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6001 Baumhart Rd Lorain, OH 44053-2082

OFF-MARKET Warehouses Google Maps
6,562 SF 8.96 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US66-2069723

Property summary

AI-generated overview

This exceptional 6,562-square-foot industrial property, situated on nearly nine acres of land in Lorain, Ohio, presents a compelling investment opportunity. The property, built in 1992, is classified as Class C and features a single tenancy. The building offers a versatile layout, combining ample office space, retail space, and a mechanics garage, making it suitable for a wide range of businesses. Its strategic location provides easy access to Route 2 and the Ohio Turnpike, ensuring excellent connectivity and logistical advantages. The property includes a fenced lot, enhancing security. The asking price is $1,300,000, translating to $198.11 per square foot. The property's zoning allows for flexibility in its use, catering to diverse business needs. The substantial lot size of 8.96 acres offers significant expansion potential or the possibility of developing additional structures. This property is located at 6001 Baumhart Rd, Lorain, OH 44053, in Lorain County. Leasing, owner financing, and lease-to-own options are available. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 6,562 SF
Lot 8.96 ac (390,298 SF)
APN 01-00-010-000-009
UPID US66-2069723

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
  • Garden Center Hardware & Home Improvement
  • Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
5 recorded transactions
2024
$215,000
2017
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

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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