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Legal and Political C'onstrainu, Continued <br />Does property conform to Inning code? 'Phe properly is not deep enough to create buildable lots on the <br />Crocker-Stcarns Road frontage, the code requires 135 deep lots and the property ranges from 40' to 100 <br />feet deep. <br />Assessment and Taxes: The subject property is part of a larger property that has the following assessed <br />value as determined by the Cuyahoga County fiscal Officer for tax year 2023. 'Ibis value represent%35% <br />of fair market value in the Stale of Ohio. <br />Assessed Values <br />Market Values <br />Land Value <br />$610,370 <br />Land Value <br />$1,458,200 <br />Building Value <br />$346,920 <br />Building Value <br />$991,200 <br />Total Value <br />$857,290 <br />Total Value <br />$2,449,400 <br />This reflects a fair market value of $2,449,400 for the entire improved 5.05 acre property, which is <br />improved with a retail pharmacy and a quick service restara int. 'The net effective tax rate for commercial <br />properties in North Olmsted is $113.289331 per $ I,000 of assessed valuation or 3.97% of market value. <br />The residential tax rate is $90.15 per $1,000 of assessed valuation or 2.86%, this properly is currently <br />being taxed at the commercial rate. <br />BMMAN & CO., INC. - Real FSWte A,.i.lS & Con' ln',g xww. cpbeo.00m <br />