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

    203 5th St Lorain, OH 44052-1609

    • Investment properties
    • 4,352 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US66-0154543
    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

    • Investment properties

    Property Details for 203 5th St

    Year built
    1911
    Lot size
    0.10 lot acres
    Property size
    4,352 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-01-004-103-009
    APU
    201004103009

    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%
      $210,000
      6.5%
      $190,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $180,000
      Mixed-Use
      $195,000
      Hospitality
      $190,000
      Educational
      $210,000
      Residential Income
      $230,000
      Energy
      $220,000
      Income-Based Land
      $185,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1766
    Latitude
    41.4662
    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
    $3,258
    $6,097
    $35,357
    $41,454
    -
    $17,420
    $101,020
    $118,440

    Comparable in this City

    • Value Estimation by Request
      5,075 SF

      538 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 5,075 SF
      538 Broadway, Lorain, OH 44052-1732
      View Details
    • Value Estimation
      $180,000
      5,400 SF

      1340 Leavitt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,400 SF
      1340 Leavitt Rd, Lorain, OH 44052-4008
      View Details
    • Value Estimation
      $200,000
      2,200 SF

      725 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      725 Broadway, Lorain, OH 44052-1805
      View Details
    • Value Estimation
      $285,000
      1,905 SF

      914 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,905 SF
      914 Broadway, Lorain, OH 44052-1950
      View Details
    • Value Estimation by Request
      3,350 SF

      734 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,350 SF
      734 Broadway, Lorain, OH 44052-1806
      View Details
    • Value Estimation
      $190,000
      1,560 SF

      2637 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      2637 Broadway, Lorain, OH 44052-4833
      View Details

    Similar Nearby for Sale

    • $259,900
      6,534 SF

      Downtown Lorain Mixed-Use Building

      Historic 3-story building, 6,534 sq ft.
      822 Broadway, Lorain, OH 44052
      View Details
    • $255,000
      4,000 SF

      Downtown Lorain Mixed-Use Gem

      Prime location, 4000 sq ft, endless potential.
      506 Broadway, Lorain, OH 44052
      View Details
    • $120,000
      Pending

      Functional Duplex in Lorain, OH

      Two-story duplex with remodeled units, ideal for rental income.
      321 W 8Th St, Lorain, OH 44052
      View Details
    • $500,000
      5,000 SF

      Lorain Mixed-Use Commercial Building

      Move-in Ready Daycare, Ample Parking
      1801 Elyria Ave, Lorain, OH 44052
      View Details
    • $1,985,000
      38,556 SF

      Lorain Industrial Campus - Redevelopment Opportunity

      38,556 SF, 2 Buildings, 3.31 Acres
      1600-1604 Kansas Ave, Lorain, OH 44052
      View Details
    • $470,000
      11,062 SF

      Historic Downtown Lorain Mixed-Use

      Prime Commercial Building, Endless Potential
      422 Broadway, Lorain, OH 44052
      View Details

    Similar Nearby for Lease

    • New
      $1,250 /Mo

      Handicap Accessible Ranch Duplex

      Two-bedroom, one-bath duplex with accessible features and private garage.
      1612 Maple Dr, Lorain, OH 44052
      View Details
    • Contact for pricing
      10,500 SF

      Broadway Ave Retail Space

      Lorain, OH: 3,500 SF Available
      4925 Broadway, Lorain, OH 44052
      View Details
    • Contact for pricing
      675 SF

      Retail Space in Lorain, OH

      Retail spaces available in grocery-anchored shopping center.
      1115 Meister Rd, Lorain, OH 44052
      View Details
    • $2,325 /Mo
      52,708 SF

      Lorain Warehouse with Drive-In Access

      4,850 SF industrial space ideal for distribution or storage.
      1760 Root Rd, Lorain, OH 44052
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      1111 Meister Rd, Lorain, OH 44052
      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.
    203 5th St
    Lorain, OH 44052-1609
    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.