5403 SchaafIndependence, OH 44131

  • Manufacturing properties
  • 2,600 SF
Off market
$25,808,530 Estimated

Property Details for 5403 Schaaf

Year built
1960
Lot size
2.58 AC
Property size (Sq ft)
2,600 SF
Zone code
U-6
Property type
Manufacturing properties
APN
561-01-003
APU
56101003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,177,930
    6.5%
    $1,087,320
    7%
    $1,009,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $389,126
    Geo Method
    $389,126
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $533,309
    Mixed-Use / Specialty
    $512,287
    Hospitality / Lodging
    $350,954
    Office
    $489,328
    Institutional / Educational
    $525,738
    Residential Income
    $615,113
    Multifamily
    $843,736
    Automotive / Energy
    $450,633
    Parking / Income-Based Land
    $174,399
    Restaurant / Food Service
    $225,637
    Healthcare / Senior Housing
    $544,948

Location Insight

City
Independence
County
Cuyahoga
State
Ohio
Latitude
41.4139
Longitude
-81.6544
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
$15,901
$63,110
$190,890
$254,000
-
$180,300
$545,400
$725,700

FAQs

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