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    Property profile & analytics

    512 Cleveland St Elyria, OH 44035-4055

    • Retail space
    • 1,570 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $145,000
    Last Sale
    Aug 21, 2023
    $150,000
    Location Intelligence
    Property ID
    US66-2435850
    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

    • Lorain County Garage Door Repair / Garage Door Supplier / Repair Service

    Property Details for 512 Cleveland St

    Year built
    1920
    Construction
    WOOD FRAME
    Lot size
    0.14 lot acres
    Property size
    1,570 SF
    Property type
    Retail space
    APN
    06-25-019-112-013
    APU
    625019112013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $115,000
      6.5%
      $115,000
      7%
      $115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $120,000
      Geo Method
      $110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $125,000
      Retail
      $95,000
      Mixed-Use
      $105,000
      Hospitality
      $105,000
      Educational
      $125,000
      Residential Income
      $130,000
      Energy
      $125,000
      Income-Based Land
      $120,000
      Food Service
      $125,000

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0824
    Latitude
    41.3762
    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
    $1,410
    $8,537
    $30,643
    $39,180
    -
    $24,390
    $87,550
    $111,940

    Comparable in this City

    • Value Estimation by Request
      7,610 SF

      350 Cleveland St

      RETAIL STORES (PERSONAL SERVICES) • 7,610 SF
      350 Cleveland St, Elyria, OH 44035-6142
      View Details
    • Value Estimation by Request
      494 SF

      1905 Grafton Rd

      RETAIL STORES (PERSONAL SERVICES) • 494 SF
      1905 Grafton Rd, Elyria, OH 44035-8317
      View Details
    • Value Estimation by Request
      946 SF

      237 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 946 SF
      237 Brg St, Elyria, OH 44035-5313
      View Details
    • Value Estimation by Request
      10,541 SF

      227 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 10,541 SF
      227 Broad St, Elyria, OH 44035
      View Details
    • Value Estimation
      $60,000
      2,182 SF

      720 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,182 SF
      720 Lk Ave, Elyria, OH 44035-3544
      View Details
    • Value Estimation
      $535,000
      13,298 SF

      540 Griswold Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,298 SF
      540 Griswold Rd, Elyria, OH 44035-2305
      View Details

    Similar Nearby for Sale

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      Renovated Retail with Income Apartments

      Newly renovated retail space with three apartments for rental income.
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      Mixed-use property with retail/office space and residential apartment.
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    • $1,697,000
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      Elyria Retail Investment Opportunity

      Retail property with absolute NNN lease and attractive rental increases.
      914 Cleveland St, Elyria, OH 44035
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      Retail Space in Dense Area

      Retail property in a high-traffic location with national tenants.
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    • $184,000
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      Elyria Retail Building For Sale

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    Similar Nearby for Lease

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      8,712 SF

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      Retail space with high visibility and multiple anchor tenants.
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      Retail Space Midway Mall

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      Elyria Retail Space Available

      Retail space with high visibility near major retailers.
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    • Contact for pricing
      25,954 SF

      Elyria Retail Space For Lease

      25,594 SF retail space in dominant shopping center.
      360 Market Dr, Elyria, OH 44035
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    • $22 SF/Yr
      1,465 SF

      Retail Space in Elyria Plaza

      Retail space available within a 45,743 sq ft plaza.
      342 Chestnut Commons Dr, Elyria, OH 44035
      View Details
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    512 Cleveland St
    Elyria, OH 44035-4055
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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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