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    Property profile & analytics

    3157 Broadway, Unit 1 Lorain, OH 44055-1238

    • Investment properties
    • 2,888 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 21, 2021
    Location Intelligence
    Property ID
    US66-1706898
    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

    • Hair Beauty by Ash Nicole / Beauty Salon

    Property Details for 3157 Broadway

    Year built
    1920
    Lot size
    0.16 lot acres
    Property size
    2,888 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-01-003-214-009
    APU
    201003214009

    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
    -82.164
    Latitude
    41.4416
    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
    $1,376
    $7,319
    $10,192
    $17,511
    -
    $20,910
    $29,120
    $50,030

    Comparable in this City

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      1,697 SF

      124 28th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,697 SF
      124 28th St, Lorain, OH 44055-1230
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      $120,000
      2,350 SF

      2811 Pearl Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,350 SF
      2811 Pearl Ave, Lorain, OH 44055
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      3,450 SF

      718 34th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,450 SF
      718 34th St, Lorain, OH 44055-1419
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      $190,000
      2,256 SF

      2919 Grv Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,256 SF
      2919 Grv Ave, Lorain, OH 44055-2039
      View Details
    • Value Estimation by Request
      800 SF

      3113 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 800 SF
      3113 Broadway, Lorain, OH 44055-1268
      View Details

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      Land Parcel in Sheffield, OH

      2.39 acre land parcel with mature trees and wildlife.
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      0.47 Acres

      Residential Land in Lorain, Ohio

      Almost half-acre lot in Clearview school district, zoned multi-family.
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      0.16 Acres

      Residential Lot in Lorain, OH

      Residential lot with buried utilities ready for development.
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    Similar Nearby for Lease

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      11,312 SF

      Former Rite Aid Retail Building

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      1,264 SF

      Lorain-Elyria Retail Corridor Space

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      Retail spaces available in Lorain-Elyria retail corridor.
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      20,765 SF

      Retail Space in Lorain, Ohio

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    3157 Broadway, Unit 1
    Lorain, OH 44055-1238
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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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