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    Property profile & analytics

    124 Middle Ave, Unit 203 Elyria, OH 44035-5657

    • Office Properties & Spaces
    • 1,510 SF
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Apr 28, 2022
    $70,400
    Location Intelligence
    Property ID
    US66-2810358
    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 / Law Firm / Criminal Justice Attorney
    • 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
    1900
    Property size
    1,510 SF
    Property type
    Office Properties & Spaces
    APN
    06-26-063-701-006
    APU
    626063701006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $55,000

    • CAP approach

      CAP return
      Estimation
      6%
      $80,000
      6.5%
      $80,000
      7%
      $80,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $80,000
      Geo Method
      $65,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $80,000
      Retail
      $80,000
      Mixed-Use
      $70,000
      Hospitality
      $85,000
      Educational
      $65,000
      Residential Income
      $65,000
      Energy
      $85,000
      Income-Based Land
      $70,000
      Food Service
      $75,000

    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
    $3,859
    $8,750
    $44,335
    $53,085
    -
    $25,000
    $126,670
    $151,670

    Comparable in this City

    • Value Estimation by Request
      2,113 SF

      125 Broad St

      CONDOMINIUM OFFICES • 2,113 SF
      125 Broad St, Elyria, OH 44035-6400
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    • Value Estimation by Request
      2,343 SF

      125 Broad St

      CONDOMINIUM OFFICES • 2,343 SF
      125 Broad St, Elyria, OH 44035-6400
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    • Value Estimation
      $540,000
      3,083 SF

      5064 Waterford Dr

      CONDOMINIUM OFFICES • 3,083 SF
      5064 Waterford Dr, Sheffield Village, OH 44035-1497
      View Details
    • Value Estimation
      $120,000
      1,466 SF

      5311 Mdw Ln Ct Ste, Unit 1

      CONDOMINIUM OFFICES • 1,466 SF
      5311 Mdw Ln Ct Ste, Sheffield Village, OH 44035-1485
      View Details
    • Value Estimation by Request
      1,787 SF

      124 Middle Ave Ste, Unit 900

      CONDOMINIUM OFFICES • 1,787 SF
      124 Middle Ave Ste, Elyria, OH 44035-5650
      View Details
    • Value Estimation
      $300,000
      912 SF

      125 Broad St Ste, Unit 201

      CONDOMINIUM OFFICES • 912 SF
      125 Broad St Ste, Elyria, OH 44035-6429
      View Details

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    Similar Nearby for Lease

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      Retail/Office Space in High-Traffic Area

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      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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