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    Property profile & analytics

    6061 Broadway Lorain, OH 44053-3818

    • Office buildings
    • 6,824 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US66-1692824
    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

    • Michael D. Tully Co., L.P.A. / Attorney / Estate Planning Attorney
    • David P. Miraldi / Personal Injury Attorney / Employment Attorney
    • Miraldi & Barrett Co., LPA / Personal Injury Attorney / Employment Attorney

    Property Details for 6061 Broadway

    Year built
    1985
    Lot size
    0.68 lot acres
    Property size
    6,824 SF
    Property type
    Office buildings
    APN
    06-21-001-101-051
    APU
    621001101051

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $430,000
      Mixed-Use
      $475,000
      Hospitality
      $545,000
      Educational
      $525,000
      Residential Income
      $510,000
      Energy
      $420,000
      Income-Based Land
      $465,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1625
    Latitude
    41.4173
    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
    $12,809
    $41,468
    $129,234
    $170,702
    -
    $118,480
    $369,240
    $487,720

    Comparable in this City

    • Value Estimation by Request
      2,660 SF

      4950 Oberlin Ave

      OFFICE BUILDING • 2,660 SF
      4950 Oberlin Ave, Lorain, OH 44053-3450
      View Details
    • Value Estimation
      $315,000
      1,664 SF

      150 Cooper Foster Park W Rd

      OFFICE BUILDING • 1,664 SF
      150 Cooper Foster Park W Rd, Lorain, OH 44053
      View Details
    • Value Estimation by Request
      5,503 SF

      6401 Broadway

      OFFICE BUILDING • 5,503 SF
      6401 Broadway, Lorain, OH 44053-3955
      View Details
    • Value Estimation
      $85,000
      2,200 SF

      3644 Oberlin Ave

      OFFICE BUILDING • 2,200 SF
      3644 Oberlin Ave, Lorain, OH 44053-2760
      View Details
    • Value Estimation
      $190,000
      1,448 SF

      3380 Oberlin Ave

      OFFICE BUILDING • 1,448 SF
      3380 Oberlin Ave, Lorain, OH 44053-2754
      View Details
    • Value Estimation
      $270,000
      4,032 SF

      1670 Cooper Foster Park Rd W Ste A

      OFFICE BUILDING • 4,032 SF
      1670 Cooper Foster Park Rd W Ste A, Lorain, OH 44053-3658
      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.
      5363 Oberlin Ave, Lorain, OH 44053
      View Details
    • Contact for pricing
      3,244 SF

      Office Space Near Emerging Interchange

      Office space for sale near Target, Lowe’s, and Cleveland Clinic.
      6145 Park Square Dr, Lorain, OH 44053
      View Details
    • Contact for pricing
      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
      7,907 SF

      Oak Point Medical Condos For Sale/Lease

      Medical Office Suites, Lorain County, OH
      0 Park Square Dr, 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
      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
      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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    6061 Broadway
    Lorain, OH 44053-3818
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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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