Technical
Financial
Distress signals
Property profile

938 13th St Lorain, OH 44052

OFF-MARKET
Industrial properties
Property ID
US66-1173131
16,696 SF 0.61 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents two industrial buildings totaling 15,167 square feet, situated on a 26,572 square foot lot in Lorain, Ohio. The property includes 915 square feet of office space and a 1,400 square foot garage featuring four 9-foot garage doors. Warehouse features include eight overhead doors (14' & 10'), one exterior loading dock, and two interior 9-foot sliding fire doors connecting the buildings. Clear heights reach 16' and 14', supported by ample 3-phase, 600-amp, 220-volt power. A fenced parking lot and well-maintained roof and driveway enhance the property's appeal. Currently utilized for cold storage, the property benefits from three month-to-month tenants. The property is zoned PUD and offers a compelling owner-user or investment opportunity within an Opportunity Zone. The asking price is $375,000, with a gross lease in place. Built in 1965, this single-story property consists of two buildings, offering a combined 17,500 square feet of space. The property's excellent condition and strategic location make it an attractive prospect for a variety of uses.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1965
Total area 16,696 SF
Lot 0.61 ac (26,572 SF)
APN 02-01-006-124-025
UPID US66-1173131

Cap rate & NOI

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

Location

938 13th St Lorain, OH 44052-3545
Lorain metro Census 97300 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$350,000
2 recorded transactions
2025
$350,000
2016
$45,000

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
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?”
You own 938 13th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message