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    Property profile & analytics

    1615 Riv N Rd Elyria, OH 44035-2715

    • Community centers
    • 8,320 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $4,070,000
    Last Sale
    Dec 08, 2020
    $3,400,000
    Location Intelligence
    Property ID
    US66-5180469
    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

    • Chipotle Mexican Grill / Mexican Restaurant / Caterer

    Property Details for 1615 Riv N Rd

    Lot size
    0.96 lot acres
    Property size
    8,320 SF
    Property type
    Community centers
    APN
    06-24-173-000-023
    APU
    624173000023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,075,000
      6.5%
      $3,535,000
      7%
      $3,310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,750,000
      Geo Method
      $3,265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,725,000
      Retail
      $3,820,000
      Mixed-Use
      $3,610,000
      Hospitality
      $3,470,000
      Educational
      $3,310,000
      Residential Income
      $3,750,000
      Energy
      $3,075,000
      Income-Based Land
      $3,450,000
      Food Service
      $3,260,000

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1067
    Latitude
    41.397
    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
    $77,307
    $33,600
    $1,029,739
    $1,063,339
    -
    $96,000
    $2,942,110
    $3,038,110

    Comparable in this City

    • Value Estimation
      $1,745,000
      61,735 SF

      285 Midway Blvd

      MINI-MALL • 61,735 SF
      285 Midway Blvd, Elyria, OH 44035-2781
      View Details
    • Value Estimation
      $320,000
      10,352 SF

      475 Abbe N Rd

      MINI-MALL • 10,352 SF
      475 Abbe N Rd, Elyria, OH 44035-3706
      View Details
    • Value Estimation by Request
      267,000 SF

      205 Midway Blvd

      Lifestyle centers • 267,000 SF
      205 Midway Blvd, Elyria, OH 44035
      View Details
    • Value Estimation
      $6,830,000
      36,692 SF

      110 Market Dr

      MINI-MALL • 36,692 SF
      110 Market Dr, Elyria, OH 44035-2885
      View Details
    • Value Estimation
      $900,000
      35,752 SF

      1555 Riv N Rd

      MINI-MALL • 35,752 SF
      1555 Riv N Rd, Elyria, OH 44035-2729
      View Details
    • Value Estimation
      $1,135,000
      16,800 SF

      108 Antioch Dr

      MINI-MALL • 16,800 SF
      108 Antioch Dr, Elyria, OH 44035-1543
      View Details

    Similar Nearby for Sale

    • $2,300,000
      24,871 SF

      Cleveland Street

      Lifestyle centers • 24,871 SF
      401 Cleveland St, Elyria, OH 44035
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space Near Major Retailers

      High-visibility retail space near I-80 and I-90.
      3343 Midway Mall, Elyria, OH 44035
      View Details
    • $2,350,000
      0.83 Acres

      Elyria Retail Strip Mall Investment

      Fully occupied retail strip mall in high-traffic Elyria location.
      401-427 Cleveland St, Elyria, OH 44035
      View Details
    • $199,900
      2,992 SF

      Elyria Retail Building - High Traffic!

      Prime Retail Space w/ Apartment & Garage
      436 Cleveland St, Elyria, OH 44035
      View Details
    • $139,900
      0.13 Acres

      Renovated Retail with Income Apartments

      Newly renovated retail space with three apartments for rental income.
      1412 West Ave, Elyria, OH 44035
      View Details
    • $184,000
      0.10 Acres

      Elyria Retail Building For Sale

      Former bakery/catering service building, potential for two storefronts.
      501 Lake Ave, Elyria, OH 44035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      267,000 SF

      River Street Square Retail Center

      Elyria, Ohio Shopping Center - 16 Spaces Available
      205 Midway Blvd, Elyria, OH 44035
      View Details
    • Contact for pricing
      31,080 SF

      Retail Space Near I-90

      Retail space with high visibility and multiple anchor tenants.
      5244 Cobblestone Rd, Sheffield Village, OH 44035
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      6,400 SF

      Elyria Shoppes: Retail Space Available

      Prime Elyria retail space, high visibility, flexible sizes.
      510 Chestnut Commons Dr, Elyria, OH 44035
      View Details
    • Contact for pricing
      120,000 SF

      Retail Space in Prime Location

      Retail space in Elyria's top retail corridor for lease.
      435 Midway Blvd, Elyria, OH 44035
      View Details
    • $1,000 /Mo
      36,155 SF

      Retail Space in Elyria Plaza

      Well-kept retail space in a high-traffic shopping plaza.
      401B Cleveland St, Elyria, OH 44035
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      2.2k
    • Avg Time on site
      41 min
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    1615 Riv N Rd
    Elyria, OH 44035-2715
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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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