4040 ElyriaLorain, OH 44055

  • Retail properties
  • 9,369 SF
Off market
$71,365 Estimated

Property Details for 4040 Elyria

Year built
1945
Lot size
0.41 AC
Property size (Sq ft)
9,369 SF
Property type
Retail properties
Property subtype
Retail space
APN
03-00-103-118-040
APU
300103118040

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,477,659
    6.5%
    $2,287,070
    7%
    $2,123,708
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,208,468
    Geo Method
    $2,208,468
  • Alternative Use

    Use
    Valuation
    Residential
    $1,929,229
    Hospitality
    $1,767,163
    Educational
    $1,470,259
    Medical
    $1,520,824
    Retail
    $2,287,070
4040 Elyria, Lorain, Ohio

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4321
Longitude
-82.1602
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $47,257
  • Assessed land value
    $11,722
  • Assessed value
    $58,979
  • Tax year
    2023
  • Tax bill
    $3,960

FAQs

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