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    Property profile & analytics

    3801 Lorain Ave Cleveland, OH 44113

    • Retail space
    • 416 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $105,000
    Last Sale
    Oct 08, 2024
    $110,000
    Location Intelligence
    Property ID
    US66-1295975
    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

    • Retail space

    Property Details for 3801 Lorain Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    416 SF
    Zone code
    LR
    Property type
    Retail space
    APN
    007-05-008
    APU
    705008

    Description

    This exceptional 853-square-foot commercial property, located at 3801 Lorain Avenue in Cleveland, Ohio, presents a unique redevelopment opportunity in a rapidly growing area. The single-story building sits on a 0.206-acre lot and is zoned LR-D3, offering versatility for various retail or office uses. Its prime location in Ohio City provides excellent walkability to numerous attractions, including the West Side Market, Pins Mechanical Co, INTRO Cleveland, and Great Lakes Brewing Company, all situated on West 25th Street. Furthermore, the property benefits from convenient access to I-90, providing easy connectivity to Downtown Cleveland and the vibrant Lakewood neighborhood. Downtown Cleveland itself boasts a wealth of amenities, including three professional sports teams, Jack Casino, the Great Lakes Science Center, and the Rock and Roll Hall of Fame. This property is also available for purchase alongside the adjacent multi-family property at 3815 Lorain Avenue, presenting a compelling investment opportunity. The property's APN is 00705007, 00705008. This is a rare chance to acquire a well-situated commercial space in a thriving Cleveland neighborhood. The asking price is $150,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $85,000
      6.5%
      $75,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $80,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $85,000
      Retail
      $95,000
      Mixed-Use
      $80,000
      Hospitality
      $80,000
      Educational
      $75,000
      Residential Income
      $90,000
      Energy
      $75,000
      Income-Based Land
      $90,000
      Food Service
      $90,000

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.712
    Latitude
    41.4806
    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
    $2,910
    $8,750
    $12,250
    $21,000
    -
    $25,000
    $35,000
    $60,000

    Comparable in this City

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    • Value Estimation by Request
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      408 Saint Clair Ave, Unit 130

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      $135,000
      2,888 SF

      2704 Brg Ave

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    • Value Estimation
      $240,000
      2,380 SF

      2098 25th St

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      2098 25th St, Cleveland, OH 44113
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    • Value Estimation
      $330,000
      13,539 SF

      2190 Professor Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,539 SF
      2190 Professor Ave, Cleveland, OH 44113-3693
      View Details
    • Value Estimation
      $325,000
      5,356 SF

      2258 Professor Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,356 SF
      2258 Professor Ave, Cleveland, OH 44113-4467
      View Details

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    3801 Lorain Ave
    Cleveland, OH 44113
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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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