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Property profile & analytics

5363 Oberlin Ave Lorain, OH 44053

  • Retail space
  • 624 SF
  • 0.20 lot acres
Value Estimations
Cap Rate Potential
2.5%
Retail space
Location Intelligence
Property ID
US66-0721781
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

  • John Hoover / Financial Institution

Property Details for 5363 Oberlin Ave

Year built
1950
Construction
FRAME
Lot size
0.20 lot acres
Property size
624 SF
Property type
Retail space
APN
02-01-008-101-248
APU
201008101248

Description

This exceptional freestanding office building in Lorain, Ohio presents a fantastic investment opportunity. Situated on a 0.2-acre lot at 5363 Oberlin Avenue, the property boasts a highly desirable location with easy access to major highways. The main floor features two well-sized office spaces (11 x 10.5 ft and 11 x 14 ft), a spacious open-plan foyer (20 x 11.5 ft) ideal for a reception area, waiting room, or additional office space, a convenient storage room, and a private restroom. The lower level provides further office space and ample storage. The property includes a significant advantage with a private on-site parking lot accommodating 12 vehicles, plus an additional shed for extra storage. The building's exterior is meticulously maintained, featuring professional landscaping, exterior lighting, and a prominent front post sign ready for your company branding. The property is zoned for commercial activity, making it suitable for a variety of businesses. This turnkey property offers immediate occupancy and the chance to establish a thriving business in a growing area. Don't miss this chance to own your own space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $250,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lorain
County
Lorain
State
Ohio
Longitude
-82.1852
Latitude
41.4194
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
$1,826
$12,198
$11,043
$23,241
-
$34,850
$31,550
$66,400
More about this property
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