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    32499 Lorain Rd North Ridgeville, OH 44039

    • Gas stations
    • 1,708 SF
    • 1.00 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Last Sale
    Sep 13, 2023
    $1,200,000
    Location Intelligence
    Property ID
    US66-1293536
    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

    • Gas stations

    Property Details for 32499 Lorain Rd

    Year built
    1965
    Lot size
    1.00 lot acres
    Property size
    1,708 SF
    Property type
    Gas stations
    APN
    07-00-003-102-065
    APU
    700003102065

    Description

    This exceptional 1-acre commercial lot in North Ridgeville, Ohio (APN 0700003102065), is perfectly situated for immediate development. Located at 32499 Lorain Rd, 44039, this property boasts a highly desirable B-3 Highway Commercial District zoning (Chapter 1268), allowing for a wide range of retail, restaurant, and service uses, including car washes. The site, measuring approximately 213' x 576', benefits from two existing curb cuts and shared access with a neighboring Starbucks, ensuring optimal traffic flow and visibility at a signalized intersection. Daily traffic counts average approximately 17,451 vehicles. This prime location is within a thriving retail corridor, adjacent to a new Starbucks and surrounded by established businesses such as McDonald's, Burger King, Culver's, Panera Bread, Sheetz, Chipotle, Taco Bell, Dunkin', Kindercare, and University Hospitals. The previous building has been demolished, leaving the site cleared and ready for construction. A comprehensive due diligence package is available for prospective buyers. Asking price is $1,200,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $1,185,000
      7%
      $1,155,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,105,000
      Geo Method
      $1,125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $910,000
      Retail
      $1,120,000
      Mixed-Use
      $970,000
      Hospitality
      $975,000
      Educational
      $810,000
      Residential Income
      $1,105,000
      Energy
      $955,000
      Income-Based Land
      $895,000
      Food Service
      $1,005,000

    Location Insight

    • Map
    • Local Demand
    City
    North Ridgeville
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9775
    Latitude
    41.3842
    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
    $18,344
    $244,209
    $21,791
    $266,000
    -
    $697,740
    $62,260
    $760,000

    Comparable in this City

    • Value Estimation
      $520,000
      832 SF

      32390 Lorain Rd

      GAS STATION • 832 SF
      32390 Lorain Rd, North Ridgeville, OH 44039-3420
      View Details
    • Value Estimation
      $495,000
      3,483 SF

      32393 Lorain Rd

      GAS STATION • 3,483 SF
      32393 Lorain Rd, North Ridgeville, OH 44039-3419
      View Details
    • Value Estimation
      $350,000
      3,219 SF

      32760 Lorain Rd

      GAS STATION • 3,219 SF
      32760 Lorain Rd, North Ridgeville, OH 44039-3428
      View Details
    • Value Estimation
      $185,000
      2,400 SF

      33600 Ctr Rdg Rd

      GAS STATION • 2,400 SF
      33600 Ctr Rdg Rd, North Ridgeville, OH 44039-2574
      View Details
    • Value Estimation by Request
      1,888 SF

      35985 Ctr Rdg Rd

      GAS STATION • 1,888 SF
      35985 Ctr Rdg Rd, North Ridgeville, OH 44039
      View Details
    • Value Estimation by Request
      644 SF

      35600 Ctr Rdg Rd

      GAS STATION • 644 SF
      35600 Ctr Rdg Rd, North Ridgeville, OH 44039-3063
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      North Ridgeville Commercial Land

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      View Details
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    32499 Lorain Rd
    North Ridgeville, OH 44039
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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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