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    Property profile & analytics

    502 Main St Wellington, OH 44090-1367

    • Banks
    • 4,023 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Location Intelligence
    Property ID
    US66-1907541
    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

    • Banks

    Property Details for 502 Main St

    Year built
    1997
    Lot size
    0.24 lot acres
    Property size
    4,023 SF
    Property type
    Banks
    APN
    18-00-026-105-029
    APU
    1800026105029

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2186
    Latitude
    41.1563
    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
    $13,543
    $3,675
    $244,087
    $247,762
    -
    $10,500
    $697,390
    $707,890

    Comparable in this City

    • Value Estimation
      $330,000
      2,718 SF

      216 Main St

      FINANCIAL BUILDING • 2,718 SF
      216 Main St, Wellington, OH 44090-1073
      View Details
    • Value Estimation
      $310,000
      3,124 SF

      817 Main St

      FINANCIAL BUILDING • 3,124 SF
      817 Main St, Wellington, OH 44090-1057
      View Details
    • Value Estimation
      $325,000
      3,480 SF

      161 Herrick Ave

      FINANCIAL BUILDING • 3,480 SF
      161 Herrick Ave, Wellington, OH 44090-1302
      View Details
    • Value Estimation by Request
      2,631 SF

      516 Herrick Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,631 SF
      516 Herrick Ave, Wellington, OH 44090-1248
      View Details
    • Value Estimation
      $200,000
      2,100 SF

      232 Kelly St

      DRY CLEANER • 2,100 SF
      232 Kelly St, Wellington, OH 44090-1262
      View Details
    • Value Estimation
      $345,000
      12,000 SF

      640 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      640 Main St, Wellington, OH 44090-1399
      View Details

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    Similar Nearby for Lease

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      Wellington Vacant Land For Lease

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    502 Main St
    Wellington, OH 44090-1367
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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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