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    Property profile & analytics

    5310 Leavitt Rd Lorain, OH 44053

    • Gas stations
    • 351 SF
    • 7.42 lot acres
    For Lease
    View listing
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US66-1034154
    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

    • Meijer Express Gas Station / Gas Station / Convenience Store
    • Five Guys / Fast Food Restaurant / Hot Dog Restaurant

    Property Details for 5310 Leavitt Rd

    Lot size
    7.42 lot acres
    Property size
    351 SF
    Property type
    Gas stations
    APN
    02-02-003-101-050
    APU
    202003101050

    Description

    This exceptional retail opportunity presents various spaces for lease in Lorain, Ohio, ideally situated in front of a brand-new Meijer supermarket. The property offers excellent access and visibility, boasting a range of sizes to accommodate diverse business needs. Available spaces include free-standing units, end-cap spaces, and in-line units, ranging from 1,500 to 6,000 square feet. Additionally, outlots are available for lease, providing flexibility for various development options. The location benefits from strong co-tenancy, with nearby established retailers such as Walmart, Home Depot, Kohl's, Giant Eagle, Aldi, Tractor Supply, Starbucks, Chipotle, McDonald's, and Dunkin'. This prime location ensures high traffic volume and excellent exposure to a substantial customer base. The property's proximity to the highway interchange of SR-2 and Leavitt Road further enhances accessibility and convenience for both customers and employees. This is an unparalleled opportunity to establish a thriving business in a high-demand retail area. The total available space is 6,000 square feet, spread across various configurations to suit different business requirements. The property is located at 5310 N Leavitt Rd, Lorain, OH 44053, in Lorain County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $425,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $440,000
      Mixed-Use
      $510,000
      Hospitality
      $380,000
      Educational
      $490,000
      Residential Income
      $415,000
      Energy
      $410,000
      Income-Based Land
      $425,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2101
    Latitude
    41.4202
    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
    $34,828
    $171,402
    $399,560
    $570,962
    -
    $489,720
    $1,141,600
    $1,631,320

    Comparable in this City

    • Value Estimation
      $180,000
      1,860 SF

      6210 Broadway

      GAS STATION • 1,860 SF
      6210 Broadway, Lorain, OH 44053-3945
      View Details
    • Value Estimation
      $280,000
      1,980 SF

      43520 Middle Rdg Rd

      GAS STATION • 1,980 SF
      43520 Middle Rdg Rd, Lorain, OH 44053-3902
      View Details
    • Value Estimation by Request
      2,160 SF

      3217 Oberlin Ave

      GAS STATION • 2,160 SF
      3217 Oberlin Ave, Lorain, OH 44053-2751
      View Details
    • Value Estimation by Request
      1,296 SF

      4935 Erie Ave

      GAS STATION • 1,296 SF
      4935 Erie Ave, Lorain, OH 44053-1333
      View Details
    • Value Estimation
      $270,000
      1,305 SF

      6432 Broadway

      GAS STATION • 1,305 SF
      6432 Broadway, Lorain, OH 44053-3954
      View Details
    • Value Estimation by Request
      0.16 Acres

      4745 Oberlin Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.16 Acres
      4745 Oberlin Ave, Lorain, OH 44053-3425
      View Details

    Similar Nearby for Sale

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      Prime retail opportunity in Lorain, Ohio with high visibility.
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      Retail Property in Lorain, OH

      Retail property available for sale in Lorain, Ohio.
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      Lorain Retail Property For Sale

      Retail property available for purchase in Lorain, Ohio.
      4330 N Leavitt Rd, Lorain, OH 44053
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    • $799,900
      6.00 Acres

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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail Space Near I-90

      Retail space available near I-90 with flexible layout.
      1980-2000 Cooper Foster Park Rd, Lorain, OH 44053
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      2,400 SF

      Retail End-Cap on Oak Point

      2,400 SF end-cap in Lorain, OH near Route 2.
      8000 Oak Point Rd, Lorain, OH 44053
      View Details
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      Lorain Meijer Outparcel Land

      Prime retail land, build-to-suit options.
      3100 Cooper Foster Park Rd, Lorain, OH 44053
      View Details
    • Contact for pricing
      13,103 SF

      Lorain Retail Spaces Available

      Prime Lorain location, multiple retail spaces.
      4805 Leavitt Rd, Lorain, OH 44053
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    • Contact for pricing

      Retail Anchor Space Available

      Anchor and junior anchor spaces available in Lorain, Ohio.
      2418-2630 West 21St St, Lorain, OH 44053
      View Details
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      Retail Space in Grocery Anchored Center

      Retail spaces available in high-traffic, grocery-anchored shopping center.
      3221-3311 Oberlin Ave, Lorain, OH 44053
      View Details
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    5310 Leavitt Rd
    Lorain, OH 44053
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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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