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    Property profile & analytics

    5109 Leavitt Rd Lorain, OH 44053-2161

    • Drive through restaurants
    • 1,700 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    $100,000
    Last Sale
    May 28, 2020
    $85,000
    Location Intelligence
    Property ID
    US66-0887727
    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

    • Drive through restaurants

    Property Details for 5109 Leavitt Rd

    Year built
    1954
    Construction
    WOOD FRAME
    Lot size
    1.02 lot acres
    Property size
    1,700 SF
    Property type
    Drive through restaurants
    APN
    02-02-003-103-003
    APU
    202003103003

    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
    -82.2083
    Latitude
    41.422
    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
    $728
    $14,445
    $0.00
    $14,445
    -
    $41,270
    $0.00
    $41,270

    Comparable in this City

    • Value Estimation
      $315,000
      2,314 SF

      1420 Cooper Foster Park W Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,314 SF
      1420 Cooper Foster Park W Rd, Lorain, OH 44053-3615
      View Details
    • Value Estimation
      $260,000
      1,536 SF

      3360 Oberlin Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,536 SF
      3360 Oberlin Ave, Lorain, OH 44053-2754
      View Details
    • Value Estimation
      $490,000
      5,256 SF

      6400 Broadway

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,256 SF
      6400 Broadway, Lorain, OH 44053-3954
      View Details
    • Value Estimation
      $335,000
      2,033 SF

      3671 Oberlin Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,033 SF
      3671 Oberlin Ave, Lorain, OH 44053-2759
      View Details
    • Value Estimation
      $3,055,000
      3,600 SF

      3000 Cooper Foster Park Rd W Ste, Unit 100

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,600 SF
      3000 Cooper Foster Park Rd W Ste, Lorain, OH 44053-2241
      View Details
    • Value Estimation
      $325,000
      2,049 SF

      5494 Leavitt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,049 SF
      5494 Leavitt Rd, Lorain, OH 44053-2156
      View Details

    Similar Nearby for Sale

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      Prime retail opportunity in Lorain, Ohio with high visibility.
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      Lorain Retail Property For Sale

      Retail property available for purchase in Lorain, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space Near I-90

      Retail space available near I-90 with flexible layout.
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      Prime retail land, build-to-suit options.
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      Lorain Retail Spaces Available

      Prime Lorain location, multiple retail spaces.
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    • Contact for pricing

      Retail Anchor Space Available

      Anchor and junior anchor spaces available in Lorain, Ohio.
      2418-2630 West 21St St, Lorain, OH 44053
      View Details
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    5109 Leavitt Rd
    Lorain, OH 44053-2161
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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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