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    Property profile & analytics

    29992 Lorain Rd North Olmsted, OH 44070

    • Commercial land
    • 840 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 14, 2024
    $280,000
    Location Intelligence
    Property ID
    US66-1935197
    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

    • Commercial land

    Property Details for 29992 Lorain Rd

    Year built
    1910
    Lot size
    2.25 lot acres
    Property size
    840 SF
    Property type
    Commercial land
    APN
    233-11-004
    APU
    23311004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9524
    Latitude
    41.403
    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
    $9,556
    $84,350
    $0.00
    $84,350
    -
    $241,000
    $0.00
    $241,000

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      30630 Lorain Rd

      VACANT COMMERCIAL LAND • 1,084 SF
      30630 Lorain Rd, North Olmsted, OH 44070-4713
      View Details
    • Value Estimation by Request
      4.99 Acres

      31134 Lorain Rd

      VACANT COMMERCIAL LAND • 2,566 SF
      31134 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation by Request
      0.33 Acres

      30791 Lorain Rd

      VACANT COMMERCIAL LAND • 1,200 SF
      30791 Lorain Rd, North Olmsted, OH 44070-4717
      View Details
    • Value Estimation by Request
      0.22 Acres

      31121 Lorain Rd

      VACANT COMMERCIAL LAND • 385 SF
      31121 Lorain Rd, North Olmsted, OH 44070-4726
      View Details
    • Value Estimation by Request
      3.48 Acres

      Brookpark Rd

      VACANT COMMERCIAL LAND • 3.48 Acres
      Brookpark Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation by Request
      0.32 Acres

      25675 Lorain Rd

      VACANT COMMERCIAL LAND • 2,145 SF
      25675 Lorain Rd, North Olmsted, OH 44070-3325
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Land Available

      0.66 acres of general retail land for sale.
      23459 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      Commercial Land Near Vitalia Community

      2 AC commercial land across from Vitalia active adult community.
      29880 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $250,000

      High-Traffic Corner Lot Available

      Drive-thru lot on high-traffic corner of Lorain and Bailey.
      25675 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      Commercial Land Near Great Northern

      Commercial land with high visibility near Great Northern Mall.
      27116 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      0.03 Acres

      North Olmsted Commercial Lot

      Commercial lot available in North Olmsted, Ohio.
      V/L Clareshire Dr, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      Prime Development Land Available

      7-15 acres of development land with utilities and highway access.
      31084 Lorain Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land with utilities, high traffic area, easy access.
      24002 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $19 SF/Yr
      4,521 SF

      Office Space with Signage Opportunity

      Office space for lease with flexible options and ample parking.
      24950 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      2,400 SF

      Retail Center in North Olmsted

      Landmark retail center with high visibility and long-term tenants.
      24048-24180 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      20,804 SF

      North Olmsted Office Space Available

      Office space for lease in North Olmsted, Ohio.
      24950-25050 Country Club Blvd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      32,000 SF

      North Olmsted Office Space Available

      Unfinished office space with private entrance in North Olmsted.
      24800 Brookpark Rd, 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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    29992 Lorain Rd
    North Olmsted, OH 44070
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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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