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    Property profile & analytics

    3940 Avon Lk Rd Litchfield, OH 44253-9701

    • Office buildings
    • 5,880 SF
    • 2.46 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Jun 18, 2025
    Location Intelligence
    Property ID
    US66-1636795
    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

    • Tonio's Pizza / Pizza Restaurant / Italian Restaurant
    • Old School House Catering / Caterer / Restaurant
    • Roof Pros / Roofing Contractor
    • GoGreen Home Maintenance Experts LLC / Handyman

    Property Details for 3940 Avon Lk Rd

    Year built
    1920
    Lot size
    2.46 lot acres
    Property size
    5,880 SF
    Property type
    Office buildings
    APN
    024-04C-06-006
    APU
    02404C06006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $380,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $395,000
      Mixed-Use
      $325,000
      Hospitality
      $345,000
      Educational
      $400,000
      Residential Income
      $380,000
      Energy
      $370,000
      Income-Based Land
      $340,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Medina
    State
    Ohio
    Longitude
    -82.0242
    Latitude
    41.167
    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
    $6,148
    $43,860
    $84,820
    $128,680
    -
    $125,320
    $242,330
    $367,650

    Comparable in this City

    • Value Estimation
      $220,000
      1,280 SF

      8907 Norwalk Rd

      OFFICE BUILDING • 1,280 SF
      8907 Norwalk Rd, Litchfield, OH 44253-9770
      View Details
    • Value Estimation
      $245,000
      780 SF

      8485 Norwalk Rd

      OFFICE BUILDING • 780 SF
      8485 Norwalk Rd, Litchfield, OH 44253-9109
      View Details
    • Value Estimation by Request
      0.66 Acres

      Norwalk Rd

      VACANT COMMERCIAL LAND • 0.66 Acres
      Norwalk Rd, Litchfield, OH 44253
      View Details
    • Value Estimation by Request
      2.33 Acres

      Norwalk Rd

      VACANT COMMERCIAL LAND • 2.33 Acres
      Norwalk Rd, Litchfield, OH 44253
      View Details
    • Value Estimation by Request
      1,388 SF

      8035 Norwalk Rd, Unit 2B

      INDUSTRIAL (GENERAL) • 1,388 SF
      8035 Norwalk Rd, Litchfield, OH 44253-9140
      View Details
    • Value Estimation by Request
      1,000 SF

      7999 Norwalk Rd, Unit 19

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      7999 Norwalk Rd, Litchfield, OH 44253-9723
      View Details

    Similar Nearby for Lease

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      1,000 SF

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      Norwalk Rd, Litchfield, OH 44253
      View Details
    • $750 /Mo
      1,000 SF

      Affordable Industrial Storage Condo

      1,000 SF industrial condo for lease, ideal for storage.
      7999 Norwalk Rd, Litchfield, OH 44253
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    Litchfield, OH 44253-9701
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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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