Property profile

587 Ternes Ln Elyria, OH 44035

OFF-MARKET
Industrial properties
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Property ID
US66-5179571
23,640 SF 3.33 ac Built 1992
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$458k
Assessed land$64k
Assessed improvement$394k
Effective rate7.27%

Value estimate

· Nov 2026
$605k
$545k – $666k
CAP approach$1.38M
Submarket $/SF estimate$1.49M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$22 – $115
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.7
Restaurant24.2
Law Firm23.2

Location

587 Ternes Ln Elyria, OH 44035-6251
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
38830 Taylor, North Ridgeville, OH 44035-6254 $1,150,000 Nov 2024 27,500 SF
1301 Lowell, Elyria, OH 44035-4864 $42,500 Oct 2024 27,200 SF
680 Sugar, Elyria, OH 44035-6310 $900,000 Sep 2024 25,600 SF
120 Keep, Elyria, OH 44035-2215 $1,272,000 Aug 2024 10,274 SF
7974 Murray Rdg, Elyria, OH 44035-2065 $450,000 Aug 2024 8,700 SF
131 Williams, Elyria, OH 44035-6127 $305,000 May 2024 31,258 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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