Property profile

5401 Baumhart Rd Lorain, OH 44053

OFF-MARKET
Other warehouses
Property ID
US66-4175669
16,920 SF 121.2 ac lot Built 1990
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 75,576-square-foot warehouse is located on Baumhart Rd in Lorain, Ohio, with convenient access to State Route 2 and the Ohio Turnpike. The facility includes a rail setup for vehicle loading and unloading, and it is configured to support warehouse operations.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Total area 16,920 SF
Lot 121.2 ac (5,279,472 SF)
APN 01-00-007-103-009
UPID US66-4175669

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • Department Store
  • Freight Service Logistics Company
  • Specialty Food Shop Farmer's Market
  • Industrial Manufacturer Production Facility

Location

5401 Baumhart Rd Lorain, OH 44053-2078
Lorain metro Census 97201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$590k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2016
Price N/A
2012
$2.7M
2010
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.5M +50.6%
Office building $1.5M +45.5%
Auto repair, garage $1.4M +38.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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