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    Property profile & analytics

    1670 Cooper Foster Park Rd W Lorain, OH 44053

    • Office buildings
    • 4,032 SF
    • 0.48 lot acres
    For Sale
    View listing
    $475,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-1786031
    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

    • Robert J Gargasz Co / Doctor
    • Top Driver / Technical Education Academy

    Property Details for 1670 Cooper Foster Park Rd W

    Year built
    1980
    Lot size
    0.48 lot acres
    Property size
    4,032 SF
    Property type
    Office buildings
    APN
    02-02-004-112-064
    APU
    202004112064

    Description

    This exceptional commercial property, located at 1670 Cooper Foster Park Road W in Lorain, Ohio, presents a unique investment opportunity. The building, situated on a 0.48-acre lot, comprises four individual office suites, each originally constructed at approximately 1000 square feet. The building's history includes use as a medical office, demonstrating its suitability for healthcare-related businesses. Currently, one suite remains occupied by the owner, an attorney, highlighting the property's potential for continued income generation. The sale price is $500,000. This presents a chance to acquire a well-located, established office building with the potential for immediate income and future development. The existing layout offers flexibility for a variety of professional uses, allowing for customization to suit the needs of new tenants. The property's location in Lorain, Ohio, provides convenient access to local amenities and transportation routes. The 0.48-acre lot offers ample space for potential expansion or outdoor amenities. This is an ideal opportunity for investors seeking a stable, income-producing asset in a growing market. The property is being sold as-is. Serious inquiries are encouraged. Further details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $230,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $250,000
      Mixed-Use
      $260,000
      Hospitality
      $295,000
      Educational
      $290,000
      Residential Income
      $295,000
      Energy
      $280,000
      Income-Based Land
      $260,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1945
    Latitude
    41.4186
    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
    $5,810
    $21,952
    $73,304
    $95,256
    -
    $62,720
    $209,440
    $272,160

    Comparable in this City

    • Value Estimation by Request
      2,660 SF

      4950 Oberlin Ave

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      4950 Oberlin Ave, Lorain, OH 44053-3450
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    • Value Estimation
      $315,000
      1,664 SF

      150 Cooper Foster Park W Rd

      OFFICE BUILDING • 1,664 SF
      150 Cooper Foster Park W Rd, Lorain, OH 44053
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    • Value Estimation by Request
      5,503 SF

      6401 Broadway

      OFFICE BUILDING • 5,503 SF
      6401 Broadway, Lorain, OH 44053-3955
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    • Value Estimation by Request
      33,229 SF

      7450 Terminal Dr

      OFFICE BUILDING • 33,229 SF
      7450 Terminal Dr, Lorain, OH 44053-2077
      View Details
    • Value Estimation
      $410,000
      6,668 SF

      2500 Erie Ave

      OFFICE BUILDING • 6,668 SF
      2500 Erie Ave, Lorain, OH 44053-1056
      View Details
    • Value Estimation
      $370,000
      6,824 SF

      6061 Broadway

      OFFICE BUILDING • 6,824 SF
      6061 Broadway, Lorain, OH 44053-3818
      View Details

    Similar Nearby for Sale

    • $475,000
      0.48 Acres

      Lorain Office Building For Sale

      Office building in Lorain, previously used as a doctor's office.
      1670 Cooper Foster Park Rd W, Lorain, OH 44053
      View Details
    • $98,900
      0.20 Acres

      Freestanding Building with Office Spaces

      Freestanding building with two office spaces and parking lot.
      5363 Oberlin Ave, Lorain, OH 44053
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      3,244 SF

      Office Space Near Emerging Interchange

      Office space for sale near Target, Lowe’s, and Cleveland Clinic.
      6145 Park Square Dr, Lorain, OH 44053
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    • $108,900
      0.20 Acres

      Lorain Office Building: Prime Location

      Traditional Office, 12 Parking Spaces, Great Curb Appeal
      5363 Oberlin Ave, Lorain, OH 44053
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    • $500,000
      0.48 Acres

      Lorain Office Building - Great Potential

      Four-unit office building, prime location, $500,000
      1670 Cooper Foster Park Rd, Lorain, OH 44053
      View Details
    • $469,000
      7,466 SF

      Mixed-Use Investment Property For Sale

      Mixed-use property featuring office, apartments, and warehouses.
      4645 Oberlin Ave, Lorain, OH 44053
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      8,712 SF

      Commercial Building in Lorain, OH

      Freestanding building with high visibility and flexible interior layout.
      5363 Oberlin Ave, Lorain, OH 44053
      View Details
    • Contact for pricing
      7,907 SF

      Oak Point Medical Condos For Sale/Lease

      Medical Office Suites, Lorain County, OH
      0 Park Square Dr, Lorain, OH 44053
      View Details
    • Contact for pricing
      13,103 SF

      Lorain Retail Spaces Available

      Prime Lorain location, multiple retail spaces.
      4805 Leavitt Rd, Lorain, OH 44053
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Near I-90

      Retail space available near I-90 with flexible layout.
      1980-2000 Cooper Foster Park Rd, Lorain, OH 44053
      View Details
    • Contact for pricing
      4,588 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      3221-3311 Oberlin Ave, Lorain, OH 44053
      View Details
    • Contact for pricing
      2,400 SF

      Retail End-Cap on Oak Point

      2,400 SF end-cap in Lorain, OH near Route 2.
      8000 Oak Point Rd, Lorain, OH 44053
      View Details
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    Lorain, OH 44053
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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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