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    Property profile & analytics

    5291 Detroit Rd Sheffield Village, OH 44054-2902

    • Retail space
    • 6,840 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $650,000
    Last Sale
    May 14, 2024
    Location Intelligence
    Property ID
    US66-4104561
    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

    • Retail space

    Property Details for 5291 Detroit Rd

    Year built
    1988
    Lot size
    0.86 lot acres
    Property size
    6,840 SF
    Property type
    Retail space
    APN
    03-00-012-000-031
    APU
    300012000031

    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
    -82.0775
    Latitude
    41.4266
    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
    $31,886
    $280,263
    $215,943
    $496,206
    -
    $800,750
    $616,980
    $1,417,730

    Comparable in this City

    • Value Estimation by Request
      5,022 SF

      4768 Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,022 SF
      4768 Lk Rd, Sheffield Lake, OH 44054
      View Details
    • Value Estimation
      $320,000
      1,120 SF

      4707 Detroit Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      4707 Detroit Rd, Sheffield Village, OH 44054-2807
      View Details
    • Value Estimation
      $230,000
      4,992 SF

      5402 Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,992 SF
      5402 Lk Rd, Sheffield Lake, OH 44054-1903
      View Details
    • Value Estimation by Request
      1,024 SF

      5442 Colorado Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,024 SF
      5442 Colorado Ave, Sheffield Village, OH 44054-2331
      View Details
    • Value Estimation by Request
      2,560 SF

      5128 Colorado Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      5128 Colorado Ave, Sheffield Village, OH 44054-2337
      View Details
    • Value Estimation
      $350,000
      6,672 SF

      4210 Ivanhoe Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,672 SF
      4210 Ivanhoe Ave, Sheffield Lake, OH 44054-1107
      View Details

    Similar Nearby for Sale

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      5,000 SF

      High-Yield Sheetz NNN Investment

      Ohio Convenience Store - Strong ROI
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      0.18 Acres

      Sheffield Lake Buildable Lot

      Buildable lot near Lake Erie and parks.
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      0.12 Acres

      Buildable Land Near Lake Erie

      Two side-by-side lots in Sheffield Lake, close to Lake Erie.
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    • $139,000
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      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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    5291 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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