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    Property profile & analytics

    4240 Lk Rd Sheffield Lake, OH 44054-1127

    • Car washes
    • 1,888 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US66-2474155
    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

    • Car washes

    Property Details for 4240 Lk Rd

    Year built
    1986
    Lot size
    0.24 lot acres
    Property size
    1,888 SF
    Property type
    Car washes
    APN
    03-00-041-104-001
    APU
    300041104001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1089
    Latitude
    41.4902
    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
    $2,572
    $11,354
    $24,927
    $36,281
    -
    $32,440
    $71,220
    $103,660

    Comparable in this City

    • Value Estimation by Request
      17,280 SF

      5033 Detroit Rd

      VEHICLE SALES, RENTALS • 17,280 SF
      5033 Detroit Rd, Sheffield Village, OH 44054-2810
      View Details
    • Value Estimation
      $270,000
      4.38 Acres

      Transportation Dr

      PARKING GARAGE, PARKING STRUCTURE • 4.38 Acres
      Transportation Dr, Sheffield Lake, OH 44054
      View Details
    • Value Estimation
      $255,000
      1,568 SF

      4095 Colorado Ave

      GAS STATION • 1,568 SF
      4095 Colorado Ave, Sheffield Village, OH 44054-2541
      View Details
    • Value Estimation by Request
      1,525 SF

      5128 Colorado Ave

      PARKING GARAGE, PARKING STRUCTURE • 1,525 SF
      5128 Colorado Ave, Sheffield Village, OH 44054-2337
      View Details
    • Value Estimation by Request
      1.01 Acres

      Detroit Rd

      PARKING GARAGE, PARKING STRUCTURE • 1.01 Acres
      Detroit Rd, Sheffield Lake, OH 44054
      View Details
    • Value Estimation
      $345,000
      1,104 SF

      4660 Abbe Rd

      GAS STATION • 1,104 SF
      4660 Abbe Rd, Sheffield Village, OH 44054-2986
      View Details

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    Similar Nearby for Lease

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    4240 Lk Rd
    Sheffield Lake, OH 44054-1127
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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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