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    Property profile & analytics

    124 Middle Ave, Unit 101 Elyria, OH 44035-5657

    • Banks
    • 995 SF
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US66-2755266
    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

    • Kinlin Law Offices / Attorney
    • The Albenze Law Group LLC / Criminal Justice Attorney / Legal Services
    • ATM Lorain National Bank / Atm / Bank
    • Law Offices of Matthew A. Bobrowski / Criminal Justice Attorney / Trial Attorney
    • Denise G Wilms LLC / Trial Attorney / Attorney

    Property Details for 124 Middle Ave

    Year built
    1920
    Property size
    995 SF
    Property type
    Banks
    APN
    06-26-063-701-002
    APU
    626063701002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $205,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $240,000
      Mixed-Use
      $230,000
      Hospitality
      $205,000
      Educational
      $250,000
      Residential Income
      $230,000
      Energy
      $230,000
      Income-Based Land
      $200,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1065
    Latitude
    41.3671
    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
    $1,704
    $8,750
    $14,686
    $23,436
    -
    $25,000
    $41,960
    $66,960

    Comparable in this City

    • Value Estimation
      $405,000
      3,653 SF

      105 Chestnut Cmns Dr

      FINANCIAL BUILDING • 3,653 SF
      105 Chestnut Cmns Dr, Elyria, OH 44035-9600
      View Details
    • Value Estimation
      $335,000
      3,581 SF

      1500 Riv N Rd

      FINANCIAL BUILDING • 3,581 SF
      1500 Riv N Rd, Elyria, OH 44035-2714
      View Details
    • Value Estimation by Request
      2,280 SF

      230 Broad St

      FINANCIAL BUILDING • 2,280 SF
      230 Broad St, Elyria, OH 44035-6432
      View Details
    • Value Estimation
      $305,000
      5,488 SF

      832 Cleveland St

      FINANCIAL BUILDING • 5,488 SF
      832 Cleveland St, Elyria, OH 44035-4141
      View Details
    • Value Estimation
      $340,000
      7,608 SF

      281 Broad St

      FINANCIAL BUILDING • 7,608 SF
      281 Broad St, Elyria, OH 44035-5501
      View Details
    • Value Estimation
      $205,000
      5,048 SF

      341 Broad St

      FINANCIAL BUILDING • 5,048 SF
      341 Broad St, Elyria, OH 44035-5503
      View Details

    Similar Nearby for Sale

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      Elyria Commercial Building with Drive-Thru

      Former bank building with drive-thru lanes and high visibility.
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      Elyria Retail Investment Opportunity

      NNN leased retail property with attractive rental escalations for sale.
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      Elyria Mixed-Use Investment Opportunity

      Four-unit property with storefront, great income potential, convenient location.
      1115 East Ave, Elyria, OH 44035
      View Details
    • $199,900
      0.26 Acres

      Mixed-Use Property in High-Traffic Location

      Mixed-use property with retail/office space and residential apartment.
      436 Cleveland St, Elyria, OH 44035
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    • Contact for pricing
      15,659 SF

      Retail Opportunity Near Rural King

      Retail space available near Rural King and major roadways.
      426 Oberlin Rd, Elyria, OH 44035
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      7,598 SF

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      Retail property in a high-traffic location with national tenants.
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    Similar Nearby for Lease

    • $10,000 /Mo
      53,143 SF

      Former Bank Building with Drive-Thru

      Versatile commercial space near LCCC, I-90, and major thoroughfares.
      5380 N Abbe Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      3,736 SF

      Stand Alone Bank Building

      Well-kept building suitable for office or medical use.
      361 Midway Blvd, Elyria, OH 44035
      View Details
    • $1,895 /Mo
      8,712 SF

      Retail/Office Space in High-Traffic Area

      Versatile commercial space with showroom, offices, and convenient location.
      41981 N Ridge Rd, Elyria, OH 44035
      View Details
    • Contact for pricing
      31,080 SF

      Retail Space Near I-90

      Retail space with high visibility and multiple anchor tenants.
      5244 Cobblestone Rd, Sheffield Village, OH 44035
      View Details
    • Contact for pricing
      31,902 SF

      Elyria Retail Space Available

      Retail space with high visibility near major retailers.
      2650 Midway Mall, Elyria, OH 44035
      View Details
    • Contact for pricing
      25,954 SF

      Elyria Retail Space For Lease

      25,594 SF retail space in dominant shopping center.
      360 Market Dr, Elyria, OH 44035
      View Details
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    Elyria, OH 44035-5657
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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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