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Property profile & analytics
OFF-MARKET Estimated value $805,000
Strip malls

8023 Crile Rd Concord Township, OH 44077-9180

60,053 SF 9.48 ac lot Built 1971
Entity Owned 10-yr Hold Free & Clear
Property ID
US66-0633726
Property summary
AI-generated overview

This exceptional retail warehouse property, located at 8023 Crile Rd in Painesville, Ohio, offers a total of 12,205 square feet of space currently available for lease. The property is comprised of two suites, providing flexibility for various business needs. Individual suites range in size from a minimum of 1,620 square feet to a maximum contiguous space of 10,585 square feet, making it suitable for a variety of tenants. The entire 12,205 square feet is currently vacant, presenting a unique opportunity for a single large tenant or the potential for two separate occupants. Ample parking is provided with 69 spaces available for customers and employees. The property is conveniently located in Lake County, Ohio, with easy access to major transportation routes (specific details not provided). This versatile space is ideal for businesses requiring both retail storefront and warehouse storage capabilities. The property's zoning classification is not specified, but the existing use as a retail warehouse suggests suitability for similar businesses. The property is situated at 41.6531237 latitude and -81.2388896 longitude, in the 44077 zip code. This prime location offers excellent visibility and accessibility for customers. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Construction WOOD
Total area 60,053 SF
Lot 9.48 ac (412,992 SF)
Zoning code M
APN 08-A-020-0-00-009-0
UPID US66-0633726
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
  • Carol Nagel Realtors Real Estate Agency
  • Discount Drug Mart Grocery & Convenience Store Food Market
  • Discount Drug Mart Deli Food Market Restaurant
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$889k
Blend (final) Blend
$805k
Owner & transaction history
Concord Dev Co LLC · 10 yrs held
Concord Dev Co LLC
since 2015
7 recorded transactions
2020
Price N/A
2015
$1.5M
2011
$705,000
2003
$200,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

To provide a Manufacturing (M) District that accommodates the development of light manufacturing enterprises which shall operate in a clean and quiet manner

Zone name Manufacturing
General category INDUSTRIAL
Zone area 14.34 ac
Source Realmo
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