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    Property profile & analytics

    405 4th St Lorain, OH 44052-1644

    • Strip malls
    • 34,950 SF
    • 2.75 lot acres
    OFF-MARKET
    Value Estimation
    $870,000
    Location Intelligence
    Property ID
    US66-0119614
    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

    • Save A Lot / Grocery Store
    • Mor For Less / Grocery Store
    • ATM / Atm

    Property Details for 405 4th St

    Year built
    1985
    Lot size
    2.75 lot acres
    Property size
    34,950 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-01-005-106-022
    APU
    201005106022

    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
    -82.1788
    Latitude
    41.4664
    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
    $40,853
    $72,188
    $447,755
    $519,943
    -
    $206,250
    $1,279,300
    $1,485,550

    Comparable in this City

    • Value Estimation
      $360,000
      10,518 SF

      4925 Broadway

      SHOPPING CENTER, STRIP CENTER • 10,518 SF
      4925 Broadway, Lorain, OH 44052-5558
      View Details
    • Value Estimation by Request
      16.10 Acres

      1641 Root Rd

      Lifestyle centers • 16.10 Acres
      1641 Root Rd, Lorain, OH 44052
      View Details
    • Value Estimation by Request
      109,837 SF

      1055 Meister Rd

      MINI-MALL • 109,837 SF
      1055 Meister Rd, Lorain, OH 44052-5141
      View Details
    • Value Estimation by Request
      0.17 Acres

      Oakdale Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      Oakdale Ave, Lorain, OH 44052
      View Details
    • Value Estimation by Request
      0.17 Acres

      Livingston Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      Livingston Ave, Lorain, OH 44052
      View Details
    • Value Estimation by Request
      0.07 Acres

      Livingston Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.07 Acres
      Livingston Ave, Lorain, OH 44052
      View Details

    Similar Nearby for Sale

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      Mixed-use building with retail and residential income potential.
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      38,556 SF

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      38,556 SF, 2 Buildings, 3.31 Acres
      1600-1604 Kansas Ave, Lorain, OH 44052
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      Lorain Industrial/Office Development Opportunity

      35,559 SF main building and 2,977 SF bank building for sale.
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    • $99,900
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      Prime Lorain Retail Opportunity

      4,590 SF Retail Space, $99,900
      321 Colorado Ave, Lorain, OH 44052
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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      1111 Meister Rd, Lorain, OH 44052
      View Details
    • Contact for pricing
      675 SF

      Retail Space in Lorain, OH

      Retail spaces available in grocery-anchored shopping center.
      1115 Meister Rd, Lorain, OH 44052
      View Details
    • Contact for pricing
      10,500 SF

      Broadway Ave Retail Space

      Lorain, OH: 3,500 SF Available
      4925 Broadway, Lorain, OH 44052
      View Details
    • $1,250 /Mo

      Handicap Accessible Ranch Duplex

      Two-bedroom, one-bath duplex with accessible features and private garage.
      1612 Maple Dr, Lorain, OH 44052
      View Details
    • $2,325 /Mo
      52,708 SF

      Lorain Warehouse with Drive-In Access

      4,850 SF industrial space ideal for distribution or storage.
      1760 Root Rd, Lorain, OH 44052
      View Details

    Property Visit Statistics

    • Visits by month
      7.5k
    • Visitors by month
      5.2k
    • Avg Time on site
      21 min
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    Lorain, OH 44052-1644
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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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