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

    2845 Wood Ave, Unit 101 Lorain, OH 44055-1630

    • Apartment buildings
    • 3,192 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Last Sale
    Apr 28, 2020
    $511,000
    Location Intelligence
    Property ID
    US66-6219701
    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

    • Graystone Apartments / Apartment Complex

    Property Details for 2845 Wood Ave

    Year built
    1973
    Lot size
    0.17 lot acres
    Property size
    3,192 SF
    Property type
    Apartment buildings
    APN
    03-00-097-103-022
    APU
    300097103022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1493
    Latitude
    41.4445
    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
    $347
    $4,410
    $0.00
    $4,410
    -
    $12,600
    $0.00
    $12,600

    Comparable in this City

    • Value Estimation
      $80,000
      2,542 SF

      2349 Elyria Ave

      APARTMENT HOUSE (5+ UNITS) • 2,542 SF
      2349 Elyria Ave, Lorain, OH 44055-1369
      View Details
    • Value Estimation
      $155,000
      1,960 SF

      3324 Broadway

      APARTMENT HOUSE (5+ UNITS) • 1,960 SF
      3324 Broadway, Lorain, OH 44055-1251
      View Details
    • Value Estimation
      $115,000
      2,408 SF

      2119 29th St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 2,408 SF
      2119 29th St, Lorain, OH 44055-1958
      View Details
    • Value Estimation by Request
      8,608 SF

      1490 Lincoln Blvd, Unit 931

      APARTMENT HOUSE (5+ UNITS) • 8,608 SF
      1490 Lincoln Blvd, Lorain, OH 44055-3162
      View Details
    • Value Estimation
      $255,000
      5,486 SF

      4490 Elyria Ave

      APARTMENT HOUSE (5+ UNITS) • 5,486 SF
      4490 Elyria Ave, Lorain, OH 44055-2480
      View Details
    • Value Estimation
      $305,000
      4,400 SF

      2833 Seneca Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 4,400 SF
      2833 Seneca Ave, Lorain, OH 44055-1866
      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
      View Details
    • $124,900
      1,802 SF

      Lorain Duplex with Income Potential

      Side-by-side duplex in good condition with income potential.
      1741 E 30Th St, Lorain, OH 44055
      View Details
    • $129,000
      Pending

      Lorain Duplex with Wheelchair Access

      Well-maintained Lorain duplex with 6 bedrooms, 3 baths, and wheelchair access.
      1766 E 31St St, Lorain, OH 44055
      View Details
    • $139,900
      1,500 SF

      Duplex Near Lake Erie

      Side-by-side duplex near Lake Erie with income potential.
      1771-1773 E 37Th St, Lorain, OH 44055
      View Details
    • Contact for pricing
      0.17 Acres

      Land in Lorain, Ohio

      Land suitable for building or developing rental property.
      Apple Ave, 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
    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.
    2845 Wood Ave, Unit 101
    Lorain, OH 44055-1630
    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.