Property profile

29000 Lorain Rd 29016 North Olmsted, OH 44070

OFF-MARKET
Retail space
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Property ID
US66-5240852
11,100 SF 5.06 ac Built 1997
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a 10,657-square-foot retail building that was previously operated as a Rite Aid, with a 0.41-acre additional pad area available. It is situated on a signalized hard corner at the intersection of Lorain Road and Stearns Road, positioned along a major retail corridor near Great Northern Mall and Great Northern Plaza. The site has exposure to a high-traffic intersection with a combined traffic count reported to exceed 48,000 vehicles per day at Lorain Road and Stearns Road.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$97k
Tax billed · 2023
Assessed value$857k
Assessed land$510k
Assessed improvement$347k
Effective rate11.33%

Value estimate

· Nov 2026
$1.02M
$918k – $1.12M
Submarket $/SF estimate$1.35M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$98/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$48 – $122
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.1
Building Supply29.2
Law Firm26.6

Location

29000 Lorain Rd, Unit 29016 North Olmsted, OH 44070-4016
County assessor Recorded deeds · not on file 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30129 Lorain, North Olmsted, OH 44070-3923 $500,000 Apr 2025 12,000 SF
23770 Lorain, North Olmsted, OH 44070-2223 $1,800,000 Mar 2025 13,050 SF
23351 Lorain, North Olmsted, OH 44070-1696 $5,185,966 Nov 2022 10,245 SF
23821 Lorain, North Olmsted, OH 44070-2227 $950,000 Oct 2022 17,780 SF
28641 Lorain, North Olmsted, OH 44070-4009 $1,300,000 Apr 2022 10,076 SF
26101-2610 Lorain, North Olmsted, OH 44070 $143,750 Dec 2019 8,320 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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