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Property profile & analytics

27048 Lorain Rd North Olmsted, OH 44070

  • Outlet malls
  • 45,297 SF
  • 4.44 lot acres
Value Estimation
Last Sale
Aug 20, 2020
$2,400,000
Location Intelligence
Property ID
US66-1544432
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

  • Space Shop Self Storage / Self-Storage Facility / Luggage Storage Facility

Property Details for 27048 Lorain Rd

Year built
1989
Lot size
4.44 lot acres
Property size
45,297 SF
Property type
Outlet malls
APN
232-25-031
APU
23225031

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $2,195,000
  • CAP approach

    CAP return
    Estimation
    6%
    $2,175,000
    6.5%
    $2,265,000
    7%
    $2,550,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $2,305,000
    Geo Method
    $2,070,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $2,380,000
    Retail
    $1,960,000
    Mixed-Use
    $2,270,000
    Hospitality
    $2,335,000
    Educational
    $2,635,000
    Residential Income
    $2,680,000
    Energy
    $2,095,000
    Income-Based Land
    $2,380,000
    Food Service
    $2,575,000

Location Insight

  • Map
  • Local Demand
City
North Olmsted
County
Cuyahoga
State
Ohio
Longitude
-81.9219
Latitude
41.4177
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
$176,278
$595,840
$960,160
$1,556,000
-
$1,702,400
$2,743,300
$4,445,700
More about this property
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