2730 Som CtrWilloughby Hills, OH 44094

  • Retail space
  • 49,772 SF
Off market

Property Details for 2730 Som Ctr

Year built
1969
Lot size
9.60 AC
Property size (Sq ft)
49,772 SF
Zone code
B
Property type
Retail space
APN
31-A-006-B-00-020-0
APU
31A006B000200

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $13,162,349
    6.5%
    $12,149,860
    7%
    $11,282,013
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,732,296
    Geo Method
    $11,732,296
  • Alternative Use

    Use
    Valuation
    Residential
    $10,248,862
    Hospitality
    $9,387,902
    Educational
    $7,810,624
    Medical
    $8,079,244
    Retail
    $12,149,860

Location Insight

City
Willoughby Hills
County
Lake
State
Ohio
Latitude
41.5883
Longitude
-81.4407
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
$77,866
$399,460
$577,690
$977,150
-
$1,141,310
$1,650,540
$2,791,850

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