5875 LongacreChippewa Lake, OH 44215

  • Retail properties
  • 5,215 SF
Off market
$10,379,440 Estimated

Property Details for 5875 Longacre

Year built
1890
Construction
WOOD
Lot size
1.04 AC
Property size (Sq ft)
5,215 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
020-10D-45-098
APU
02010D45098

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,457,907
    6.5%
    $1,345,761
    7%
    $1,249,635
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,229,284
    Geo Method
    $1,229,284
  • Alternative Use

    Use
    Valuation
    Residential
    $1,135,200
    Hospitality
    $1,039,837
    Educational
    $865,132
    Medical
    $894,885
    Retail
    $1,345,761
5875 Longacre, Chippewa Lake, Ohio

Location Insight

City
Chippewa Lake
County
Medina
State
Ohio
Latitude
41.0702
Longitude
-81.9009
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
$3,330
$19,040
$51,880
$70,920
-
$54,400
$148,240
$202,640

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