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    Property profile & analytics

    747 Reid Ave Lorain, OH 44052-1836

    • Medical offices
    • 1,200 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 21, 2021
    $25,000
    Location Intelligence
    Property ID
    US66-2256747
    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

    • Early birds Customs / Clothing Store

    Property Details for 747 Reid Ave

    Year built
    1920
    Lot size
    0.05 lot acres
    Property size
    1,200 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    02-01-004-107-009
    APU
    201004107009

    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
    -82.1756
    Latitude
    41.4636
    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
    $1,073
    $3,234
    $10,423
    $13,657
    -
    $9,240
    $29,780
    $39,020

    Comparable in this City

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    • Value Estimation
      $300,000
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      546 Erie Ave

      MEDICAL BUILDING • 3,067 SF
      546 Erie Ave, Lorain, OH 44052-2033
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    • Value Estimation by Request
      2,463 SF

      1930 Reid Ave

      MEDICAL BUILDING • 2,463 SF
      1930 Reid Ave, Lorain, OH 44052-3771
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    • Value Estimation
      $80,000
      1,372 SF

      1136 37th St

      MEDICAL BUILDING • 1,372 SF
      1136 37th St, Lorain, OH 44052-5115
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    • Value Estimation
      $70,000
      5,253 SF

      209 21st St

      MEDICAL BUILDING • 5,253 SF
      209 21st St, Lorain, OH 44052-4709
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    • Value Estimation by Request
      2,054 SF

      305 20th St

      MEDICAL BUILDING • 2,054 SF
      305 20th St, Lorain, OH 44052-3726
      View Details

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      0.34 Acres

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    747 Reid Ave
    Lorain, OH 44052-1836
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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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