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    Property profile & analytics

    5311 Leavitt Rd Lorain, OH 44053-2100

    • Office buildings
    • 3,936 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US66-2209326
    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

    • Precision Orthodontics / Dentist
    • AutOhio Insurance / Insurance Broker / Insurance Company
    • Craig Kinsley Insurance / Insurance Broker / Auto Insurance Agency
    • Gentile Real Estate LLC / Real Estate Agency
    • Nicholas Sanfilippo, Realtor / Real Estate Agent

    Property Details for 5311 Leavitt Rd

    Year built
    1993
    Lot size
    0.85 lot acres
    Property size
    3,936 SF
    Property type
    Office buildings
    APN
    02-02-003-103-006
    APU
    202003103006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $430,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $355,000
      Mixed-Use
      $375,000
      Hospitality
      $400,000
      Educational
      $405,000
      Residential Income
      $400,000
      Energy
      $405,000
      Income-Based Land
      $460,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2082
    Latitude
    41.4203
    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
    $7,085
    $14,823
    $101,325
    $116,148
    -
    $42,350
    $289,500
    $331,850

    Comparable in this City

    • Value Estimation by Request
      5,700 SF

      6301 Erie Ave

      OFFICE BUILDING • 5,700 SF
      6301 Erie Ave, Lorain, OH 44053-2036
      View Details
    • Value Estimation
      $375,000
      4,641 SF

      4751 Oberlin Ave, Unit 7

      OFFICE BUILDING • 4,641 SF
      4751 Oberlin Ave, Lorain, OH 44053-3401
      View Details
    • Value Estimation
      $195,000
      960 SF

      4365 Oberlin Ave

      OFFICE BUILDING • 960 SF
      4365 Oberlin Ave, Lorain, OH 44053-2926
      View Details
    • Value Estimation
      $310,000
      2,560 SF

      5315 Oberlin Ave

      OFFICE BUILDING • 2,560 SF
      5315 Oberlin Ave, Lorain, OH 44053-3477
      View Details
    • Value Estimation by Request
      13,198 SF

      6150 Park Sq Dr Ste A

      OFFICE BUILDING • 13,198 SF
      6150 Park Sq Dr Ste A, Lorain, OH 44053-4153
      View Details
    • Value Estimation by Request
      2,660 SF

      4950 Oberlin Ave

      OFFICE BUILDING • 2,660 SF
      4950 Oberlin Ave, Lorain, OH 44053-3450
      View Details

    Similar Nearby for Sale

    • $475,000
      0.48 Acres

      Lorain Office Building For Sale

      Office building in Lorain, previously used as a doctor's office.
      1670 Cooper Foster Park Rd W, Lorain, OH 44053
      View Details
    • $98,900
      0.20 Acres

      Freestanding Building with Office Spaces

      Freestanding building with two office spaces and parking lot.
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      Office Space Near Emerging Interchange

      Office space for sale near Target, Lowe’s, and Cleveland Clinic.
      6145 Park Square Dr, Lorain, OH 44053
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      2,150 SF

      Office Space For Sale

      Office space for sale in Lorain, Ohio.
      6155 Park Square Dr, Lorain, OH 44053
      View Details
    • Contact for pricing
      7,466 SF

      Lorain Mixed-Use Investment Opportunity

      High-yield multifamily, office, & warehouse.
      4645 Oberlin Ave, Lorain, OH 44053
      View Details
    • $500,000
      0.48 Acres

      Lorain Office Building - Great Potential

      Four-unit office building, prime location, $500,000
      1670 Cooper Foster Park Rd, Lorain, OH 44053
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      8,712 SF

      Commercial Building in Lorain, OH

      Freestanding building with high visibility and flexible interior layout.
      5363 Oberlin Ave, 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
      View Details
    • Contact for pricing
      7,907 SF

      Oak Point Medical Condos For Sale/Lease

      Medical Office Suites, Lorain County, OH
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      View Details
    • 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
      View Details
    • $3,750,000
      81,640 SF

      Lorain Industrial Redevelopment Opportunity

      81,640 SF industrial building on 38.3 acres for lease.
      7451 Terminal Dr, Lorain, OH 44053
      View Details
    • Contact for pricing
      6,000 SF

      Lorain Meijer Outparcel Land

      Prime retail land, build-to-suit options.
      3100 Cooper Foster Park Rd, Lorain, OH 44053
      View Details
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    Lorain, OH 44053-2100
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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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