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    38296 Colorado Ave Avon, OH 44011

    • Parking lots & garages
    • 2,021 SF
    • 2.83 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US66-2285218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Costa Oil - 10 Minute Oil Change - Avon / Oil Change Service

    Property Details for 38296 Colorado Ave

    Year built
    2002
    Lot size
    2.83 lot acres
    Property size
    2,021 SF
    Property type
    Parking lots & garages
    APN
    04-00-003-102-027
    APU
    400003102027

    Description

    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Avon, Ohio. Boasting unparalleled visibility from Interstate 90 at the State Route 611 interchange, this site benefits from over 76,000 vehicles passing daily. The property is ideally situated near a 108,000 square foot BJ's Wholesale Club, anchoring a thriving commercial development. The location offers convenient access to the prime western suburbs of Cleveland, including Avon, Avon Lake, Westlake, Sheffield, Bay Village, and Elyria. Major employers such as the Ford Assembly Plant, Cleveland Clinic, and Lubrizol Corporation are nearby, ensuring a strong and stable workforce. Adding to the area's appeal are amenities such as the 3,500-seat Lake Erie Crushers baseball stadium, a YMCA, and the T3 Performance Athletic Training Facility, all conveniently located at this interchange. This site is available for sale, ground lease, or build-to-suit options, providing flexibility for various development scenarios. The high traffic count, strong local economy, and excellent amenities make this a truly exceptional opportunity for commercial development. Don't miss this chance to secure a prime location in a rapidly growing area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $400,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $315,000
      Mixed-Use
      $325,000
      Hospitality
      $385,000
      Educational
      $415,000
      Residential Income
      $405,000
      Energy
      $330,000
      Income-Based Land
      $415,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0514
    Latitude
    41.463
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,855
    $99,050
    $101,189
    $200,239
    -
    $283,000
    $289,110
    $572,110

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Colorado Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.04 Acres
      Colorado Ave, Avon, OH 44011
      View Details
    • Value Estimation
      $300,000
      5,040 SF

      32094 Detroit Rd

      PARKING GARAGE, PARKING STRUCTURE • 5,040 SF
      32094 Detroit Rd, Avon, OH 44011-2002
      View Details
    • Value Estimation
      $470,000
      6,144 SF

      1370 Nagel Rd

      PARKING GARAGE, PARKING STRUCTURE • 6,144 SF
      1370 Nagel Rd, Avon, OH 44011-1333
      View Details
    • Value Estimation
      $265,000
      0.29 Acres

      Colorado Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.29 Acres
      Colorado Ave, Avon, OH 44011
      View Details
    • Value Estimation by Request
      1,517 SF

      Detroit Rd

      PARKING GARAGE, PARKING STRUCTURE • 1,517 SF
      Detroit Rd, Avon, OH 44011
      View Details
    • Value Estimation by Request
      1,100 SF

      2555 Hale St

      PARKING GARAGE, PARKING STRUCTURE • 1,100 SF
      2555 Hale St, Avon, OH 44011-1856
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Avon, OH Development Site

      High-traffic location, prime redevelopment opportunity.
      1500 Nagel Rd, Avon, OH 44011
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      Profitable Investment Opportunity in Avon

      Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.
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      Avon Retail Property For Sale

      Retail property available for sale in Avon, Ohio.
      35351 Chester Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space in Avon Commons

      Retail property with high visibility and large available space.
      35830 Detroit Rd, Avon, OH 44011
      View Details
    • $1,250,000
      0.39 Acres

      Historic Avon Restaurant/Bar Opportunity

      Established restaurant/bar location with long-term tenant in place.
      36816 Detroit Rd, Avon, OH 44011
      View Details
    • $19,840,000
      60,000 SF

      Avon, OH Dick's Sporting Goods Investment

      60,000 SF Retail Investment Opportunity
      35521 Chester Rd, Avon, OH 44011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,192 SF

      Avon Retail Land - I-90 Corridor

      Prime 1+ acre outparcel; high-growth area.
      1813 Nagel Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Avon, Ohio

      Retail space available in a shopping center with highway visibility.
      35966 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,833 SF

      Retail Space in Avon, Ohio

      Retail space available in a busy shopping center.
      35970 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      2,284 SF

      Retail Space Near Cleveland Clinic

      Retail space anchored by Cleveland Clinic in Avon, Ohio.
      1485 Nagel Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      1,411 SF

      Avon Retail Space - Drive-Thru Available

      High-traffic Avon retail space, drive-thru ready.
      36290 Detroit Rd, Avon, OH 44011
      View Details
    • Contact for pricing
      7,500 SF

      Prime Retail Space Available

      Retail space in high-traffic area near major retailers.
      35858 Detroit Rd, Avon, OH 44011
      View Details
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    38296 Colorado Ave
    Avon, OH 44011
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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
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