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    Property profile & analytics

    7420 Oak Pt Rd Ste A Lorain, OH 44053-4155

    • Commercial land
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 14, 2022
    $319,000
    Location Intelligence
    Property ID
    US66-4344438
    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

    • Crumbl - Amherst / Cookie Shop / Bakery
    • Starbucks / Breakfast Restaurant / Cafe

    Property Details for 7420 Oak Pt Rd Ste A

    Lot size
    1.23 lot acres
    Property type
    Commercial land
    APN
    05-00-001-000-220
    APU
    500001000220

    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
    -82.2394
    Latitude
    41.414
    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
    $10,741
    $176,092
    $0.00
    $176,092
    -
    $503,120
    $0.00
    $503,120

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

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      4.89 Acres

      3840 Kolbe Rd

      VACANT COMMERCIAL LAND • 5,807 SF
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      1.02 Acres

      4207 Leavitt Rd

      VACANT COMMERCIAL LAND • 1.02 Acres
      4207 Leavitt Rd, Lorain, OH 44053-2342
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    • Value Estimation by Request
      0.32 Acres

      2800 Erie Ave

      VACANT COMMERCIAL LAND • 1,478 SF
      2800 Erie Ave, Lorain, OH 44053-1256
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    • Value Estimation by Request
      1.75 Acres

      3100 Cooper Foster Park W Rd

      VACANT COMMERCIAL LAND • 1.75 Acres
      3100 Cooper Foster Park W Rd, Lorain, OH 44053-3653
      View Details
    • Value Estimation by Request
      0.09 Acres

      1284 Lakeview Ave

      VACANT COMMERCIAL LAND • 0.09 Acres
      1284 Lakeview Ave, Lorain, OH 44053-1010
      View Details

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      0.24 Acres

      Residential Lot in Lorain, OH

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    Similar Nearby for Lease

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      2,400 SF end-cap in Lorain, OH near Route 2.
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      Lorain Retail Spaces Available

      Prime Lorain location, multiple retail spaces.
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      7,907 SF

      Oak Point Medical Condos For Sale/Lease

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      0 Park Square Dr, Lorain, OH 44053
      View Details

    Property Visit Statistics

    • Visits by month
      15.3k
    • Visitors by month
      10.6k
    • Avg Time on site
      10 min
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    7420 Oak Pt Rd Ste A
    Lorain, OH 44053-4155
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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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