Realmo Analytics

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Property profile

6061 S Broadway Lorain, OH 44053

FOR LEASE
Office buildings
Property ID
US66-1692824
6,824 SF 0.68 ac lot Built 1985
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$171k
Assessed land$41k
Assessed improvement$129k
Effective rate7.50%

Value estimate

· Oct 2026
$340k
$306k – $374k
Submarket $/SF estimate$674k
NOI build-up
Gross scheduled income$104k
Vacancy & credit loss−$16k
Operating expenses−$22k
NOI · 1,019.32% cap applied$66k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$86/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$47 – $105
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,019.32%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Restaurant13.7
Law Firm13.3

Location

6061 S Broadway Lorain, OH 44053
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4955 Oberlin, Lorain, OH 44053-3429 $200,000 Jun 2025 3,060 SF
6150 Park Sq Dr Ste, Lorain, OH 44053-4153 $1,340,000 Apr 2024 13,198 SF
1065 Rdg W, Lorain, OH 44053-3761 $140,000 Dec 2023 2,200 SF
2500 Erie, Lorain, OH 44053-1056 $400,000 Jul 2023 6,668 SF
5730 Baumhart, Lorain, OH 44053-2007 $169,900 Aug 2022 2,576 SF
3644 Oberlin, Lorain, OH 44053-2760 $115,000 Apr 2021 2,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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