Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1581 Rdg Rd Painesville, OH 44077-4422

    • Commercial real estate
    • 2,115 SF
    • 4.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 14, 2022
    $41,001
    Location Intelligence
    Property ID
    US66-2482907
    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

    • Commercial real estate

    Property Details for 1581 Rdg Rd

    Year built
    1912
    Construction
    WOOD
    Lot size
    4.23 lot acres
    Property size
    2,115 SF
    Zone code
    I-2
    Property type
    Commercial real estate
    APN
    11-B-030-A-00-013-0
    APU
    11B030A000130

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2176
    Latitude
    41.7446
    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
    $1,176
    $7,000
    $7,350
    $14,350
    -
    $20,000
    $21,000
    $41,000

    Comparable in this City

    • Value Estimation by Request
      66,000 SF

      9680 Mentor Ave

      Retail properties • 66,000 SF
      9680 Mentor Ave, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      0.14 Acres

      State St

      COMMERCIAL (GENERAL) • 0.14 Acres
      State St, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      0.18 Acres

      State St

      COMMERCIAL (GENERAL) • 0.18 Acres
      State St, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      0.74 Acres

      State St

      COMMERCIAL (GENERAL) • 0.74 Acres
      State St, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      0.02 Acres

      State St

      COMMERCIAL (GENERAL) • 0.02 Acres
      State St, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      0.06 Acres

      State St

      COMMERCIAL (GENERAL) • 0.06 Acres
      State St, Painesville, OH 44077
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.81 Acres

      Prime Painesville Redevelopment Opportunity

      4.81-acre commercial land, two buildings.
      1025/1083 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      25.00 Acres

      Painesville Commercial Land Opportunity

      25 Acres of Prime Commercial Land
      1037 Bank St, Painesville, OH 44077
      View Details
    • $195,850
      1,800 SF

      Painesville Business Property - Great Potential

      Former gas station, now auto repair shop, 3 bays.
      2606 Riverside Dr, Painesville, OH 44077
      View Details
    • $699,000
      0.14 Acres

      Downtown Painesville Commercial Gem

      Historic Building, High Potential
      170-174 Main St, Painesville, OH 44077
      View Details
    • $395,000
      1.12 Acres

      Palmetto Warehouse Space Available

      Industrial warehouse space for lease.
      0 Crile Rd, Concord, OH 44077
      View Details
    • $175,000
      2,990 SF

      Painesville Church Building - Huge Potential

      Versatile building, ideal for community use.
      105 Kenilworth Ave, Painesville, OH 44077
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      4,000 SF

      Prime Concord Office Space

      4,000 SF Available, Lake County
      7757 Auburn Rd, Painesville, OH 44077
      View Details
    • Contact for pricing
      980 SF

      Former Gas Station Retail Space

      980 SF retail space available for sublease in Painesville.
      8 E Erie St, Painesville, OH 44077
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space on Fredle Drive

      Retail space available on Fredle Drive, Painesville, OH.
      7530-7596 Fredle Dr, Painesville, OH 44077
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space on Mentor Avenue

      Retail space with excellent visibility and ample parking.
      1935-1945 Mentor Ave, Painesville, OH 44077
      View Details
    • $2,000 /Mo
      31,799 SF

      Concord Office Space For Rent

      Office spaces available in Concord, OH with utilities included.
      7466 Auburn Rd, Concord Township, OH 44077
      View Details
    • Contact for pricing
      2,010 SF

      Retail Space Near Interstate 90

      Retail spaces available in new development near Interstate 90.
      7861 Crile Rd, Painesville, OH 44077
      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.
    1581 Rdg Rd
    Painesville, OH 44077-4422
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.