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

    3218 Lorain Ave Cleveland, OH 44113

    • Investment properties
    • 836 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-0151386
    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

    • Investment properties

    Property Details for 3218 Lorain Ave

    Year built
    1950
    Lot size
    0.12 lot acres
    Property size
    836 SF
    Zone code
    LR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    003-36-048
    APU
    336048

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7095
    Latitude
    41.4821
    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
    $1,730
    $10,430
    $1,260
    $11,690
    -
    $29,800
    $3,600
    $33,400

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      1330 Old Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      1330 Old Riv Rd, Cleveland, OH 44113-1222
      View Details
    • Value Estimation by Request
      2,686 SF

      2935-02939 Fulton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,686 SF
      2935-02939 Fulton Rd, Cleveland, OH 44113
      View Details
    • Value Estimation
      $655,000
      2,147 SF

      2376 Professor Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,147 SF
      2376 Professor Ave, Cleveland, OH 44113-4630
      View Details
    • Value Estimation by Request
      0.13 Acres

      Fulton Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      Fulton Ct, Cleveland, OH 44113
      View Details
    • Value Estimation by Request
      0.07 Acres

      3228 Lorain Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      3228 Lorain Ave, Cleveland, OH 44113-3702
      View Details
    • Value Estimation by Request
      0.10 Acres

      24th Public Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      24th Public Sq, Cleveland, OH 44113
      View Details

    Similar Nearby for Sale

    • $1,725,000
      7,440 SF

      Ohio City Retail and Loft

      Three-story building with retail space and residential loft.
      2801 Bridge Ave, Cleveland, OH 44113
      View Details
    • $744,000
      2,206 SF

      Tremont Mixed-Use Investment Opportunity

      Versatile Tremont property for living, working, and investment.
      2280 W 10Th St, Cleveland, OH 44113
      View Details
    • $499,000
      5,218 SF

      W 25th Street Mixed-Use Building

      Mixed-use multifamily building in excellent location, income producing.
      3085 W 25Th St, Cleveland, OH 44113
      View Details
    • $399,000
      4,888 SF

      Ohio City Mixed-Use Building

      Mixed-use building in walkable neighborhood, prime for redevelopment.
      4134 Lorain Ave, Cleveland, OH 44113
      View Details
    • $435,000
      2,315 SF

      Tremont Duplex: Prime Investment Opportunity

      Updated Tremont duplex with income potential in a prime location.
      2589 W 10Th St, Cleveland, OH 44113
      View Details
    • $899,000
      7,266 SF

      Historic Mixed-Use Building in Flats

      Renovated mixed-use building in Cleveland Flats, prime location.
      1700 Columbus Rd, Cleveland, OH 44113
      View Details

    Similar Nearby for Lease

    • $72 SF/Yr
      6,852 SF

      West 25th Street Creative Office

      Cleveland Ohio: Flexible Creative Space Available
      3093 25Th St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      53,200 SF

      Freestanding Mixed-Use Building For Rent

      Six-story building with retail and luxury rental apartments.
      1239 W 6Th St, Cleveland, OH 44113
      View Details
    • $19 SF/Yr
      10,768 SF

      Furnished Office Space in Cleveland

      Move-in ready office space with flexible lease terms.
      250 W Huron Rd, Cleveland, OH 44113
      View Details
    • Contact for pricing
      3,004 SF

      Retail Space Near Convention Center

      Retail space available in mixed-use redevelopment near Huntington Convention Center.
      99 W Saint Clair Ave, Cleveland, OH 44113
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space at Shell Station

      Retail space available at new Shell gas station.
      3074 W 14Th St, Cleveland, OH 44113
      View Details
    • $3,976 /Mo

      Industrial Land for Staging, Storage

      1.84 acre industrial land suitable for staging and storage.
      1857 Carter Rd, Cleveland, OH 44113
      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.
    3218 Lorain Ave
    Cleveland, OH 44113
    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.