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    Property profile & analytics

    5300 Oberlin Ave Lorain, OH 44053-3438

    • Bowling alleys
    • 50,722 SF
    • 2.12 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Last Sale
    Sep 01, 2022
    $791,650
    Location Intelligence
    Property ID
    US66-1678150
    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

    • Monogrammix / Embroidery Shop
    • On the Avenue / Event Venue / Banquet Hall
    • Rebman Recreation Inc / Bowling Alley / Sports Complex

    Property Details for 5300 Oberlin Ave

    Year built
    1964
    Lot size
    2.12 lot acres
    Property size
    50,722 SF
    Property type
    Bowling alleys
    APN
    02-02-005-108-042
    APU
    202005108042

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $725,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $840,000
      Retail
      $950,000
      Mixed-Use
      $695,000
      Hospitality
      $955,000
      Educational
      $945,000
      Residential Income
      $765,000
      Energy
      $680,000
      Income-Based Land
      $725,000
      Food Service
      $765,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1867
    Latitude
    41.4209
    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
    $41,241
    $64,642
    $460,247
    $524,889
    -
    $184,690
    $1,314,990
    $1,499,680

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      0.13 Acres

      4514 Blush Ct

      RECREATIONAL, ENTERTAINMENT • 0.13 Acres
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    • Value Estimation
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      6.11 Acres

      5445 Beavercrest Dr

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      5445 Beavercrest Dr, Lorain, OH 44053-1700
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    • Value Estimation by Request
      1,764 SF

      4274 Shr Dr

      RECREATIONAL, ENTERTAINMENT • 1,764 SF
      4274 Shr Dr, Lorain, OH 44053-1323
      View Details
    • Value Estimation
      $240,000
      23.27 Acres

      44165 Middle Rdg Rd

      AMUSEMENT PARK • 23.27 Acres
      44165 Middle Rdg Rd, Lorain, OH 44053-3915
      View Details
    • Value Estimation by Request
      2.17 Acres

      4713 Kolbe Rd

      RECREATIONAL, ENTERTAINMENT • 2.17 Acres
      4713 Kolbe Rd, Lorain, OH 44053
      View Details

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    Lorain, OH 44053-3438
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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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