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    Property profile & analytics

    4640 Oberlin Ave, Unit 1A Lorain, OH 44053-3106

    • Apartment buildings
    • 2,828 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Jul 30, 2024
    Location Intelligence
    Property ID
    US66-1608882
    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

    • Apartment buildings

    Property Details for 4640 Oberlin Ave

    Year built
    1969
    Lot size
    0.44 lot acres
    Property size
    2,828 SF
    Property type
    Apartment buildings
    APN
    02-02-006-115-025
    APU
    202006115025

    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
    -82.1867
    Latitude
    41.4281
    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
    $15,317
    $133,105
    $61,828
    $194,933
    -
    $380,300
    $176,650
    $556,950

    Comparable in this City

    • Value Estimation by Request
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      2638 Collins Dr

      APARTMENT HOUSE (5+ UNITS) • 816 SF
      2638 Collins Dr, Lorain, OH 44053-1142
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      2620 Collins Dr

      APARTMENT HOUSE (5+ UNITS) • 816 SF
      2620 Collins Dr, Lorain, OH 44053-1100
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      2645 Collins Dr

      APARTMENT HOUSE (5+ UNITS) • 816 SF
      2645 Collins Dr, Lorain, OH 44053-1141
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      816 SF

      2815 Collins Dr

      APARTMENT HOUSE (5+ UNITS) • 816 SF
      2815 Collins Dr, Lorain, OH 44053-1145
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    • Value Estimation by Request
      816 SF

      2713 Collins Dr

      APARTMENT HOUSE (5+ UNITS) • 816 SF
      2713 Collins Dr, Lorain, OH 44053-1143
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,466 SF

      Lorain Mixed-Use Investment Opportunity

      High-yield multifamily, office, & warehouse.
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      Lorain Lakefront Multifamily Investment

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      Mixed-Use Investment Property For Sale

      Mixed-use property featuring office, apartments, and warehouses.
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      Desirable duplex with updated units, private laundry, and garage.
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      Amherst Retail Corridor Land

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      Lorain Office Building For Sale

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    Similar Nearby for Lease

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      3,200 SF

      Retail Space Near I-90

      Retail space available near I-90 with flexible layout.
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      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      3221-3311 Oberlin Ave, Lorain, OH 44053
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      81,640 SF

      Lorain Industrial Redevelopment Opportunity

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      Retail End-Cap on Oak Point

      2,400 SF end-cap in Lorain, OH near Route 2.
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      Oak Point Medical Condos For Sale/Lease

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      Lorain Meijer Outparcel Land

      Prime retail land, build-to-suit options.
      3100 Cooper Foster Park Rd, Lorain, OH 44053
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    Lorain, OH 44053-3106
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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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