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    24048-24180 Lorain Rd North Olmsted, OH 44070

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    For Lease
    Contact for pricing

    Landmark retail center with high visibility and long-term tenants.

    Property size:
    2,400 SF
    Lot size:
    5.51 Acres

    Property Features for 24048-24180 Lorain Rd

    General Information

    Size
    2,400 SF
    Lot size
    5.51 Acres

    Source: Carnegie Management & Development Agent Al Bogna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center in North Olmsted

    This retail center is located in North Olmsted. The location benefits from high visibility, with over 22,000 cars passing daily on Lorain Road. Many tenants have operated at this location for over 20 years. Perani's Hockey World has expanded twice at this location. The available space is suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    North Olmsted Towne Center, Northgate Shopping Center, Lauren Hill Plaza, Bentley Coe Plaza, Victory Plaza

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8892069
    Latitude
    41.4302677

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    FAQs

    What type of property is this?
    Shopping center - Landmark retail center with high visibility and long-term tenants.
    Where is this shopping center located?
    The property is located at 24048-24180 Lorain Rd North Olmsted, OH.
    What are key features of this property?
    This property features: - Landmark retail center.; - High visibility: over 22,000 cars daily.; - Many tenants in operation for over 20 years.
    (440) 892-6800
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    24048-24180 Lorain Rd North Olmsted, OH 44070
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    Realmo Value Estimation

    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.

    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.

    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
    24048-24180 Lorain Rd North Olmsted, OH 44070
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