Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13021 Lorain Ave Cleveland, OH 44111-2623
    Back to Search
    Property profile & analytics

    13021 Lorain Ave, Cleveland, OH 44111-2623

    View on Map
    • Retail space
    • 10,125 SF
    • 1.10 lot acres
    Off-Market
    Last Sale Jan 21, 2026
    Property ID
    US66-0496726
    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.
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 13021 Lorain Ave

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.10 lot acres
    Zone code
    GR
    Property type
    Retail space
    APN
    022-10-001
    APU
    2210001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2026 — Anna Tohati Living Trust Anna Tohati Deed · related —
    Jan 21, 2026 — Anna Tohati Karoly Tohati Deed · related —
    Jan 18, 2024 — Neighborhood Health Care INC Wec 2000b Clf 9 LLC Lease —
    Jan 11, 2001 $2,887,100 Wec 2000b-clf-9 LLC Cleveland Lorain Cvs INC Grant Deed $3M · Capital Lease Funding LP
    Jul 20, 1999 $1,250,000 Cleveland Lorain Cvs INC King,jane F Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,116,000
      Market price range: $291k - $1.12M
      AI Estimate
      $886,000
      Market price range: $288k - $886k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,710,000
      OFFICE BUILDING
      $1,640,000
      MEDICAL BUILDING
      $1,100,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,025,000
      AUTO REPAIR, GARAGE
      $900,000
      COMMERCIAL (GENERAL)
      $840,000
      APARTMENT HOUSE (5+ UNITS)
      $750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.78
    Latitude
    41.4579
    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
    $38,452
    $184,490
    $200,520
    $385,010
    -
    $527,100
    $572,900
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      11519 Lorain Ave

      RETAIL STORES (PERSONAL SERVICES)
      11519 Lorain Ave, Cleveland, OH 44111-5402
      View Details
    • Value Estimation by Request
      6,929 SF

      11550 Lorain Ave

      RETAIL STORES (PERSONAL SERVICES)
      11550 Lorain Ave, Cleveland, OH 44111-5401
      View Details
    • Value Estimation by Request
      767 SF

      3630 117th St

      RETAIL STORES (PERSONAL SERVICES)
      3630 117th St, Cleveland, OH 44111-5275
      View Details
    • Value Estimation by Request
      3,697 SF

      3892 130th St

      RETAIL STORES (PERSONAL SERVICES)
      3892 130th St, Cleveland, OH 44111-3316
      View Details
    • Value Estimation by Request
      2,692 SF

      3556 105th St

      RETAIL STORES (PERSONAL SERVICES)
      3556 105th St, Cleveland, OH 44111-3838
      View Details
    • Value Estimation by Request
      2,400 SF

      13124 Lorain Ave

      RETAIL STORES (PERSONAL SERVICES)
      13124 Lorain Ave, Cleveland, OH 44111-2619
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lorain Avenue Retail Land Parcels

      Seven land parcels available for sale or land lease.
      14734 Lorain Ave, Cleveland, OH 44111
      View Details
    • New
      Contact for pricing
      7,200 SF

      Mixed-Use Retail and Apartments

      Completely renovated mixed-use building with retail spaces and apartments along a high-traffic corridor.
      15705 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      11,625 SF

      Retail Building in Cleveland Area

      11,625 SF retail building in a vibrant Cleveland location.
      3171 Boulevard Ct W, Cleveland, OH 44111
      View Details
    • Contact for pricing
      34,250 SF

      Kamm's Corner Redevelopment Opportunity

      Redevelopment opportunity in Kamm's Corners District on Lorain Ave.
      15200-15220 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      3,600 SF

      Freestanding Building Near High School

      3,600 SF building for sale or lease near I-71.
      3890 W 140 Plc, Cleveland, OH 44111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space with Apartments Above

      Retail space with three apartments above near I-90.
      10701 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      1,185 SF

      Freestanding Retail Building For Lease

      Freestanding retail building in high-density area with drive-thru potential.
      14002 Triskett Rd, Cleveland, OH 44111
      View Details
    • Contact for pricing
      3,400 SF

      Lorain Avenue Retail Space Available

      Retail space with parking lot and public transportation access.
      12833 Lorain Ave, Cleveland, OH 44111
      View Details
    • $1,200 /Mo
      4,722 SF

      Retail/Office Space in Cleveland, OH

      1,200 sq ft retail/office space in thriving West Park.
      12222 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space Available For Rent

      5,500 square feet of retail space for lease.
      12118 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      6,617 SF

      Retail Space on Warren Road

      6,617 sq ft retail space available for rent.
      3300-3362 Warren Rd, Cleveland, OH 44111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13021 Lorain Ave
    Cleveland, OH 44111-2623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13021 Lorain Ave, Cleveland, OH, 44111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!