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    Property profile & analytics

    1051 Meister Rd Lorain, OH 44052-5141

    • Grocery and convenience stores
    • 51,453 SF
    • 3.82 lot acres
    OFF-MARKET
    Value Estimation
    $785,000
    Location Intelligence
    Property ID
    US66-2030907
    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

    • Apples Market / Grocery Store / Mexican Grocery Store
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 1051 Meister Rd

    Year built
    1977
    Lot size
    3.82 lot acres
    Property size
    51,453 SF
    Property type
    Grocery and convenience stores
    APN
    02-01-006-184-022
    APU
    201006184022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1817
    Latitude
    41.4401
    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
    $51,992
    $116,480
    $545,241
    $661,721
    -
    $332,800
    $1,557,830
    $1,890,630

    Comparable in this City

    • Value Estimation
      $270,000
      3,325 SF

      1918 Broadway

      GROCERY, SUPERMARKET • 3,325 SF
      1918 Broadway, Lorain, OH 44052-3627
      View Details
    • Value Estimation
      $590,000
      27,040 SF

      2253 Colorado Ave

      GROCERY, SUPERMARKET • 27,040 SF
      2253 Colorado Ave, Lorain, OH 44052-3289
      View Details
    • Value Estimation
      $325,000
      9,975 SF

      1906 Broadway

      GROCERY, SUPERMARKET • 9,975 SF
      1906 Broadway, Lorain, OH 44052
      View Details
    • Value Estimation
      $310,000
      11,397 SF

      1854 Broadway

      GROCERY, SUPERMARKET • 11,397 SF
      1854 Broadway, Lorain, OH 44052-3625
      View Details
    • Value Estimation by Request
      3,325 SF

      1862 Broadway

      GROCERY, SUPERMARKET • 3,325 SF
      1862 Broadway, Lorain, OH 44052
      View Details
    • Value Estimation by Request
      1,122 SF

      123 8th St

      RETAIL STORES (PERSONAL SERVICES) • 1,122 SF
      123 8th St, Lorain, OH 44052
      View Details

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    • Contact for pricing
      2.57 Acres

      Lorain, OH Commercial Land

      8.36 Acres, Prime Retail Location
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    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Broadway Ave Retail Space

      Lorain, OH: 3,500 SF Available
      4925 Broadway, Lorain, OH 44052
      View Details
    • Contact for pricing
      675 SF

      Retail Space in Lorain, OH

      Retail spaces available in grocery-anchored shopping center.
      1115 Meister Rd, Lorain, OH 44052
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      1111 Meister Rd, Lorain, OH 44052
      View Details
    • $1,250 /Mo

      Handicap Accessible Ranch Duplex

      Two-bedroom, one-bath duplex with accessible features and private garage.
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    • $2,325 /Mo
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      Lorain Warehouse with Drive-In Access

      4,850 SF industrial space ideal for distribution or storage.
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    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.1k
    • Avg Time on site
      44 min
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    Lorain, OH 44052-5141
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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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