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    Property profile & analytics

    23200 Lorain Rd North Olmsted, OH 44070-1622

    • Strip malls
    • 24,134 SF
    • 3.10 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Location Intelligence
    Property ID
    US66-2429940
    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

    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • E&H Ace Hardware / Hardware Store / Home Improvement Store
    • KeyExpress Locksmiths / Key Duplication Service / Locksmith

    Property Details for 23200 Lorain Rd

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.10 lot acres
    Property size
    24,134 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    231-14-002
    APU
    23114002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $755,000
      6.5%
      $775,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $845,000
      Geo Method
      $735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $900,000
      Retail
      $905,000
      Mixed-Use
      $820,000
      Hospitality
      $835,000
      Educational
      $745,000
      Residential Income
      $945,000
      Energy
      $880,000
      Income-Based Land
      $835,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8777
    Latitude
    41.4367
    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
    $49,795
    $283,750
    $155,790
    $439,540
    -
    $810,700
    $445,100
    $1,255,800

    Comparable in this City

    • Value Estimation
      $585,000
      19,200 SF

      26649-2675 Brookpark Rd

      SHOPPING CENTER, STRIP CENTER • 19,200 SF
      26649-2675 Brookpark Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation
      $475,000
      10,512 SF

      4665 Great Northern Blvd, Unit 4694

      SHOPPING CENTER, STRIP CENTER • 10,512 SF
      4665 Great Northern Blvd, North Olmsted, OH 44070-3426
      View Details
    • Value Estimation
      $805,000
      9,100 SF

      24321 Lorain Rd, Unit 24349

      SHOPPING CENTER, STRIP CENTER • 9,100 SF
      24321 Lorain Rd, North Olmsted, OH 44070-2166
      View Details
    • Value Estimation
      $590,000
      19,895 SF

      25303 Lorain Rd, Unit 25393

      SHOPPING CENTER, STRIP CENTER • 19,895 SF
      25303 Lorain Rd, North Olmsted, OH 44070-2061
      View Details
    • Value Estimation by Request
      12,192 SF

      26614 Lorain Rd

      SHOPPING CENTER, STRIP CENTER • 12,192 SF
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation
      $895,000
      29,331 SF

      25151 Lorain Rd, Unit 25195

      SHOPPING CENTER, STRIP CENTER • 29,331 SF
      25151 Lorain Rd, North Olmsted, OH 44070-2056
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,323 SF

      North Olmsted Retail Investment

      Fully Leased, High-Yield Retail Center
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $3,600,000
      12,232 SF

      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $375,000
      0.36 Acres

      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,900,000
      7,504 SF

      North Olmsted Retail Opportunity

      Retail property for sale in North Olmsted, Ohio.
      25001 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      2,307 SF

      Established Touchless Carwash on Lorain

      Well-maintained, two-bay touchless carwash near Great Northern Mall.
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $299,900
      Pending

      Retail Land with Ranch Home

      1.66 acres zoned for retail with a charming ranch home.
      30247 Lorain Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Spaces at Cornerstone Plaza

      Retail spaces for lease at a busy intersection.
      23420 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      27,830 SF

      Prime Retail Space in Brooklor Plaza

      High-traffic retail space in North Olmsted's core retail area.
      25999 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      3,250 SF

      Regional Power Center Retail Space

      Retail space available in a regional power center.
      4580-4690 Great Northern Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      45,161 SF

      Regional Power Center Retail Space

      Retail space available in North Olmsted regional power center.
      25853-26429 Great Northern Shop Ctr, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      882 SF

      Retail Space in Regional Center

      Retail spaces available in North Olmsted power center.
      5078-5198 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      1,820 SF

      Olmsted Plaza Retail Space

      Regional power center with national and local retailers.
      4692-4706 Great Northern Blvd, North Olmsted, OH 44070
      View Details
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    North Olmsted, OH 44070-1622
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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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