1140 TowerLorain, OH 44052

  • Healthcare properties
  • 4,592 SF
Off market
$1,768,905 Estimated

Property Details for 1140 Tower

Year built
1869
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.46 AC
Property size (Sq ft)
4,592 SF
Property type
Healthcare properties
Property subtype
Assisted living facilities
APN
02-01-006-190-044
APU
201006190044

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $807,513
    6.5%
    $745,397
    7%
    $692,154
  • Comparable approach

    Method
    Valuation
    Relative Method
    $493,966
    Geo Method
    $493,966
  • Alternative Use

    Use
    Valuation
    Residential
    $945,567
    Hospitality
    $866,134
    Educational
    $720,614
    Medical
    $745,397
    Retail
    $1,120,955
1140 Tower, Lorain, Ohio

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4347
Longitude
-82.1846
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,386,893
  • Assessed land value
    $75,012
  • Assessed value
    $1,461,905
  • Tax year
    2023
  • Tax bill
    $114,863

FAQs

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