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    Property profile & analytics

    183 Park Ave Amherst, OH 44001-2229

    • Retail space
    • 3,975 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Jun 30, 2023
    $230,000
    Location Intelligence
    Property ID
    US66-1998512
    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

    • Retail space

    Property Details for 183 Park Ave

    Year built
    1908
    Lot size
    0.06 lot acres
    Property size
    3,975 SF
    Property type
    Retail space
    APN
    05-00-023-115-013
    APU
    500023115013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $235,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $225,000
      Mixed-Use
      $230,000
      Hospitality
      $245,000
      Educational
      $250,000
      Residential Income
      $225,000
      Energy
      $220,000
      Income-Based Land
      $185,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2255
    Latitude
    41.3986
    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
    $3,312
    $8,519
    $47,219
    $55,738
    -
    $24,340
    $134,910
    $159,250

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      Rear Land Land

      RETAIL STORES (PERSONAL SERVICES) • 0.32 Acres
      Rear Land Land, Amherst, OH 44001
      View Details
    • Value Estimation
      $310,000
      1,464 SF

      46325 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,464 SF
      46325 Telegraph Rd, Amherst, OH 44001-2851
      View Details
    • Value Estimation
      $315,000
      2,788 SF

      8039 Pyle S Amherst Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,788 SF
      8039 Pyle S Amherst Rd, Amherst, OH 44001-2125
      View Details
    • Value Estimation
      $295,000
      2,800 SF

      133 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      133 Park Ave, Amherst, OH 44001-2229
      View Details
    • Value Estimation by Request
      33,340 SF

      46388 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 33,340 SF
      46388 Telegraph Rd, Amherst, OH 44001-2852
      View Details
    • Value Estimation
      $270,000
      3,560 SF

      175 Leavitt Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,560 SF
      175 Leavitt Rd, Amherst, OH 44001-1110
      View Details

    Similar Nearby for Sale

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      Land Available For Development

      Land for sale, build-to-suit or ground lease opportunity.
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    Similar Nearby for Lease

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      6,500 SF

      Retail Space Near Oak Point

      Retail, restaurant, and professional service space for sale/lease.
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      Amherst Retail Plaza Opportunity

      High-traffic retail space available. Excellent location.
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      Retail Space in Oak Point

      Retail space available in a shopping center anchored by major retailers.
      7566 Oak Point Rd, Amherst, OH 44001
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      Amherst Office/Medical Space Available

      6,000 SF office/medical space in high-growth area.
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      268,159 SF

      Amherst Warehouse with Freeway Visibility

      268,159 SF warehouse with convenient freeway access.
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      High Profile Development Site

      Development site in Amherst retail corridor, near major retailers.
      2255 Cooper Foster Park Rd, Amherst, OH 44001
      View Details

    Property Visit Statistics

    • Visits by month
      12.1k
    • Visitors by month
      7.5k
    • Avg Time on site
      9 min
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    183 Park Ave
    Amherst, OH 44001-2229
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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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