4804 Leavitt Rd Lorain, OH 44053-2382
Property profile & analytics
4804 Leavitt Rd, Lorain, OH 44053-2382
- Medical Office Space
- 14,431 SF
- 7.52 lot acres
Property ID
US66-4187171
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.
Location Intelligence
Current Use by Public Records
- Malak Osama a MD / Physician
- Comprehensive Pain Care Center Inc / Physician
- Dr. Maher S. Kodsy, MD / Physician
- Dr. Girgis Emil Girgis, DO / Physician
- Lorain Surgery Center / Medical Clinic / Hospital
Property Details for 4804 Leavitt Rd
- Lot size
- 7.52 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 02-02-003-101-046
- APU
- 202003101046
Description
This exceptional property presents a rare dual opportunity: a fully operational 15,000 square foot Class A surgery center, boasting AAAHC accreditation and Medicare Deem certification, is available for sale or lease. The turnkey facility is ideal for various surgical specialties. Alternatively, the 7.52-acre lot offers significant redevelopment potential. Zoned B-2 General Commercial, the site allows for a diverse range of uses, including restaurants, hotels, financial institutions, medical clinics, and childcare facilities. Its prime location at a signalized intersection provides exceptional visibility and accessibility, situated directly across from major retailers such as Walmart, Kohl's, and Home Depot. The property benefits from its proximity to Route 2 and the recent influx of new businesses, including Meijer, Chick-fil-A, Panda Express, and Raising Cane's. The 650-foot frontage allows for divisible pads as small as one acre, making it an attractive option for various retail developments. Built in 1997, this property offers a unique blend of existing income potential and future development possibilities. The site's size and location make it an ideal investment for both owner-users and investors seeking high-growth potential in a thriving market. The property is currently occupied, and direct contact with the tenant should be avoided.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,900,000
- 6.5%
- $2,675,000
- 7%
- $2,485,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,632,000
Market price range: $713k - $2.15M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,345,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,080,000 Change: +129% Conversion: Moderate
- RESTAURANT
- $1,290,000 Change: -4% Conversion: Difficult
- OFFICE BUILDING
- $1,245,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.2071
- Latitude
- 41.426
- 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
$38,306
$82,212
$545,766
$627,978
-
$234,890
$1,559,330
$1,794,220
