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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
7405 Industrial Pkwy Dr, Lorain, OH 44053-2064
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0197218
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
9,300 SF
Lot
2.45 ac (106,722 SF)
APN
01-00-023-000-036
UPID
US66-0197218
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
-
HPC Manufacturing Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Roc S Truck & Trailer Repair INC · 3 yrs held
Roc S Truck & Trailer Repair INC
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$865,000
+57.1%
Restaurant
$830,000
+50.6%
Office building
$800,000
+45.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$700,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$550,000
Current use
MEDICAL BUILDING
$865,000
Change: +57% · Conversion: Difficult
RESTAURANT
$830,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$575,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $650k (Feb 8 2023)
Last sale anchor
$650k
Feb 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,576
Tax year 2023
Assessed value
$120,155
Assessed 2023
Previous assessed
$120,160
0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$26,068
Assessed improvement
$94,087
Land market value
$74,480
Improvement market value
$268,820
Total market value
$343,300
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Units
1
Total area
9,300 SF
Lot
2.45 ac (106,722 SF)
APN
01-00-023-000-036
UPID
US66-0197218
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$865,000
RESTAURANT
Est. value
$830,000
OFFICE BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$765,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
RETAIL STORES
Est. value
$575,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Units
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Roc S Truck & Trailer Repair INC
Entity
Mailing address
7425 INDUSTRIAL PKWY DR, LORAIN, OH 44053-2064
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Roc S Truck And Trailer Repair INC
—
Deed
related
$581,266 · Wesbanco Bank INC
Feb 8, 2023
$650,000
Roc S Truck & Trailer Repair INC
Drake Family Limited Liability Prtn
Warranty Deed
—
Feb 2, 2018
—
Drake Family Limited Liability
—
Deed
related
$100,000 · Buckeye Community Bank
May 8, 2015
—
Drake Family LLP
Drake Family Partnership
Warranty Deed
$300,000 · Buckeye Community Bank
Dec 6, 2006
$415,000
Drake Family Ptshp
Ron Gargiulo Pipe Supply INC
Warranty Deed
—
Feb 17, 2006
—
Ronald Gargiulo
Gargiulo,barbara A
Quit Claim Deed
related
—
—
—
Drake Family General Ptshp
—
Deed Of Trust
related
$301,800 · Lorain National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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