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    Property profile & analytics

    8061 Columbia Rd Olmsted Falls, OH 44138-2021

    • Retail space
    • 738 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 11, 2022
    $115,000
    Location Intelligence
    Property ID
    US66-1569225
    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 8061 Columbia Rd

    Year built
    1930
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.45 lot acres
    Property size
    738 SF
    Zone code
    C-3
    Property type
    Retail space
    APN
    281-23-006
    APU
    28123006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olmsted Falls
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9011
    Latitude
    41.3748
    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
    $11,659
    $69,340
    $60,970
    $130,310
    -
    $198,100
    $174,200
    $372,300

    Comparable in this City

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    • Value Estimation
      $440,000
      2,832 SF

      8051 Brookside Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,832 SF
      8051 Brookside Dr, Olmsted Falls, OH 44138-1945
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    • Value Estimation by Request
      2,560 SF

      8501 Stearns Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      8501 Stearns Rd, Olmsted Twp, OH 44138-1738
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    • Value Estimation by Request
      11,426 SF

      27089 Bagley Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,426 SF
      27089 Bagley Rd, Olmsted Twp, OH 44138-1103
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    • Value Estimation
      $335,000
      1,335 SF

      27153 Bagley Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,335 SF
      27153 Bagley Rd, Olmsted Twp, OH 44138-1061
      View Details
    • Value Estimation
      $265,000
      3,980 SF

      9664 Columbia Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,980 SF
      9664 Columbia Rd, Olmsted Falls, OH 44138-2713
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      83,140 SF

      Mill River Plaza Retail Space

      High-traffic retail space, Cuyahoga County.
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      Olmsted Falls Commercial Land

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      150,226 SF

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    8061 Columbia Rd
    Olmsted Falls, OH 44138-2021
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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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