12212 MadisonLakewood, OH 44107

  • Strip malls
  • 12,550 SF
Off market
$8,215,370 Estimated

Property Details for 12212 Madison

Year built
1996
Construction
TYPE NOT SPECIFIED
Lot size
0.82 AC
Property size (Sq ft)
12,550 SF
Zone code
C2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
315-12-025
APU
31512025

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,318,884
    6.5%
    $3,063,585
    7%
    $2,844,758
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,958,296
    Geo Method
    $2,958,296
  • Alternative Use

    Use
    Valuation
    Residential
    $2,584,248
    Hospitality
    $2,367,158
    Educational
    $1,969,448
    Medical
    $2,037,180
    Retail
    $3,063,585

Location Insight

City
Lakewood
County
Cuyahoga
State
Ohio
Latitude
41.4773
Longitude
-81.7747
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
$46,439
$62,510
$364,420
$426,930
-
$178,600
$1,041,200
$1,219,800

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