5319 Mdw Ln CtSheffield, OH 44035
For Sale
$325,000
View listing
- Office properties
- 2,409 SF
Property Details for 5319 Mdw Ln Ct
- Year built
- 1997
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 2,409 SF
- Property type
- Office properties
- APN
- 03-00-001-704-001
- APU
- 300001704001
Description
This 2,409 square foot office condo, built in 1998 (estimated), is ideally situated in a prime Lorain County location, sharing a Sheffield Village/Elyria mailing address. Currently configured as a medical/doctor's office, this property presents a fantastic investment opportunity. The asking price is $325,000. The property sits on a 0.06-acre lot and is conveniently located minutes from I-90/254, offering easy access to Elyria, Avon, and Sheffield, as well as Lorain County Community College. The building's exterior, lawn care, snow removal, and parking lot maintenance are all covered by a $777 monthly association fee (through Continental Mgmt), which also includes trash removal. The current tenant lease expires October 31, 2024
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $433,379
- 6.5%
- $400,042
- 7%
- $371,468
-
Comparable approach
- Method
- Valuation
- Relative Method
- $225,338
- Geo Method
- $225,338
-
Alternative Use
- Use
- Valuation
- Residential
- $496,052
- Hospitality
- $454,381
- Educational
- $378,040
- Medical
- $391,041
- Retail
- $588,062
5319 Mdw Ln Ct, Sheffield, Ohio
Leaflet | © OpenStreetMap contributors
Location Insight
- City
- Sheffield Village
- County
- Lorain
- State
- Ohio
- Latitude
- 41.4214
- Longitude
- -82.0734
- 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
$5,943
$7,000
$85,484
$92,484
-
$20,000
$244,240
$264,240
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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