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    Property profile & analytics

    505 Liberty St Painesville, OH 44077-3677

    • Retail space
    • 5,105 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Jun 02, 2020
    Location Intelligence
    Property ID
    US66-3675569
    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

    • Retail space

    Property Details for 505 Liberty St

    Year built
    1956
    Lot size
    0.24 lot acres
    Property size
    5,105 SF
    Zone code
    B-4
    Property type
    Retail space
    APN
    15-B-010-0-00-072-0
    APU
    15B0100000720

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2404
    Latitude
    41.715
    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
    $3,465
    $3,660
    $30,470
    $34,130
    -
    $10,450
    $87,070
    $97,520

    Comparable in this City

    • Value Estimation by Request
      1,833 SF

      216 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,833 SF
      216 Main St, Painesville, OH 44077-3810
      View Details
    • Value Estimation by Request
      1,422 SF

      222 Joughin Aly

      RETAIL STORES (PERSONAL SERVICES) • 1,422 SF
      222 Joughin Aly, Painesville, OH 44077
      View Details
    • Value Estimation by Request
      2,294 SF

      69 Walnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,294 SF
      69 Walnut Ave, Painesville, OH 44077-2923
      View Details
    • Value Estimation by Request
      0.07 Acres

      Mentor Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      Mentor Ave, Painesville, OH 44077
      View Details
    • Value Estimation
      $1,290,000
      5,736 SF

      9950-9952 Johnnycake Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,736 SF
      9950-9952 Johnnycake Rdg Rd, Concord Township, OH 44077
      View Details
    • Value Estimation
      $205,000
      5,589 SF

      206 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 5,589 SF
      206 Chestnut St, Painesville, OH 44077-2788
      View Details

    Similar Nearby for Sale

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      Retail Facility Near Chesapeake Cove

      Retail facility for sale near Chesapeake Cove development.
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      Commercially zoned property with expansion potential in a dynamic location.
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      Painesville Retail Property For Sale

      2,978 SF retail property in Painesville, Ohio.
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    • $595,000
      10,458 SF

      Retail Building with Warehouse Space

      Retail building with warehouse, showroom, and fenced yard.
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    Similar Nearby for Lease

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      1,450 SF

      Retail Space on Fredle Drive

      Retail space available on Fredle Drive, Painesville, OH.
      7530-7596 Fredle Dr, Painesville, OH 44077
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      Retail Space on Mentor Avenue

      Retail space with excellent visibility and ample parking.
      1935-1945 Mentor Ave, Painesville, OH 44077
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      8,119 SF

      Painesville Retail Space For Rent

      Retail space available in Painesville, high-traffic location.
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      Retail Space Near Interstate 90

      Retail spaces available in new development near Interstate 90.
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      Crystal Plaza Retail Space Available

      Prime Painesville Retail Space - High Traffic Location
      1623 Mentor Ave, Painesville, OH 44077
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    • Contact for pricing
      4,750 SF

      Retail Space on Mentor Avenue

      Retail spaces available near Lake County Fairgrounds on Route 20.
      1605-1625 Mentor Ave, Painesville, OH 44077
      View Details
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    505 Liberty St
    Painesville, OH 44077-3677
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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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