Technical
Financial
Distress signals
Property profile

901 Cleveland St Elyria, OH 44035

FOR LEASE
Industrial properties
Property ID
US66-5355302
149,494 SF 18.05 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 901 Cleveland Street in Elyria, Ohio, presents a significant leasing opportunity. The single-tenant warehouse boasts a substantial 450,300 square feet of space, all currently vacant and ready for immediate occupancy. Situated on a generous 36-acre lot, the property offers ample room for expansion or future development. The warehouse features impressive ceiling heights ranging from 14 to 22 feet, providing significant vertical storage capacity. Loading and unloading are facilitated by 23 loading docks and 4 drive-in doors, ensuring efficient logistics. Parking is abundant, with over 600 spaces available, including over 400 conveniently located on the east side of the property. The property is powered by a robust electrical system, including a 69 KV, 12,470-volt transformer and 480 3-phase power. The property is located in Lorain County, Ohio, with a zip code of 44035. This expansive warehouse is ideal for businesses requiring significant space, high ceilings, and ample parking and loading capabilities. The property's size and features make it suitable for a wide range of industrial and warehousing operations. Contact us today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 149,494 SF
Lot 18.05 ac (786,258 SF)
APN 06-25-009-000-008
UPID US66-5355302

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
  • Auto Repair Shop
  • Corporate Office
  • General Contractor
  • Auto Repair Shop

Location

901 Cleveland St Elyria, OH 44035
Elyria metro Census 70700 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.00M
Blend (final) Blend
$6.10M

Owner & transaction history

since 2024
Last sale
$6.1M
2 recorded transactions
2024
$6.1M
2024
$6.1M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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