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    Property profile & analytics

    162 Commerce Dr Lagrange, OH 44050-8926

    • Industrial properties
    • 17,042 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US66-2623981
    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

    • New Age Design & Tool, Inc. / Building Materials Store

    Property Details for 162 Commerce Dr

    Year built
    1996
    Lot size
    1.02 lot acres
    Property size
    17,042 SF
    Property type
    Industrial properties
    APN
    15-00-065-000-084
    APU
    1500065000084

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1244
    Latitude
    41.2283
    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
    $11,756
    $12,369
    $180,229
    $192,598
    -
    $35,340
    $514,940
    $550,280

    Comparable in this City

    • Value Estimation by Request
      5,824 SF

      335 Ctr St

      INDUSTRIAL (GENERAL) • 5,824 SF
      335 Ctr St, Lagrange, OH 44050-9014
      View Details
    • Value Estimation
      $405,000
      9,800 SF

      315 Commerce Dr

      INDUSTRIAL (GENERAL) • 9,800 SF
      315 Commerce Dr, Lagrange, OH 44050
      View Details
    • Value Estimation
      $265,000
      1,920 SF

      167 Commerce Dr

      INDUSTRIAL (GENERAL) • 1,920 SF
      167 Commerce Dr, Lagrange, OH 44050-8926
      View Details
    • Value Estimation
      $235,000
      10,784 SF

      111 Commerce Dr

      INDUSTRIAL (GENERAL) • 10,784 SF
      111 Commerce Dr, Lagrange, OH 44050-9491
      View Details
    • Value Estimation
      $1,875,000
      19,980 SF

      300 Commerce Dr

      INDUSTRIAL (GENERAL) • 19,980 SF
      300 Commerce Dr, Lagrange, OH 44050-9493
      View Details
    • Value Estimation by Request
      24,000 SF

      421 Commerce E Dr

      INDUSTRIAL (GENERAL) • 24,000 SF
      421 Commerce E Dr, Lagrange, OH 44050-9316
      View Details

    Similar Nearby for Sale

    • $2,350,000
      47,730 SF

      Manufacturing Facility with Expansion Potential

      Manufacturing facility with heavy power, multiple doors, and expansion land.
      300 Commerce Dr, Lagrange, OH 44050
      View Details
    • $725,000
      8,400 SF

      8,400 SF Flex Building

      Flex building on three acres with expansion potential.
      350 E Commerce Dr, Lagrange, OH 44050
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    • $1,475,000
      39,804 SF

      Manufacturing Facility with Expansion Land

      Manufacturing facility with expansion land and easy highway access.
      110 Commerce Dr, Lagrange, OH 44050
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    • $239,900
      0.38 Acres

      Commercial Building in LaGrange, OH

      Commercial building ideal for small business, rental income, or workspace.
      122 Railroad St, Lagrange, OH 44050
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    • $4,063,000
      47,576 SF

      Renovated Industrial Warehouse in LaGrange

      Fully renovated industrial warehouse with modern upgrades and ample space.
      186 Commerce Dr, Lagrange, OH 44050
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      LaGrange Commercial Opportunity For Sale

      Commercial property in LaGrange, zoned Central Business, with high visibility.
      111 S Center St, Lagrange, OH 44050
      View Details
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    162 Commerce Dr
    Lagrange, OH 44050-8926
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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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