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    Property profile & analytics

    6916 Lk Ave Elyria, OH 44035-2420

    • Retail space
    • 1,982 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Nov 04, 2021
    $139,000
    Location Intelligence
    Property ID
    US66-1229242
    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

    • Retail space

    Property Details for 6916 Lk Ave

    Year built
    1961
    Lot size
    0.70 lot acres
    Property size
    1,982 SF
    Property type
    Retail space
    APN
    06-24-038-102-033
    APU
    624038102033

    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
    -82.132
    Latitude
    41.3999
    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
    $4,118
    $21,406
    $27,843
    $49,249
    -
    $61,160
    $79,550
    $140,710

    Comparable in this City

    • Value Estimation by Request
      7,252 SF

      321 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 7,252 SF
      321 Broad St, Elyria, OH 44035-5503
      View Details
    • Value Estimation by Request
      7,997 SF

      144 Reaser Ct

      RETAIL STORES (PERSONAL SERVICES) • 7,997 SF
      144 Reaser Ct, Elyria, OH 44035-6285
      View Details
    • Value Estimation
      $125,000
      1,472 SF

      419 Middle Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,472 SF
      419 Middle Ave, Elyria, OH 44035-5731
      View Details
    • Value Estimation by Request
      2,496 SF

      42163 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      42163 Rdg Rd, Elyria, OH 44035-1128
      View Details
    • Value Estimation by Request
      4,800 SF

      120 Antioch Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      120 Antioch Dr, Elyria, OH 44035-1543
      View Details
    • Value Estimation by Request
      2,220 SF

      505 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      505 Broad St, Elyria, OH 44035-5507
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property in High-Traffic Location

      Mixed-use property with retail/office space and residential apartment.
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      Retail Space in Dense Area

      Retail property in a high-traffic location with national tenants.
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    Similar Nearby for Lease

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      Retail space with high visibility and multiple anchor tenants.
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      Retail space with high visibility near major retailers.
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      25,954 SF

      Elyria Retail Space For Lease

      25,594 SF retail space in dominant shopping center.
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    • $1,895 /Mo
      8,712 SF

      Retail/Office Space in High-Traffic Area

      Versatile commercial space with showroom, offices, and convenient location.
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    • $22 SF/Yr
      1,465 SF

      Retail Space in Elyria Plaza

      Retail space available within a 45,743 sq ft plaza.
      342 Chestnut Commons Dr, Elyria, OH 44035
      View Details
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    6916 Lk Ave
    Elyria, OH 44035-2420
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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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