Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space for Rent Title is generated by Realmo AI

    5319 Meadow Lane Court, Elyria, OH 44035

    View on Map
    Claim this Listing
    For Lease
    $2,500 /Mo

    Office space available at 5319 Meadow Lane Court, Elyria, OH.

    Added:
    Jan 6, 2026
    Days on Market:
    147
    Last Refresh:
    Mar 16 at 6:48 am

    Property Features for 5319 Meadow Lane Court

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Chad Schneider
    Chad Schneider

    Listing agent Chad Schneider License #2003013268

    Listing office Russell Real Estate Services

    Listing date Jan 6, 2026

    Source Evrealestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of Russell Real Estate Services

    HighLights

    • Central air cooling to keep you comfortable all summer.
    • Natural gas heating.
    • Forced air heating throughout.
    • Built in 1998.
    • Located in Lorain County.
    • Property address: 5319 Meadow Lane (directions provided).

    Overview

    Located at 5319 Meadow Lane Court in Elyria, Ohio, this property offers office space for rent. The property is situated off N Abbe to Hoag to Meadow Lane. The building number, 5319, is displayed on the peak of the building. The location is in Lorain County.
    Location Intelligence

    Current Use by Public Records

    Dr. Rogener B. ... Medical Clinic

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0734191
    Latitude
    41.421387

    Nearby Similar for Lease

    • $1,395/Mo
      1,720 SF

      Retail Space in High-Traffic Area

      Retail-zoned property with showroom, offices, and convenient location.
      41981 N Ridge Road, Elyria, OH 44035
      View Details
    • $1,700/Mo
      1,900 SF

      Commercial Rental in High Traffic Area

      Commercial rental in Elyria, OH, near major routes and college.
      511 N Abbe Road, Elyria, OH 44035
      View Details
    • $2,500/Mo

      Professional Office Condo For Lease

      2400 sq ft office condo in prime Lorain County.
      5319 Meadow Lane Court, Elyria, OH 44035
      View Details
    • $1,863,125 SF/Yr
      8,320 SF

      Freestanding Family Dollar Store Investment

      Family Dollar store in Elyria, OH with NN lease.
      401 Lake Avenue, Elyria, OH 44035
      View Details
    • $3,000/Mo
      3,300-3,300 SF

      N Ridge

      3,300 Sq Ft commercial space with parking and highway access.
      41957 N Ridge Rd, Elyria, OH 44035
      View Details
    • $0.85 SF/Yr

      COMMERCIAL - Elyria, OH

      Commercial rental in Elyria, OH, near major routes and college.
      511 N Abbe Rd, Unit E, Elyria, OH 44035
      View Details
    • $0.85 SF/Yr

      COMMERCIAL - Elyria, OH

      Commercial rental in high-traffic area near Route 57/113 and LCCC.
      511 N Abbe Rd, Unit E, Elyria, OH 44035
      View Details
    • $12 SF/Yr
      9,473 SF

      Elyria Office Space For Rent

      Office suites available in downtown Elyria near Ely Square.
      538 Broad Street, Elyria, OH, 44035
      View Details
    • $8 SF/Yr
      45,488 SF

      Retail Spaces in Midway Crossing

      Retail units available in a 179,646 SF shopping mall.
      1599 W River Rd N, Elyria, OH
      View Details
    • $890/Mo

      Elyria Garage Space For Lease

      Functional garage space with parking, ideal for mechanics or contractors.
      193 Brace Ave, Elyria, OH
      View Details
    • Contact for pricing
      30,000 SF

      New Medical Space For Lease

      30,000 SF medical space available Summer 2026 in Elyria, OH.
      5464 Detroit Rd, Elyria, OH
      View Details
    • $12 SF/Yr
      6,290 SF

      Elyria Office Space For Lease

      Downtown Elyria office space with high visibility and ample parking.
      532 Broad St, Elyria, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available at 5319 Meadow Lane Court, Elyria, OH.
    Where is this office units located?
    The property is located at 5319 Meadow Lane Court Elyria, OH.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Central air cooling to keep you comfortable all summer.; Natural gas heating.; Forced air heating throughout.
    (440) 225-8449
    We can help!
    Listing Contact
    Chad Schneider
    Chad Schneider
    Real Estate License ID: 2003013268
    Learn More
    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
    5319 Meadow Lane Court, Elyria, OH 44035
    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!