Technical
Financial
Distress signals
Property profile

524 Cleveland St Elyria, OH 44035

OFF-MARKET
Office buildings
Property ID
US66-0171118
1,291 SF 0.08 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding office building was remodeled to provide approximately 3,000 square feet of finished space distributed across three levels, including a finished walkout basement with a private rear entrance. The interior layout includes open work areas, private offices, and conference or training rooms, with multiple entrance points for flexible circulation. Building systems and finishes include forced-air gas heating with central air conditioning, refreshed lighting, flooring, and upgraded restrooms on multiple levels, and updates that include installation of a new AC unit; the building also has a newer asphalt shingle roof and features security and storage options. The building has three exits for access and separation from the front, side, and back. The site includes partially fenced yard areas, landscaping, and parking for approximately 8–10 vehicles across paved and gravel surfaces, with public water and sewer available. The property is located on Cleveland Street near Center Ridge Road and is zoned B-N Business-Neighborhood District, allowing a range of neighborhood-serving uses such as professional offices and certain personal service, retail, restaurant, and educational facility uses subject to applicable regulations.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 1,291 SF
Lot 0.08 ac (3,485 SF)
APN 06-25-020-107-032
UPID US66-0171118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation

Location

524 Cleveland St Elyria, OH 44035-4055
Elyria metro Census 70700 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
Last sale
$70,000
2 recorded transactions
2024
$70,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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