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    Property profile & analytics

    621 Midway Blvd Elyria, OH 44035-2443

    • Motels
    • 51,964 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimation
    $1,170,000
    Location Intelligence
    Property ID
    US66-2278526
    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

    • Red Roof Inn & Suites Cleveland - Elyria / Hotel / Extended Stay Hotel

    Property Details for 621 Midway Blvd

    Year built
    1982
    Lot size
    1.41 lot acres
    Property size
    51,964 SF
    Property type
    Motels
    APN
    06-24-032-104-043
    APU
    624032104043

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1178
    Latitude
    41.3989
    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
    $59,104
    $86,100
    $726,866
    $812,966
    -
    $246,000
    $2,076,760
    $2,322,760

    Comparable in this City

    • Value Estimation
      $600,000
      19,011 SF

      1825 Lorain Blvd

      MOTEL • 19,011 SF
      1825 Lorain Blvd, Elyria, OH 44035-2406
      View Details
    • Value Estimation
      $800,000
      28,710 SF

      645 Griswold Rd

      MOTEL • 28,710 SF
      645 Griswold Rd, Elyria, OH 44035-2394
      View Details
    • Value Estimation
      $1,255,000
      29,442 SF

      636 Griswold Rd

      MOTEL • 29,442 SF
      636 Griswold Rd, Elyria, OH 44035-2392
      View Details
    • Value Estimation by Request
      4,984 SF

      888 Lorain Blvd

      MOTEL • 4,984 SF
      888 Lorain Blvd, Elyria, OH 44035-2871
      View Details
    • Value Estimation
      $665,000
      31,388 SF

      739 Leona St

      MOTEL • 31,388 SF
      739 Leona St, Elyria, OH 44035-2350
      View Details
    • Value Estimation
      $725,000
      30,739 SF

      1755 Travelers Ln

      MOTEL • 30,739 SF
      1755 Travelers Ln, Elyria, OH 44035-2894
      View Details

    Similar Nearby for Sale

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      Prime Retail Space w/ Apartment & Garage
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      Well-maintained, six-unit apartment complex.
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      Spacious industrial building with office space. Excellent parking and storage.
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      Professional Office Condo For Sale

      2400 sq ft office condo in prime Lorain County location.
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    Similar Nearby for Lease

    • Contact for pricing
      21,780 SF

      Elyria Retail Outlot & Building

      High-traffic location, co-tenancy with Rural King
      430 Oberlin Rd, Elyria, OH 44035
      View Details
    • $1,000 /Mo
      36,155 SF

      Retail Space in Elyria Plaza

      Well-kept retail space in a high-traffic shopping plaza.
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      View Details
    • Contact for pricing
      157,580 SF

      Retail Space Midway Mall, Elyria

      Retail space available in Midway Mall, Elyria, Ohio.
      4000 Midway Mall, Elyria, OH 44035
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    • Contact for pricing
      201,019 SF

      Prime Retail Location in Elyria

      High-visibility retail space near major retailers and highways.
      4900 Midway Mall, Elyria, OH 44035
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    • Contact for pricing
      7,000 SF

      Retail Space Near Midway Mall

      Retail space across from Midway Mall, near I-80 and I-90.
      201-285 Midway Blvd, Elyria, OH 44035
      View Details
    • Contact for pricing
      3,736 SF

      Stand Alone Bank Building

      Well-kept building suitable for office or medical use.
      361 Midway Blvd, Elyria, OH 44035
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      562
    • Avg Time on site
      492 min
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    621 Midway Blvd
    Elyria, OH 44035-2443
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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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