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    Property profile & analytics

    3553 Broadway Lorain, OH 44055-1248

    • Office buildings
    • 5,915 SF
    • 6.04 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Oct 12, 2022
    Location Intelligence
    Property ID
    US66-1837316
    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

    • Office buildings

    Property Details for 3553 Broadway

    Year built
    1919
    Lot size
    6.04 lot acres
    Property size
    5,915 SF
    Property type
    Office buildings
    APN
    03-00-103-101-009
    APU
    300103101009

    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
    -82.1626
    Latitude
    41.4382
    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
    $0.00
    $85,400
    $354,508
    $439,908
    -
    $244,000
    $1,012,880
    $1,256,880

    Comparable in this City

    • Value Estimation by Request
      1,363 SF

      3575 Elyria Ave

      OFFICE BUILDING • 1,363 SF
      3575 Elyria Ave, Lorain, OH 44055-1429
      View Details
    • Value Estimation
      $205,000
      3,058 SF

      1727 Rdg E Rd

      OFFICE BUILDING • 3,058 SF
      1727 Rdg E Rd, Lorain, OH 44055-3244
      View Details
    • Value Estimation
      $515,000
      6,144 SF

      2173 Rdg Rd E E Ste

      OFFICE BUILDING • 6,144 SF
      2173 Rdg Rd E E Ste, Lorain, OH 44055-3400
      View Details
    • Value Estimation
      $75,000
      1,024 SF

      2526 28th St

      OFFICE BUILDING • 1,024 SF
      2526 28th St, Lorain, OH 44055-2116
      View Details
    • Value Estimation
      $350,000
      10,014 SF

      1536 30th St

      OFFICE BUILDING • 10,014 SF
      1536 30th St, Lorain, OH 44055-1612
      View Details
    • Value Estimation by Request
      2,320 SF

      4995 1st Blvd

      OFFICE BUILDING • 2,320 SF
      4995 1st Blvd, Lorain, OH 44055-2902
      View Details

    Similar Nearby for Sale

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      0.74 Acres

      Residential Land in Established Neighborhood

      0.74 acre lot for dream home in Lorain, OH.
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    • Contact for pricing
      0.16 Acres

      Residential Lot in Lorain, OH

      Buildable residential lot in Lorain, OH, value-priced.
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    • $500,000
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      Lorain Retail Business for Sale

      Established Grocery Store, Turnkey Operation
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      View Details
    • $33,500
      0.70 Acres

      Lorain Industrial Land - $33,500

      0.7-acre Industrial Lot, Lorain, OH
      0 Pearl Ave, Lorain, OH 44055
      View Details
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      Commercial Land Opportunity Available

      Commercial land suitable for various business ventures, great location.
      2343 N Ridge Rd E, Lorain, OH 44055
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    • $159,900
      2,688 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex in Lorain, generating $1,700 monthly income.
      2323/2325 Homewood Dr, Lorain, OH 44055
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    Similar Nearby for Lease

    • Contact for pricing
      11,312 SF

      Former Rite Aid Retail Building

      Freestanding 11,312 SF building, high traffic, strong sales history.
      2853 Grove Ave, Lorain, OH 44055
      View Details
    • Contact for pricing
      1,264 SF

      Lorain-Elyria Retail Corridor Space

      Retail spaces available in Sheffield Center Plaza, Lorain, OH.
      120-400 Sheffield Ctr, Lorain, OH 44055
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Sheffield Center

      Retail spaces available in Lorain-Elyria retail corridor.
      105 Sheffield Ctr, Lorain, OH 44055
      View Details
    • Contact for pricing
      20,765 SF

      Retail Space in Lorain, Ohio

      Save A Lot anchored shopping center on Route 57.
      2222 Fairless Dr, Lorain, OH 44055
      View Details
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    3553 Broadway
    Lorain, OH 44055-1248
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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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