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Property profile & analytics

12289 Leavitt Rd Oberlin, OH 44074

  • Strip malls
  • 8,680 SF
  • 6.90 lot acres
Value Estimations
$480,000
Cap Rate Potential
Location Intelligence
Property ID
US66-2700143
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

  • Strip malls

Property Details for 12289 Leavitt Rd

Year built
1983
Lot size
6.90 lot acres
Property size
8,680 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
09-00-056-000-040
APU
900056000040

Description

This exceptional retail opportunity is located at 12289 Leavitt Road in Oberlin, Ohio, within Lorain County's CLE - Northwest submarket. The property consists of two single-story buildings totaling 8,800 square feet situated on a 7-acre lot. The property is currently multi-tenant, offering flexible space options. Two units are immediately available for lease. Unit A offers 1,795 square feet of contiguous space, representing a prime location within this thriving retail center. Unit E provides 1,725 square feet of retail space. The minimum divisible space is 1,760 square feet, allowing for adaptability to various business needs. A significant portion of the property is currently vacant, totaling 3,555 square feet, presenting a unique chance for expansion or new tenancy. The center benefits from a strong anchor tenant, Discount DrugMart, ensuring high foot traffic and visibility. This property is ideal for businesses seeking a prominent location in a well-established retail environment. The property's location in Oberlin, Ohio, offers easy access to major transportation routes and a strong local customer base. This is a rare opportunity to secure retail space in a desirable location with significant potential for growth.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $400,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $565,000
    Market price range: $191k - $565k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $635,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Oberlin
County
Lorain
State
Ohio
Longitude
-82.2153
Latitude
41.3094
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
$40,129
$82,065
$609,242
$691,307
-
$234,470
$1,740,690
$1,975,160
More about this property
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