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    Property profile & analytics

    5411 Leavitt Rd Lorain, OH 44053-2155

    • Retail space
    • 14,392 SF
    • 5.46 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Location Intelligence
    Property ID
    US66-2243180
    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

    • Kristopher Alicea / Pharmacy
    • Walgreens / Drug Store / Greeting Card Shop
    • Coinhub Bitcoin ATM Teller / Atm
    • Huntington Bank ATM / Atm
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy

    Property Details for 5411 Leavitt Rd

    Year built
    2002
    Lot size
    5.46 lot acres
    Property size
    14,392 SF
    Property type
    Retail space
    APN
    02-02-003-103-030
    APU
    202003103030

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2079
    Latitude
    41.4195
    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
    $45,901
    $128,590
    $623,900
    $752,490
    -
    $367,400
    $1,782,570
    $2,149,970

    Comparable in this City

    • Value Estimation by Request
      2,120 SF

      1220 Cooper Foster Park W Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,120 SF
      1220 Cooper Foster Park W Rd, Lorain, OH 44053-3613
      View Details
    • Value Estimation by Request
      1,066 SF

      5361 Oberlin Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,066 SF
      5361 Oberlin Ave, Lorain, OH 44053-3437
      View Details
    • Value Estimation
      $265,000
      4,000 SF

      2515 21st St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      2515 21st St, Lorain, OH 44053-1103
      View Details
    • Value Estimation
      $285,000
      1,872 SF

      3352 Oberlin Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,872 SF
      3352 Oberlin Ave, Lorain, OH 44053-2754
      View Details
    • Value Estimation
      $285,000
      4,275 SF

      3340 Oberlin Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,275 SF
      3340 Oberlin Ave, Lorain, OH 44053-2754
      View Details
    • Value Estimation
      $280,000
      2,204 SF

      3300 Oberlin Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,204 SF
      3300 Oberlin Ave, Lorain, OH 44053-2754
      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 available for sale in Lorain, Ohio.
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    • $1,882,000

      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with annual rent increases.
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    • Contact for pricing
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      Commercial Building Auction Opportunity

      Six-unit commercial building in Lorain, OH, for sale at auction.
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      Lorain Retail Property For Sale

      Retail property available for purchase in Lorain, Ohio.
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    Similar Nearby for Lease

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      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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      Retail spaces available in high-traffic, grocery-anchored shopping center.
      3221-3311 Oberlin Ave, Lorain, OH 44053
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    • Contact for pricing
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      Retail End-Cap on Oak Point

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

      Prime retail land, build-to-suit options.
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      Retail Space Available For Rent

      Retail space available for rent, 4500 square feet.
      4501 North Leavitt Rd, Lorain, OH 44053
      View Details
    • $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

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      4.0k
    • Avg Time on site
      13 min
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    5411 Leavitt Rd
    Lorain, OH 44053-2155
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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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