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    Property profile & analytics

    31109 Lorain Rd North Olmsted, OH 44070-4726

    • Commercial real estate
    • 1,281 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Dec 03, 2020
    Location Intelligence
    Property ID
    US66-0757258
    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

    • Patrick Rice Photography / Portrait Studio

    Property Details for 31109 Lorain Rd

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    1,281 SF
    Property type
    Commercial real estate
    APN
    234-09-010
    APU
    23409010

    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
    -81.9639
    Latitude
    41.3943
    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
    $5,437
    $11,550
    $36,440
    $47,990
    -
    $33,000
    $104,100
    $137,100

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      25675 Lorain Ave

      Land • 0.32 Acres
      25675 Lorain Ave, North Olmsted, OH 44070
      View Details
    • Value Estimation
      $120,000
      1,320 SF

      30728 Lorain Rd

      COMMERCIAL (GENERAL) • 1,320 SF
      30728 Lorain Rd, North Olmsted, OH 44070-4716
      View Details
    • Value Estimation by Request
      1,951 SF

      28813 Lorain Rd, Unit 21

      COMMERCIAL (GENERAL) • 1,951 SF
      28813 Lorain Rd, North Olmsted, OH 44070-4013
      View Details
    • Value Estimation by Request
      3,172 SF

      30216 Lorain Rd

      COMMERCIAL (GENERAL) • 3,172 SF
      30216 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation by Request
      0.21 Acres

      Stearns Rd

      Land • 1 SF
      0 Stearns Rd, North Olmsted, OH 44070
      View Details
    • Value Estimation by Request
      964 SF

      4858 Dover Ctr Rd

      COMMERCIAL (GENERAL) • 964 SF
      4858 Dover Ctr Rd, North Olmsted, OH 44070-3101
      View Details

    Similar Nearby for Sale

    • $1,950,000
      0.44 Acres

      Prime North Olmsted Commercial Land

      Profitable Car Wash Business for Sale
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $700,000
      0.70 Acres

      27048 Lorain Rd

      Land • 0.70 Acres
      27048 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $375,000
      0.36 Acres

      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      13.51 Acres

      North Olmsted Industrial Land for Sale

      13.51 Acres, Light Industrial Zoning, Excellent Access
      31500 Bradley Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing
      11,060 SF

      North Olmsted Office Building For Sale

      11,060 SF building on 1.85 acres in North Olmsted.
      28253 Lorain Rd, North Olmsted, OH 44070
      View Details
    • Contact for pricing

      North Olmsted Land For Sale

      9.12 acres of land zoned Residential/Commercial in North Olmsted.
      30898 Bradley Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Lease

    • $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
      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
      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
      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
    • Contact for pricing
      10,657 SF

      Retail Space on Lorain Road

      10,657 SF retail space available for lease.
      29000 Lorain Rd, North Olmsted, OH 44070
      View Details
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    31109 Lorain Rd
    North Olmsted, OH 44070-4726
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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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