5319 Mdw Ln CtSheffield, OH 44035

Property Details for 5319 Mdw Ln Ct

Year built

1997

Lot size

0.05 AC

Property size (Sq ft)

2,409 SF

Property type

Office properties

APN

03-00-001-704-001

APU

300001704001

Description

This 2,409 square foot office condo, built in 1998 (estimated), is ideally situated in a prime Lorain County location, sharing a Sheffield Village/Elyria mailing address. Currently configured as a medical/doctor's office, this property presents a fantastic investment opportunity. The asking price is $325,000. The property sits on a 0.06-acre lot and is conveniently located minutes from I-90/254, offering easy access to Elyria, Avon, and Sheffield, as well as Lorain County Community College. The building's exterior, lawn care, snow removal, and parking lot maintenance are all covered by a $777 monthly association fee (through Continental Mgmt), which also includes trash removal. The current tenant lease expires October 31, 2024

• CAP approach

  CAP return

  Valuation

  6%

  $433,379

  6.5%

  $400,042

  7%

  $371,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $225,338

  Geo Method

  $225,338

• Alternative Use

  Use

  Valuation

  Residential

  $496,052

  Hospitality

  $454,381

  Educational

  $378,040

  Medical

  $391,041

  Retail

  $588,062

Location Insight

City

Sheffield Village

County

Lorain

State

Ohio

Latitude

41.4214

Longitude

-82.0734

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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