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    Property profile & analytics

    113 Main St Painesville, OH 44077-3414

    • Banks
    • 11,634 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Apr 03, 2023
    $190,000
    Location Intelligence
    Property ID
    US66-2332424
    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

    • Banks

    Property Details for 113 Main St

    Year built
    1900
    Lot size
    0.20 lot acres
    Property size
    11,634 SF
    Zone code
    B3
    Property type
    Banks
    APN
    15-C-001-0-00-043-0
    APU
    15C0010000430

    Description

    This three-story, 24,663 square foot commercial building at 113 Main Street, Painesville, Ohio, offers a unique opportunity for businesses seeking office space in a vibrant downtown location. Located in the heart of the NEW MARKET URBAN RENEWAL PROJECT within the DOWNTOWN PAINESVILLE submarket cluster, this Class B building boasts 14 individual suites ranging from a minimum of 200 square feet to a maximum contiguous space of 6,500 square feet. Built in 1900 and extensively renovated in 2022, the property features attractive traditional and creative office spaces with ceiling heights ranging from 8 to 15 feet. The building is zoned B-3 Central Business, allowing for a variety of commercial uses. While elevators are not available, the building offers 24/7 access and is considered a secure environment. Multiple tenancy options are available, making it ideal for businesses of various sizes. The landlord is business-friendly and offers attractive leasing incentives and flexible lease terms. This prime location at the intersection of Main Street and St. Clair offers excellent visibility and accessibility. The property is situated in Lake County, Ohio, with a zip code of 44077.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $210,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $230,000
      Mixed-Use
      $255,000
      Hospitality
      $215,000
      Educational
      $255,000
      Residential Income
      $265,000
      Energy
      $220,000
      Income-Based Land
      $225,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2424
    Latitude
    41.7252
    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
    $14,158
    $6,460
    $60,040
    $66,500
    -
    $18,450
    $171,550
    $190,000

    Comparable in this City

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      25 Fairgrounds Rd

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    • Value Estimation by Request
      0.04 Acres

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    • Value Estimation
      $360,000
      4,458 SF

      280 Saint Clair St

      FINANCIAL BUILDING • 4,458 SF
      280 Saint Clair St, Painesville, OH 44077-4060
      View Details
    • Value Estimation
      $205,000
      2,976 SF

      1655 Mentor Ave

      FINANCIAL BUILDING • 2,976 SF
      1655 Mentor Ave, Painesville, OH 44077-1703
      View Details

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    113 Main St
    Painesville, OH 44077-3414
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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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