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    Property profile & analytics

    502 Broadway Lorain, OH 44052-1732

    • Office buildings
    • 2,600 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Aug 04, 2023
    $66,500
    Location Intelligence
    Property ID
    US66-2001685
    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 502 Broadway

    Year built
    1920
    Lot size
    0.06 lot acres
    Property size
    2,600 SF
    Property type
    Office buildings
    APN
    02-01-004-103-018
    APU
    201004103018

    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
    -82.1764
    Latitude
    41.4665
    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
    $8,776
    $1,372
    $108,185
    $109,557
    -
    $3,920
    $309,100
    $313,020

    Comparable in this City

    • Value Estimation
      $425,000
      5,673 SF

      Nn Rdg Rd

      OFFICE BUILDING • 5,673 SF
      Nn Rdg Rd, Lorain, OH 44052
      View Details
    • Value Estimation
      $200,000
      7,710 SF

      209 6th St

      OFFICE BUILDING • 7,710 SF
      209 6th St, Lorain, OH 44052-1744
      View Details
    • Value Estimation
      $195,000
      3,725 SF

      221 8th St

      OFFICE BUILDING • 3,725 SF
      221 8th St, Lorain, OH 44052-1817
      View Details
    • Value Estimation
      $275,000
      2,200 SF

      522 Broadway

      OFFICE BUILDING • 2,200 SF
      522 Broadway, Lorain, OH 44052-1732
      View Details
    • Value Estimation
      $275,000
      1,530 SF

      713 Broadway

      OFFICE BUILDING • 1,530 SF
      713 Broadway, Lorain, OH 44052-1805
      View Details
    • Value Estimation
      $295,000
      5,850 SF

      520 Broadway

      OFFICE BUILDING (MULTI-STORY) • 5,850 SF
      520 Broadway, Lorain, OH 44052-1747
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      0.11 Acres

      Residential Lot in Lorain, OH

      Residential building lot available near Lake Erie and community amenities.
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      0.08 Acres

      Residential Lots in Lorain, OH

      Three residential lots available in Lorain, ideal for building.
      W 8Th St, Lorain, OH 44052
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    • $99,900
      4,590 SF

      Prime Lorain Retail Opportunity

      4,590 SF Retail Space, $99,900
      321 Colorado Ave, Lorain, OH 44052
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo

      Handicap Accessible Ranch Duplex

      Two-bedroom, one-bath duplex with accessible features and private garage.
      1612 Maple Dr, Lorain, OH 44052
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      1111 Meister Rd, Lorain, OH 44052
      View Details
    • $2,325 /Mo
      52,708 SF

      Lorain Warehouse with Drive-In Access

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      1760 Root Rd, Lorain, OH 44052
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    • Contact for pricing
      10,500 SF

      Broadway Ave Retail Space

      Lorain, OH: 3,500 SF Available
      4925 Broadway, Lorain, OH 44052
      View Details
    • Contact for pricing
      675 SF

      Retail Space in Lorain, OH

      Retail spaces available in grocery-anchored shopping center.
      1115 Meister Rd, Lorain, OH 44052
      View Details
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    502 Broadway
    Lorain, OH 44052-1732
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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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