4166 State Rte 306Willoughby, OH 44094

  • Hospitality properties
  • 15,264 SF
Off market
$22,642,580 Estimated

Property Details for 4166 State Rte 306

Year built
1980
Lot size
2.26 AC
Property size (Sq ft)
15,264 SF
Property type
Hospitality properties
Property subtype
Hotels
APN
21-A-022-0-00-032-0
APU
21A0220000320

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,118,990
    6.5%
    $2,879,068
    7%
    $2,673,420
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,355,317
    Geo Method
    $3,355,317
  • Alternative Use

    Use
    Valuation
    Residential
    $3,143,105
    Hospitality
    $2,879,068
    Educational
    $2,395,350
    Medical
    $2,477,730
    Retail
    $3,726,100
4166 State Rte 306, Willoughby, Ohio

Location Insight

City
Willoughby
County
Lake
State
Ohio
Latitude
41.6386
Longitude
-81.3744
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
$37,848
$223,970
$340,240
$564,210
-
$639,900
$972,120
$1,612,020

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