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Property profile & analytics
FOR SALE
Industrial properties
7470 Industrial Parkway Dr, Lorain, OH 44053
Entity Owned
~
Est. High Equity
Property ID
US66-0715243
For Sale
1 / 3
$2,340,000
7470 Industrial Parkway Dr, Lorain, OH 44053
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
36,000 SF
Lot
3.14 ac (136,778 SF)
APN
01-00-023-000-012
UPID
US66-0715243
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
-
Lorain County Automotive Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.04M
Owner & transaction history
7470 Industrial Parkway Properties
7470 Industrial Parkway Properties
since 2026
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+61.7%
Restaurant
$3.2M
+55.1%
Office building
$3.1M
+49.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,090,000
7%
$1,945,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,075,000
Current use
MEDICAL BUILDING
$3,355,000
Change: +62% · Conversion: Difficult
RESTAURANT
$3,215,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$3,105,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: +43% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,225,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10% · vs last sale $2.10M (Feb 12 2026)
Last sale anchor
$2.10M
Feb 12 2026
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
$57 / 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
$24,385
Tax year 2023
Assessed value
$445,599
Assessed 2023
Previous assessed
$445,600
0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$56,378
Assessed improvement
$389,221
Land market value
$161,080
Improvement market value
$1,112,060
Total market value
$1,273,140
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1988
Heating
NONE
Stories
1
Units
1
Total area
36,000 SF
Lot
3.14 ac (136,778 SF)
APN
01-00-023-000-012
UPID
US66-0715243
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL) 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
1988
Heating
NONE
Stories
1
Units
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
7470 Industrial Parkway Properties
Entity
Mailing address
7470 INDUSTRIAL PKWY DR, LORAIN, OH 44053-2064
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$2,100,000
7470 Industrial Parkway Properties
Lorain County Automotive Systems In
Deed
$2,000,000 · Pnc Bank NA
Mar 12, 2024
—
Lorain County Automotive Systems In
—
Deed
related
$6,500,000 · Key Bank NA
Dec 30, 2003
$700,000
Lorain County Automative Syste
Lcat Co INC
Grant Deed
—
—
—
Lorain County Automotive Syste
—
Deed Of Trust
related
$1,300,000 · Lasalle Business Credit LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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