Property profile

8989 Lk Rd Seville, OH 44273

OFF-MARKET
Other warehouses
Property ID
US66-2222266
452,520 SF 39.04 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A 140,314-square-foot warehouse facility with a cross-dock configuration featuring a 130-foot truck court that can be expanded to 180 feet when combined with trailer parking. The building includes an ESFR fire suppression system and LED high-bay lighting, with a 36-foot clear height. The warehouse is served by 26 dock doors (each 9 feet by 10 feet) arranged in a cross-dock layout, supported by 80 levelers rated for 35,000 lb. Structural layout includes 54 feet by 50 feet column spacing in the north-south direction and 60-foot speed bays. Exterior access includes two drive-in doors measuring 12 feet by 14 feet. The site provides 188 car parking spaces (expandable) and 116 trailer parking stalls for 50-foot trailers (expandable).

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2022
Total area 452,520 SF
Lot 39.04 ac (1,700,539 SF)
APN 041-15B-44-025
UPID US66-2222266

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8989 Lk Rd Seville, OH 44273-9545
Seville metro Census 412000 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.32M

Owner & transaction history

since 2022
Last sale
$3.4M
4 recorded transactions
2022
Price N/A
2022
$3.4M
2022
Price N/A
2021
$460,000

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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