Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vacant Land in Lorain, OH Title is generated by Realmo AI

    V/L Maryland Avenue, Lorain, OH 44052

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Lorain, OH

    Lot size:
    0.18 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    96
    Last Refresh:
    May 27 at 11:06 am

    Property Features for V/L Maryland Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    APN
    03-00-050-111-010
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COLORADO PK ALLOT 37.00 X 116.00 S/L 221, COLO PK FRNT 0037.00 DPTH 0116.00
    Tax Annual Amount
    158

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Christina L Coughlin
    Christina L Coughlin

    Listing agent Christina L Coughlin License #2015001882

    Listing office Russell Real Estate Services 201 N Leavitt Road, Strongsville, OH

    Listing date Feb 20, 2026

    MLS# 5188142 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant parcel suitable for building a new home or future development.
    • Located in an established neighborhood on Maryland Ave in Lorain.
    • Convenient access to local shopping, parks, schools, and major roadways.
    • Public water and sewer available.
    • On‑street parking available.
    • Opportunity to invest in land.

    Overview

    This vacant parcel, situated on Maryland Ave in Lorain, presents an opportunity for constructing a new home, investing in land, or securing property for future development. Located in an established neighborhood, the 0.18-acre lot is conveniently near local shopping, parks, schools, and major roadways, providing easy access to everyday amenities while maintaining a residential feel. Prospective buyers are advised to perform their own due diligence regarding zoning, building requirements, and utility availability. This property offers a chance to own land and create something new in Lorain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1532725
    Latitude
    41.4700441

    Nearby Similar for Sale

    • $799,900
      15,000 SF

      Downtown Lorain Professional Office Building

      Well-maintained office building in Lorain's revitalization district.
      520 Broadway, Lorain, OH 44052
      View Details
    • $109,500
      3,225 SF

      Lorain Multifamily Investment Opportunity

      Two-unit property in Lorain, Ohio, with income potential.
      1813 Lexington Avenue, Lorain, OH 44052
      View Details
    • $109,500
      3,225 SF

      Lorain Multifamily Investment Opportunity

      Two-unit property with income potential in Lorain, Ohio.
      1813 LEXINGTON AVENUE, LORAIN, OH 44052
      View Details
    • $155,000
      2,274 SF

      Income-Producing Duplex with Recent Updates

      Updated duplex in Lorain, OH, with strong rental income.
      508 W 23rd Street, Lorain, OH 44052
      View Details
    • $325,000
      11,062 SF

      Downtown Lorain Mixed-Use Opportunity

      Revitalized downtown location suitable for culinary, retail, office, or mixed-use.
      422 Broadway Avenue, Lorain, OH 44052
      View Details
    • $160,000
      1,584 SF

      Remodeled Duplex with Income Potential

      Updated duplex with separate driveways and large backyard.
      1627 E 33rd Street, Lorain, OH 44055
      View Details
    • $215,000
      2,224 SF

      Renovated Brick Duplex Opportunity

      Updated duplex with new systems, modern finishes, and income potential.
      2400 Oberlin Avenue, Lorain, OH 44052
      View Details
    • $1,497,600
      24,960 SF

      Lorain Manufacturing/Warehouse Facility For Sale

      24,960 SF manufacturing/warehouse on 3.45 acres for sale.
      2201 W Park Dr, Lorain, OH 44053
      View Details
    • $149,900

      Lorain Commercial Lot Near Downtown

      Commercial lot in Lorain, ready for redevelopment or adaptive reuse.
      1122 F Street, Lorain, OH 44052
      View Details
    • $125,000

      Lorain Duplex: Income Opportunity

      Duplex in Lorain, OH with built-in income potential.
      2228 E 30th Street, Lorain, OH 44055
      View Details
    • $4,525,000
      73,360 SF

      Two Industrial Buildings For Sale

      Two industrial buildings totaling 73,360 SF on 11.01 acres.
      7425-7405 Industrial Parkway Dr, Lorain, OH 44053
      View Details
    • $140,000

      Lorain Mixed-Use Landmark Building

      Mixed-use building with retail and residential income potential.
      1605 Broadway, Lorain, OH 44052
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant parcel for new construction or investment in Lorain.
    Where is this residential land & home lot located?
    The property is located at V/L Maryland Avenue Lorain, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant parcel suitable for building a new home or future development.; Located in an established neighborhood on Maryland Ave in Lorain.; Convenient access to local shopping, parks, schools, and major roadways.
    (440) 742-4644
    We can help!
    Listing Contact
    Christina L Coughlin
    Christina L Coughlin
    Real Estate License ID: 2015001882
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    V/L Maryland Avenue, Lorain, OH 44052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!