1283 Som CtrMayfield Heights, OH 44124

  • Banks
  • 4,458 SF
Off market
$5,649,720 Estimated

Property Details for 1283 Som Ctr

Year built
2006
Construction
TYPE NOT SPECIFIED
Lot size
0.56 AC
Property size (Sq ft)
4,458 SF
Zone code
U-4A
Property type
Banks
APN
862-26-001
APU
86226001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $990,621
    6.5%
    $914,420
    7%
    $849,104
  • Comparable approach

    Method
    Valuation
    Relative Method
    $433,681
    Geo Method
    $433,681
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,864,340
    Mixed-Use / Specialty
    $878,375
    Hospitality / Lodging
    $601,751
    Office
    $839,009
    Institutional / Educational
    $901,438
    Residential Income
    $1,054,680
    Multifamily
    $1,446,680
    Automotive / Energy
    $772,662
    Parking / Income-Based Land
    $299,027
    Restaurant / Food Service
    $386,881
    Healthcare / Senior Housing
    $934,377

Location Insight

City
Mayfield Heights
County
Cuyahoga
State
Ohio
Latitude
41.5257
Longitude
-81.4382
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
$46,332
$180,570
$331,980
$512,550
-
$515,900
$948,500
$1,464,400

FAQs

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