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    Property profile & analytics

    489 Main St Grafton, OH 44044-1243

    • Medical offices
    • 2,829 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US66-2860828
    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

    • Medical offices

    Property Details for 489 Main St

    Lot size
    1.05 lot acres
    Property size
    2,829 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    11-00-100-101-033
    APU
    1100100101033

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0642
    Latitude
    41.2819
    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
    $6,248
    $18,375
    $95,550
    $113,925
    -
    $52,500
    $273,000
    $325,500

    Comparable in this City

    • Value Estimation
      $600,000
      13,650 SF

      36469 State Rte 303

      MEDICAL BUILDING • 13,650 SF
      36469 State Rte 303, Grafton, OH 44044-9273
      View Details
    • Value Estimation
      $470,000
      2,720 SF

      420 Main St

      MEDICAL BUILDING • 2,720 SF
      420 Main St, Grafton, OH 44044-1206
      View Details
    • Value Estimation by Request
      1,040 SF

      1143 Elm St

      OFFICE BUILDING • 1,040 SF
      1143 Elm St, Grafton, OH 44044-1300
      View Details
    • Value Estimation
      $150,000
      1,368 SF

      990 Commerce Dr

      CONDOMINIUM OFFICES • 1,368 SF
      990 Commerce Dr, Grafton, OH 44044-1258
      View Details
    • Value Estimation
      $240,000
      1,581 SF

      1008 Vivian Dr

      CONDOMINIUM OFFICES • 1,581 SF
      1008 Vivian Dr, Grafton, OH 44044-1250
      View Details
    • Value Estimation
      $290,000
      2,796 SF

      970 Commerce Dr

      CONDOMINIUM OFFICES • 2,796 SF
      970 Commerce Dr, Grafton, OH 44044-1258
      View Details

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      Grafton Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      16,118 SF

      Grafton Retail Center - Main Street

      High-traffic retail space available. Excellent condition.
      480 Main St, Grafton, OH 44044
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      1.4 acres of retail-zoned land with high visibility.
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      View Details
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    489 Main St
    Grafton, OH 44044-1243
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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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