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    Property profile & analytics

    2348 28th St, Unit 1 Lorain, OH 44055-2062

    • Investment properties
    • 2,640 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Jul 22, 2024
    $220,000
    Location Intelligence
    Property ID
    US66-1085856
    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 2348 28th St

    Year built
    1903
    Lot size
    0.14 lot acres
    Property size
    2,640 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-00-083-107-015
    APU
    300083107015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $345,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $270,000
      Retail
      $335,000
      Mixed-Use
      $290,000
      Hospitality
      $290,000
      Educational
      $320,000
      Residential Income
      $340,000
      Energy
      $355,000
      Income-Based Land
      $330,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1153
    Latitude
    41.4455
    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
    $2,936
    $3,735
    $33,635
    $37,370
    -
    $10,670
    $96,100
    $106,770

    Comparable in this City

    • Value Estimation by Request
      1,950 SF

      3115 Elyria Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,950 SF
      3115 Elyria Ave, Lorain, OH 44055-1463
      View Details
    • Value Estimation by Request
      1,697 SF

      124 28th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,697 SF
      124 28th St, Lorain, OH 44055-1230
      View Details
    • Value Estimation
      $120,000
      2,350 SF

      2811 Pearl Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,350 SF
      2811 Pearl Ave, Lorain, OH 44055
      View Details
    • Value Estimation by Request
      3,450 SF

      718 34th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,450 SF
      718 34th St, Lorain, OH 44055-1419
      View Details
    • Value Estimation
      $190,000
      2,256 SF

      2919 Grv Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,256 SF
      2919 Grv Ave, Lorain, OH 44055-2039
      View Details
    • Value Estimation by Request
      800 SF

      3113 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 800 SF
      3113 Broadway, Lorain, OH 44055-1268
      View Details

    Similar Nearby for Sale

    • $159,900
      Pending

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex in Lorain, fully leased, generating $1,700 monthly.
      2315/2317 Homewood Dr, Lorain, OH 44055
      View Details
    • $159,900
      2,688 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex in Lorain, generating $1,700 monthly income.
      2323/2325 Homewood Dr, Lorain, OH 44055
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    • $350,000
      4,412 SF

      Lorain Mixed-Use Commercial Building

      Prime Lorain location, versatile space, high visibility.
      1845 28Th St, Lorain, OH 44055
      View Details
    • $42,500
      Pending

      Land Parcel in Sheffield, OH

      2.39 acre land parcel with mature trees and wildlife.
      Vl School St, Sheffield, OH 44055
      View Details
    • Contact for pricing
      0.47 Acres

      Residential Land in Lorain, Ohio

      Almost half-acre lot in Clearview school district, zoned multi-family.
      Denver Ave, Lorain, OH 44055
      View Details
    • $40,000
      0.74 Acres

      Residential Land in Established Neighborhood

      0.74 acre lot for dream home in Lorain, OH.
      Vl Ridgewood St, Lorain, OH 44055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,312 SF

      Former Rite Aid Retail Building

      Freestanding 11,312 SF building, high traffic, strong sales history.
      2853 Grove Ave, Lorain, OH 44055
      View Details
    • Contact for pricing
      1,264 SF

      Lorain-Elyria Retail Corridor Space

      Retail spaces available in Sheffield Center Plaza, Lorain, OH.
      120-400 Sheffield Ctr, Lorain, OH 44055
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Sheffield Center

      Retail spaces available in Lorain-Elyria retail corridor.
      105 Sheffield Ctr, Lorain, OH 44055
      View Details
    • Contact for pricing
      20,765 SF

      Retail Space in Lorain, Ohio

      Save A Lot anchored shopping center on Route 57.
      2222 Fairless Dr, Lorain, OH 44055
      View Details
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    Lorain, OH 44055-2062
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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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