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    Property profile & analytics

    32223 Lorain Rd North Ridgeville, OH 44039-3417

    • Drive through restaurants
    • 2,100 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Location Intelligence
    Property ID
    US66-4440387
    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

    • Drive through restaurants

    Property Details for 32223 Lorain Rd

    Lot size
    1.40 lot acres
    Property size
    2,100 SF
    Property type
    Drive through restaurants
    APN
    07-00-004-110-048
    APU
    700004110048

    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 Ridgeville
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9745
    Latitude
    41.386
    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
    $15,601
    $133,403
    $92,831
    $226,234
    -
    $381,150
    $265,230
    $646,380

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      Right Of Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.06 Acres
      Right Of Way, North Ridgeville, OH 44039
      View Details
    • Value Estimation
      $1,770,000
      3,057 SF

      34011 Ctr Rdg Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,057 SF
      34011 Ctr Rdg Rd, North Ridgeville, OH 44039-3219
      View Details
    • Value Estimation by Request
      0.01 Acres

      Right Of Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.01 Acres
      Right Of Way, North Ridgeville, OH 44039
      View Details
    • Value Estimation
      $520,000
      2,404 SF

      32323 Lorain Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,404 SF
      32323 Lorain Rd, North Ridgeville, OH 44039-3419
      View Details
    • Value Estimation
      $340,000
      717 SF

      35455 Ctr Rdg Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 717 SF
      35455 Ctr Rdg Rd, North Ridgeville, OH 44039-3017
      View Details
    • Value Estimation
      $355,000
      2,348 SF

      34373 Ctr Rdg Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,348 SF
      34373 Ctr Rdg Rd, North Ridgeville, OH 44039-3169
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.00 Acre

      Prime 1-Acre North Ridgeville Site

      High-traffic retail land, ready to build.
      32499 Lorain Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      7,900 SF

      Restaurant/Bar with Outdoor Patio

      7,900 SF restaurant/bar with outdoor patio and volleyball court.
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      New Chipotle Restaurant Investment Opportunity

      Corporate lease with Chipotle in growing North Ridgeville, Ohio.
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    • $250,000
      0.46 Acres

      Turnkey Restaurant Opportunity

      High-traffic location, ready to operate immediately.
      39475 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • $2,369,287
      2,325 SF

      Chipotle NNN Drive-Thru Ohio

      Brand new Chipotle, 15-year lease, high growth area.
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    • Contact for pricing
      Pending

      Turnkey Car Wash Opportunity

      Fully operational car wash on 1.31 acres in North Ridgeville.
      35630 Center Ridge Rd, North Ridgeville, OH 44039
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    Similar Nearby for Lease

    • Contact for pricing
      21,560 SF

      Emerald Ridge Center Retail Space

      Prime Retail Storefront, High Traffic Area
      34282 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Giant Eagle

      Retail space available in neighborhood shopping center near highways.
      34259 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • $12 SF/Yr
      2,000 SF

      Prime North Ridgeville Retail/Office Space

      2,000 SF, High-Visibility Location
      34910 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      43,000 SF

      Retail Space in North Ridgeville

      Retail property for lease in a high-traffic area.
      35075 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      4,800 SF

      Retail Development Site on Center Ridge

      Prime retail development site in North Ridgeville, Ohio.
      34540 Center Ridge Rd, North Ridgeville, OH 44039
      View Details
    • Contact for pricing
      1 SF

      North Ridgeville Commercial Land

      1.37 Acres, Development Ready
      33633 Bagley Rd, North Ridgeville, OH 44039
      View Details

    Property Visit Statistics

    • Visits by month
      17.8k
    • Visitors by month
      12.3k
    • Avg Time on site
      14 min
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    32223 Lorain Rd
    North Ridgeville, OH 44039-3417
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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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