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    Property profile & analytics

    52771 State Rte 113 Wakeman, OH 44889-9667

    • Parking lots & garages
    • 3,960 SF
    • 25.73 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Location Intelligence
    Property ID
    US66-3997506
    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

    • Parking lots & garages

    Property Details for 52771 State Rte 113

    Year built
    1950
    Lot size
    25.73 lot acres
    Property size
    3,960 SF
    Property type
    Parking lots & garages
    APN
    08-00-097-000-045
    APU
    800097000045

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wakeman
    County
    Lorain
    State
    Ohio
    Longitude
    -82.3392
    Latitude
    41.3314
    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
    $1,911
    $60,722
    $16,772
    $77,494
    -
    $173,490
    $47,920
    $221,410

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      Hyde St

      PARKING GARAGE, PARKING STRUCTURE • 0.52 Acres
      Hyde St, Wakeman, OH 44889
      View Details
    • Value Estimation by Request
      2,046 SF

      61 Main St

      PARKING GARAGE, PARKING STRUCTURE • 2,046 SF
      61 Main St, Wakeman, OH 44889
      View Details
    • Value Estimation by Request
      2,628 SF

      39 Main St

      PARKING GARAGE, PARKING STRUCTURE • 2,628 SF
      39 Main St, Wakeman, OH 44889-9701
      View Details
    • Value Estimation
      $310,000
      4,400 SF

      4689 Us Hwy 20

      PARKING GARAGE, PARKING STRUCTURE • 4,400 SF
      4689 Us Hwy 20, Wakeman, OH 44889-9318
      View Details
    • Value Estimation
      $335,000
      1,120 SF

      24 Main St

      PARKING GARAGE, PARKING STRUCTURE • 1,120 SF
      24 Main St, Wakeman, OH 44889-9700
      View Details
    • Value Estimation by Request
      1,300 SF

      12 Main St

      PARKING GARAGE, PARKING STRUCTURE • 1,300 SF
      12 Main St, Wakeman, OH 44889-9733
      View Details

    Similar Nearby for Sale

    • $390,000
      14.84 Acres

      Wakeman, OH Agricultural Land

      14.8 acre parcel zoned General Business with outbuilding.
      6175 Us Highway 20, Wakeman, OH 44889
      View Details
    • $269,900
      16.75 Acres

      Wakeman, OH Land Parcel

      16.75-acre parcel zoned Commercial/Industrial/Residential in Firelands School District.
      State Route 113, Wakeman, OH 44889
      View Details
    • $550,000
      12.38 Acres

      Wakeman Commercial Land - $550K

      12 Acres, C2 Zoning, High Visibility
      2508 Oh-60, Wakeman, OH 44889
      View Details
    • $195,000

      Wakeman, OH Multi-Family Investment

      Three-unit multi-family property in Wakeman, Ohio, with cash flow.
      22 Main St, Wakeman, OH 44889
      View Details
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    52771 State Rte 113
    Wakeman, OH 44889-9667
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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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