Property profile

253 Erie Ave Lorain, OH 44052

OFF-MARKET
Investment properties
Property ID
US66-4377301
5,217 SF 0.1 ac lot
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 5,217 SF
Lot 0.1 ac (4,356 SF)
APN 02-01-001-106-020
UPID US66-4377301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement

Location

253 Erie Ave Lorain, OH 44052-2050
Lorain metro Census 22200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$830k
Comparable Approach Comparable
$507k
Blend (final) Blend
$245k

Owner & transaction history

since 2014
3 recorded transactions
2018
Price N/A
2014
$510,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $485,000 +68.5%
Restaurant $465,000 +61.6%
Office building $450,000 +56.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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