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    Property profile & analytics

    720 Broadway, Unit 204 Lorain, OH 44052-1860

    • Investment properties
    • 3,350 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Jan 22, 2021
    Location Intelligence
    Property ID
    US66-1976003
    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

    • Kingdom of Everlasting Life / Church
    • INKspired Studios / Tattoo Shop
    • INKpired Studios / Tattoo Shop
    • Designer Original Ministries / Non-Profit Organization

    Property Details for 720 Broadway

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    3,350 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-01-004-107-020
    APU
    201004107020

    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
    -82.1746
    Latitude
    41.4645
    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
    $1,942
    $4,270
    $18,323
    $22,593
    -
    $12,200
    $52,350
    $64,550

    Comparable in this City

    • Value Estimation by Request
      5,075 SF

      538 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 5,075 SF
      538 Broadway, Lorain, OH 44052-1732
      View Details
    • Value Estimation
      $180,000
      5,400 SF

      1340 Leavitt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,400 SF
      1340 Leavitt Rd, Lorain, OH 44052-4008
      View Details
    • Value Estimation
      $200,000
      2,200 SF

      725 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      725 Broadway, Lorain, OH 44052-1805
      View Details
    • Value Estimation
      $285,000
      1,905 SF

      914 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,905 SF
      914 Broadway, Lorain, OH 44052-1950
      View Details
    • Value Estimation by Request
      3,350 SF

      734 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,350 SF
      734 Broadway, Lorain, OH 44052-1806
      View Details
    • Value Estimation
      $190,000
      1,560 SF

      2637 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      2637 Broadway, Lorain, OH 44052-4833
      View Details

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      Retail spaces available in high-traffic, grocery-anchored shopping center.
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    Lorain, OH 44052-1860
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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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