938 13th St Lorain, OH 44052-3545
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.