5577 MonroeSylvania, OH 43560

  • Strip malls
  • 36,309 SF
Off market
$17,532,900 Estimated

Property Details for 5577 Monroe

Year built
1984
Lot size
1.75 AC
Property size (Sq ft)
36,309 SF
Zone code
31-B2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
82-05171
APU
8205171

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,053,650
    6.5%
    $6,511,060
    7%
    $6,045,980
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,532,200
    Geo Method
    $3,532,200
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $12,632,500
    Mixed-Use / Specialty
    $6,514,000
    Hospitality / Lodging
    $4,813,160
    Office
    $6,502,540
    Institutional / Educational
    $6,781,280
    Residential Income
    $7,934,100
    Multifamily
    $9,370,740
    Automotive / Energy
    $5,812,530
    Parking / Income-Based Land
    $1,979,990
    Restaurant / Food Service
    $3,443,800
    Healthcare / Senior Housing
    $6,653,160

Location Insight

City
Sylvania
County
Lucas
State
Ohio
Latitude
41.7071
Longitude
-83.6699
CBSA code
45780
CBSA name
TOLEDO, 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
$76,583
$45,815
$733,915
$779,730
-
$130,900
$2,096,900
$2,227,800

FAQs

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