Property profile

422 Broadway Lorain, OH 44052

OFF-MARKET
Investment properties
Property ID
US66-2327683
11,062 SF 0.21 ac lot Built 1909
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1909
Total area 11,062 SF
Lot 0.21 ac (9,148 SF)
APN 02-01-004-102-018
UPID US66-2327683

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

422 Broadway Lorain, OH 44052-1740
Lorain metro Census 22400 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$805k
Blend (final) Blend
$1.07M

Owner & transaction history

since 2018
2 recorded transactions
2018
$118,000
2005
$58,000

Zoning & alternative use

Top alternative use upside
Medical building $1.0M +68.5%
Restaurant $990,000 +61.6%
Office building $955,000 +56.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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