5940 Oak PtLorain, OH 44053

Property Details for 5940 Oak Pt

Lot size

5.10 AC

Property size (Sq ft)

30,744 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

05-00-001-000-297

APU

500001000297

• CAP approach

  CAP return

  Valuation

  6%

  $5,530,843

  6.5%

  $5,105,394

  7%

  $4,740,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,875,794

  Geo Method

  $2,875,794

• Alternative Use

  Use

  Valuation

  Residential

  $6,330,688

  Hospitality

  $5,798,876

  Educational

  $4,824,597

  Medical

  $4,990,522

  Retail

  $7,504,928

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.4172

Longitude

-82.2397

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $1,499,015
• Assessed land value
  $77,298
• Assessed value
  $1,576,313
• Tax year
  2023

FAQs

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