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    Property profile & analytics

    340 Broad St Elyria, OH 44035-5504

    • Investment properties
    • 5,554 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US66-5800117
    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

    • Hanini Plus discount hair and beauty supplies / Beauty Supply Store / Clothing Store

    Property Details for 340 Broad St

    Year built
    1950
    Lot size
    0.08 lot acres
    Property size
    5,554 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-26-063-000-062
    APU
    626063000062

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1052
    Latitude
    41.3674
    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
    $3,053
    $9,328
    $32,673
    $42,001
    -
    $26,650
    $93,350
    $120,000

    Comparable in this City

    • Value Estimation by Request
      500 SF

      Frd Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 500 SF
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      $295,000
      3,000 SF

      882 Cleveland St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      882 Cleveland St, Elyria, OH 44035-4141
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    • Value Estimation
      $45,000
      1,691 SF

      116 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,691 SF
      116 4th St, Elyria, OH 44035-5906
      View Details
    • Value Estimation
      $205,000
      3,554 SF

      604 Middle Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,554 SF
      604 Middle Ave, Elyria, OH 44035-5851
      View Details
    • Value Estimation
      $280,000
      1,929 SF

      41531 Rdg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,929 SF
      41531 Rdg Rd, Elyria, OH 44035-1244
      View Details
    • Value Estimation
      $660,000
      3,552 SF

      154 Woodbury St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,552 SF
      154 Woodbury St, Elyria, OH 44035-4012
      View Details

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    Similar Nearby for Lease

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      25,594 SF retail space in dominant shopping center.
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    340 Broad St
    Elyria, OH 44035-5504
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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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