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    Property profile & analytics

    5230 Lk Rd Sheffield Lake, OH 44054

    • Assisted living facilities
    • 3,775 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 14, 2020
    $29,000
    Location Intelligence
    Property ID
    US66-4257940
    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

    • Assisted living facilities

    Property Details for 5230 Lk Rd

    Lot size
    0.16 lot acres
    Property size
    3,775 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    03-00-034-105-012
    APU
    300034105012

    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 Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -82.077
    Latitude
    41.4974
    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
    $7,818
    $5,866
    $104,405
    $110,271
    -
    $16,760
    $298,300
    $315,060

    Comparable in this City

    • Value Estimation
      $55,000
      3,712 SF

      Abbe Rd

      HOMES (RETIRED, NURSING) • 3,712 SF
      Abbe Rd, Sheffield Lake, OH 44054
      View Details
    • Value Estimation
      $185,000
      3,760 SF

      4691 French Crk Rd

      HOMES (RETIRED, NURSING) • 3,760 SF
      4691 French Crk Rd, Sheffield Village, OH 44054-2715
      View Details
    • Value Estimation by Request
      3,684 SF

      801 Robinwood Ave

      HOMES (RETIRED, NURSING) • 3,684 SF
      801 Robinwood Ave, Sheffield Lake, OH 44054-2213
      View Details
    • Value Estimation
      $75,000
      3,684 SF

      460 Abbe Rd

      HOMES (RETIRED, NURSING) • 3,684 SF
      460 Abbe Rd, Sheffield Lake, OH 44054-1802
      View Details
    • Value Estimation
      $220,000
      4,248 SF

      3942 Old Abbe Rd

      HOMES (RETIRED, NURSING) • 4,248 SF
      3942 Old Abbe Rd, Sheffield Village, OH 44054-3037
      View Details
    • Value Estimation
      $195,000
      2,719 SF

      4270 Lk Rd

      MEDICAL BUILDING • 2,719 SF
      4270 Lk Rd, Sheffield Lake, OH 44054-1100
      View Details

    Similar Nearby for Sale

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    • $700,000
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      Lakefront Restaurant and Banquet Hall

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    • $1,049,000
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      Lakefront Executive Office Building

      Sheffield Lake, OH: Prime Office Space
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    • New
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      Sheffield Lake Buildable Lot

      Buildable lot near Lake Erie and parks.
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      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
      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
    • Contact for pricing
      10,500 SF

      Sheffield Retail Center - 10,500 SF

      Prime Sheffield retail space, 10,500 sq ft, available now.
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      View Details
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    5230 Lk Rd
    Sheffield Lake, OH 44054
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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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