility, situated directly across from major retailers such as Walmart, Kohl's, and Home Depot. The property benefits from its proximity to Route 2 and the recent influx of new businesses, including Meijer, Chick-fil-A, Panda Express, and Raising Cane's. The 650-foot frontage allows for divisible pads as small as one acre, making it an attractive option for various retail developments. Built in 1997, this property offers a unique blend of existing income potential and future development possibilities. The site's size and location make it an ideal investment for both owner-users and investors seeking high-growth potential in a thriving market. The property is currently occupied, and direct contact with the tenant should be avoided.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Total area 14,431 SF
Lot 7.52 ac (327,571 SF)
APN 02-02-003-101-046
UPID US66-4187171
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
  • Malak Osama a MD Physician
  • Comprehensive Pain Care Center Inc Physician
  • Dr. Maher S. Kodsy, MD Physician
  • Dr. Girgis Emil Girgis, DO Physician
  • Lorain Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.68M
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$2.02M
Owner & transaction history
Forester Properties Ohio LLC
Forester Properties Ohio LLC
since 2025
Last sale
$2.4M
2 recorded transactions
2025
$2.4M
2004
$800,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.1M +129.1%
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