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    Property profile & analytics

    1524 Riv N Rd Elyria, OH 44035-2714

    • Turn key restaurants
    • 7,099 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-1439938
    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

    • Turn key restaurants

    Property Details for 1524 Riv N Rd

    Year built
    2005
    Lot size
    1.68 lot acres
    Property size
    7,099 SF
    Property type
    Turn key restaurants
    APN
    06-24-030-000-126
    APU
    624030000126

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1074
    Latitude
    41.3947
    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
    $9,676
    $76,839
    $56,249
    $133,088
    -
    $219,540
    $160,710
    $380,250

    Comparable in this City

    • Value Estimation by Request
      3,120 SF

      301 Broad St

      RESTAURANT • 3,120 SF
      301 Broad St, Elyria, OH 44035-5503
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    • Value Estimation by Request
      0.01 Acres

      Right Of Way

      RESTAURANT • 0.01 Acres
      Right Of Way, Elyria, OH 44035
      View Details
    • Value Estimation
      $280,000
      2,240 SF

      515 Clark St

      RESTAURANT • 2,240 SF
      515 Clark St, Elyria, OH 44035-6109
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    • Value Estimation
      $495,000
      2,331 SF

      5252 Detroit Rd

      RESTAURANT • 2,331 SF
      5252 Detroit Rd, Sheffield Village, OH 44035-1439
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    • Value Estimation
      $275,000
      7,755 SF

      802 Cleveland St

      RESTAURANT • 7,755 SF
      802 Cleveland St, Elyria, OH 44035-4108
      View Details
    • Value Estimation
      $280,000
      4,752 SF

      348 Broad St

      RESTAURANT • 4,752 SF
      348 Broad St, Elyria, OH 44035-5504
      View Details

    Similar Nearby for Sale

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      0.10 Acres

      Elyria Retail Building For Sale

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      Fully operational restaurant and bar with equipment and liquor license.
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    • $445,000
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      Former Restaurant Building Near Mall

      Former restaurant building near retail area, major highways, and retailers.
      517 Griswold Rd, Elyria, OH 44035
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      10,583 SF

      Freestanding Restaurant Building on Large Parcel

      10,583 SF restaurant on 3.67 acre parcel for sale.
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      Elyria Retail Building - High Traffic!

      Prime Retail Space w/ Apartment & Garage
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    Similar Nearby for Lease

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      5,344 SF

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      31,080 SF

      Retail Space Near I-90

      Retail space with high visibility and multiple anchor tenants.
      5244 Cobblestone Rd, Sheffield Village, OH 44035
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      10,500 SF

      Retail Space on Detroit Road

      Retail property for lease with high traffic count.
      5255 Detroit Rd, Sheffield Village, OH 44035
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      2,270 SF

      Retail Space Midway Mall

      Retail space available in Midway Mall, Elyria, OH.
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      31,902 SF

      Elyria Retail Space Available

      Retail space with high visibility near major retailers.
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      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

    Property Visit Statistics

    • Visits by month
      17.2k
    • Visitors by month
      10.9k
    • Avg Time on site
      66 min
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    1524 Riv N Rd
    Elyria, OH 44035-2714
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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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