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    Property profile & analytics

    5223 Detroit Rd Sheffield Village, OH 44054-2902

    • Turn key restaurants
    • 5,893 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Last Sale
    May 01, 2025
    $447,500
    Location Intelligence
    Property ID
    US66-0364975
    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

    • Turn key restaurants

    Property Details for 5223 Detroit Rd

    Year built
    2007
    Lot size
    2.44 lot acres
    Property size
    5,893 SF
    Property type
    Turn key restaurants
    APN
    03-00-012-000-186
    APU
    300012000186

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield Village
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0807
    Latitude
    41.4268
    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
    $21,952
    $176,701
    $164,903
    $341,604
    -
    $504,860
    $471,150
    $976,010

    Comparable in this City

    • Value Estimation
      $185,000
      1,750 SF

      4246 Lk Rd

      RESTAURANT • 1,750 SF
      4246 Lk Rd, Sheffield Lake, OH 44054-1127
      View Details
    • Value Estimation
      $225,000
      2,385 SF

      4540 Lk Rd

      RESTAURANT • 2,385 SF
      4540 Lk Rd, Sheffield Lake, OH 44054-1302
      View Details
    • Value Estimation by Request
      4,480 SF

      5348 Lk Rd

      RESTAURANT • 4,480 SF
      5348 Lk Rd, Sheffield Lake, OH 44054-1823
      View Details
    • Value Estimation
      $470,000
      1,020 SF

      4225 Lk Rd

      RESTAURANT • 1,020 SF
      4225 Lk Rd, Sheffield Lake, OH 44054-1102
      View Details
    • Value Estimation by Request
      12,690 SF

      4900 Transportation Dr

      RESTAURANT • 12,690 SF
      4900 Transportation Dr, Sheffield Village, OH 44054-2814
      View Details
    • Value Estimation
      $110,000
      3,212 SF

      5284 Lk Rd

      RESTAURANT • 3,212 SF
      5284 Lk Rd, Sheffield Lake, OH 44054-1716
      View Details

    Similar Nearby for Sale

    • $700,000
      Pending

      Lakefront Restaurant and Banquet Hall

      Restaurant with banquet hall, bar, and development opportunity on 1.33 acres.
      5348 E Lake Rd, Sheffield Lake, OH 44054
      View Details
    • $4,661,217
      5,000 SF

      High-Yield Sheetz NNN Investment

      Ohio Convenience Store - Strong ROI
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    • $1,049,000
      4,850 SF

      Lakefront Executive Office Building

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    • New
      $34,900
      0.18 Acres

      Sheffield Lake Buildable Lot

      Buildable lot near Lake Erie and parks.
      786 Oliver St, Sheffield Lake, OH 44054
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    • Contact for pricing
      0.12 Acres

      Buildable Land Near Lake Erie

      Two side-by-side lots in Sheffield Lake, close to Lake Erie.
      518 Lafayette Blvd, Sheffield Lake, OH 44054
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    • $139,000
      0.22 Acres

      Land Near Lake Erie

      Vacant land suitable for residential or commercial development.
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    Similar Nearby for Lease

    • Contact for pricing
      113,688 SF

      Sheffield Crossing Retail Space

      Prime Retail Space in Sheffield Village, OH
      0 Detroit Rd, Sheffield, OH 44054
      View Details
    • Contact for pricing
      10,500 SF

      Sheffield Retail Center - 10,500 SF

      Prime Sheffield retail space, 10,500 sq ft, available now.
      5255 Detroit Rd, Sheffield, OH 44054
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Lake Road

      Retail spaces available inline with established businesses on Lake Road.
      4100-4128 E Lake Rd, Sheffield Lake, OH 44054
      View Details
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    5223 Detroit Rd
    Sheffield Village, OH 44054-2902
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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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