203 ReedSpencer, OH 44275

  • Manufacturing properties
  • 6,912 SF
Off market
$18,935,440 Estimated

Property Details for 203 Reed

Year built
1966
Construction
TYPE NOT SPECIFIED
Lot size
1.89 AC
Property size (Sq ft)
6,912 SF
Property type
Manufacturing properties
APN
037-27A-07-003
APU
03727A07003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,020,340
    6.5%
    $2,788,000
    7%
    $2,588,860
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,034,480
    Geo Method
    $1,034,480
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $1,412,210
    Mixed-Use / Specialty
    $1,393,420
    Hospitality / Lodging
    $1,004,390
    Office
    $1,370,810
    Institutional / Educational
    $1,443,680
    Residential Income
    $1,689,100
    Multifamily
    $2,102,100
    Automotive / Energy
    $1,237,440
    Parking / Income-Based Land
    $440,618
    Restaurant / Food Service
    $695,363
    Healthcare / Senior Housing
    $1,443,040

Location Insight

City
Spencer
County
Medina
State
Ohio
Latitude
41.0931
Longitude
-82.1258
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
$3,151
$16,370
$37,560
$53,930
-
$46,780
$107,300
$154,080

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