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    Property profile & analytics

    4254 Lk Rd Sheffield Lake, OH 44054-1127

    • Office buildings
    • 1,858 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Mar 05, 2025
    $247,500
    Location Intelligence
    Property ID
    US66-1119042
    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

    • Office buildings

    Property Details for 4254 Lk Rd

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    1,858 SF
    Property type
    Office buildings
    APN
    03-00-040-103-001
    APU
    300040103001

    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
    -82.1084
    Latitude
    41.4903
    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
    $2,273
    $11,410
    $20,650
    $32,060
    -
    $32,600
    $59,000
    $91,600

    Comparable in this City

    • Value Estimation by Request
      400 SF

      Rear Land Land

      OFFICE BUILDING • 400 SF
      Rear Land Land, Sheffield Lake, OH 44054
      View Details
    • Value Estimation
      $395,000
      10,748 SF

      5505 Detroit Rd Ste A

      OFFICE BUILDING • 10,748 SF
      5505 Detroit Rd Ste A, Sheffield Village, OH 44054-3910
      View Details
    • Value Estimation
      $335,000
      4,358 SF

      4259 Lk Rd

      OFFICE BUILDING • 4,358 SF
      4259 Lk Rd, Sheffield Lake, OH 44054-1102
      View Details
    • Value Estimation
      $515,000
      9,618 SF

      3151 Abbe Rd

      OFFICE BUILDING • 9,618 SF
      3151 Abbe Rd, Sheffield Village, OH 44054-2420
      View Details
    • Value Estimation
      $395,000
      7,200 SF

      842 Abbe Rd

      OFFICE BUILDING • 7,200 SF
      842 Abbe Rd, Sheffield Village, OH 44054-2302
      View Details
    • Value Estimation
      $485,000
      4,334 SF

      5077 Waterford Dr301a

      OFFICE BUILDING • 4,334 SF
      5077 Waterford Dr301a, Sheffield Lake, OH 44054
      View Details

    Similar Nearby for Sale

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      4,850 SF

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      High-Yield Sheetz NNN Investment

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    • $700,000
      Pending

      Lakefront Restaurant and Banquet Hall

      Restaurant with banquet hall, bar, and development opportunity on 1.33 acres.
      5348 E Lake Rd, Sheffield Lake, OH 44054
      View Details
    • $34,900
      0.18 Acres

      Sheffield Lake Buildable Lot

      Buildable lot near Lake Erie and parks.
      786 Oliver St, Sheffield Lake, OH 44054
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    • Contact for pricing
      0.12 Acres

      Buildable Land Near Lake Erie

      Two side-by-side lots in Sheffield Lake, close to Lake Erie.
      518 Lafayette Blvd, Sheffield Lake, OH 44054
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    Similar Nearby for Lease

    • Contact for pricing
      113,688 SF

      Sheffield Crossing Retail Space

      Prime Retail Space in Sheffield Village, OH
      0 Detroit Rd, Sheffield, OH 44054
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Lake Road

      Retail spaces available inline with established businesses on Lake Road.
      4100-4128 E Lake Rd, Sheffield Lake, OH 44054
      View Details
    • Contact for pricing
      10,500 SF

      Sheffield Retail Center - 10,500 SF

      Prime Sheffield retail space, 10,500 sq ft, available now.
      5255 Detroit Rd, Sheffield, OH 44054
      View Details
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    4254 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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