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    Property profile & analytics

    1410 Colorado Ave Lorain, OH 44052-3324

    • Drive through restaurants
    • 2,814 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US66-2241295
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 1410 Colorado Ave

    Year built
    1984
    Lot size
    1.30 lot acres
    Property size
    2,814 SF
    Property type
    Drive through restaurants
    APN
    02-00-051-144-012
    APU
    200051144012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $490,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $475,000
      Mixed-Use
      $485,000
      Hospitality
      $470,000
      Educational
      $490,000
      Residential Income
      $460,000
      Energy
      $520,000
      Income-Based Land
      $510,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1563
    Latitude
    41.465
    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
    $24,933
    $160,349
    $156,975
    $317,324
    -
    $458,140
    $448,500
    $906,640

    Comparable in this City

    • Value Estimation
      $250,000
      1,456 SF

      301 Erie Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,456 SF
      301 Erie Ave, Lorain, OH 44052-2052
      View Details
    • Value Estimation
      $200,000
      3,637 SF

      2229 21st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,637 SF
      2229 21st St, Lorain, OH 44052-4035
      View Details
    • Value Estimation
      $405,000
      4,032 SF

      1725 Henderson Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,032 SF
      1725 Henderson Dr, Lorain, OH 44052-3345
      View Details
    • Value Estimation
      $385,000
      2,864 SF

      2224 Leavitt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,864 SF
      2224 Leavitt Rd, Lorain, OH 44052-4136
      View Details
    • Value Estimation
      $445,000
      1,530 SF

      717 Erie Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,530 SF
      717 Erie Ave, Lorain, OH 44052-2136
      View Details
    • Value Estimation
      $200,000
      2,204 SF

      1142 37th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,204 SF
      1142 37th St, Lorain, OH 44052-5115
      View Details

    Similar Nearby for Sale

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      16.10 Acres

      Lorain, OH Redevelopment Opportunity

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    • Contact for pricing
      2.57 Acres

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      Prime Lorain Retail Opportunity

      4,590 SF Retail Space, $99,900
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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
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      View Details
    • Contact for pricing
      10,500 SF

      Broadway Ave Retail Space

      Lorain, OH: 3,500 SF Available
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      View Details
    • Contact for pricing
      675 SF

      Retail Space in Lorain, OH

      Retail spaces available in grocery-anchored shopping center.
      1115 Meister Rd, Lorain, OH 44052
      View Details
    • $1,250 /Mo

      Handicap Accessible Ranch Duplex

      Two-bedroom, one-bath duplex with accessible features and private garage.
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      View Details
    • $2,325 /Mo
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      Lorain Warehouse with Drive-In Access

      4,850 SF industrial space ideal for distribution or storage.
      1760 Root Rd, Lorain, OH 44052
      View Details

    Property Visit Statistics

    • Visits by month
      16.7k
    • Visitors by month
      11.5k
    • Avg Time on site
      11 min
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    Lorain, OH 44052-3324
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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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