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    Property profile & analytics

    5980 Oberlin Ave Lorain, OH 44053-3449

    • Parking lots & garages
    • 1,218 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 08, 2024
    Location Intelligence
    Property ID
    US66-1678214
    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

    • Molnar Express Auto / Car Dealer

    Property Details for 5980 Oberlin Ave

    Year built
    1969
    Lot size
    0.40 lot acres
    Property size
    1,218 SF
    Property type
    Parking lots & garages
    APN
    02-02-005-114-027
    APU
    202005114027

    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
    -82.1862
    Latitude
    41.4185
    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
    $1,759
    $21,343
    $10,805
    $32,148
    -
    $60,980
    $30,870
    $91,850

    Comparable in this City

    • 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
    • Value Estimation
      $3,450,000
      6,118 SF

      4300 Leavitt Rd

      PARKING GARAGE, PARKING STRUCTURE • 6,118 SF
      4300 Leavitt Rd, Lorain, OH 44053-2370
      View Details
    • Value Estimation by Request
      1,124 SF

      5300 Oberlin Ave

      PARKING GARAGE, PARKING STRUCTURE • 1,124 SF
      5300 Oberlin Ave, Lorain, OH 44053-3438
      View Details
    • Value Estimation
      $80,000
      1,680 SF

      2403 21st St

      PARKING GARAGE, PARKING STRUCTURE • 1,680 SF
      2403 21st St, Lorain, OH 44053-1101
      View Details
    • Value Estimation by Request
      5,916 SF

      1817 Nantucket Dr

      PARKING GARAGE, PARKING STRUCTURE • 5,916 SF
      1817 Nantucket Dr, Lorain, OH 44053-3221
      View Details
    • Value Estimation
      $95,000
      0.13 Acres

      2402 Erie Ave, Unit 2406

      PARKING GARAGE, PARKING STRUCTURE • 0.13 Acres
      2402 Erie Ave, Lorain, OH 44053-1054
      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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    • Contact for pricing
      3,920 SF

      Commercial Building Auction Opportunity

      Six-unit commercial building in Lorain, OH, for sale at auction.
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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.
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      Lorain Retail Spaces Available

      Prime Lorain location, multiple retail spaces.
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      Lorain Meijer Outparcel Land

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

      Anchor and junior anchor spaces available in Lorain, Ohio.
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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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    Lorain, OH 44053-3449
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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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