5021 Som CtrWilloughby, OH 44094

  • Drive through restaurants
  • 3,372 SF
Off market
$15,549,150 Estimated

Property Details for 5021 Som Ctr

Year built
1981
Construction
WOOD
Lot size
1.55 AC
Property size (Sq ft)
3,372 SF
Zone code
G-B
Property type
Drive through restaurants
APN
27-A-012-0-00-014-0
APU
27A0120000140

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $749,299
    6.5%
    $691,660
    7%
    $642,256
  • Comparable approach

    Method
    Valuation
    Relative Method
    $328,034
    Geo Method
    $328,034
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,410,170
    Mixed-Use / Specialty
    $664,396
    Hospitality / Lodging
    $455,160
    Office
    $634,620
    Institutional / Educational
    $681,842
    Residential Income
    $797,755
    Multifamily
    $1,094,260
    Automotive / Energy
    $584,436
    Parking / Income-Based Land
    $226,182
    Restaurant / Food Service
    $292,634
    Healthcare / Senior Housing
    $706,756

Location Insight

City
Willoughby
County
Lake
State
Ohio
Latitude
41.624
Longitude
-81.4395
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
$19,455
$120,430
$118,130
$238,560
-
$344,080
$337,520
$681,600

FAQs

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