12623 DrakeNorth Royalton, OH 44133

Off market
  • Parking lots & garages
  • 6.36 AC

Property Details for 12623 Drake

Lot size
6.36 AC
Zone code
RRZ
Property type
Parking lots & garages
APN
484-12-010
APU
48412010

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $77,335,576
    6.5%
    $71,386,688
    7%
    $66,287,636
  • Comparable approach

    Method
    Valuation
    Relative Method
    $65,304,328
    Geo Method
    $65,304,328
  • Alternative Use

    Use
    Valuation
    Residential
    $60,217,340
    Hospitality
    $55,158,760
    Educational
    $45,891,440
    Medical
    $47,469,716
    Retail
    $71,386,688
12623 Drake, North Royalton, Ohio

Location Insight

City
North Royalton
County
Cuyahoga
State
Ohio
Latitude
41.2895
Longitude
-81.7817
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
$875
$11,200
$2,420
$13,620
-
$32,000
$6,900
$38,900

FAQs

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