50 SOUTHWEST CUTOFF
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Location
50 SOUTHWEST CUTOFF
Mblu
41/ 042/ 00003/ /
Acct#
41-042-00003
Owner
LOTUS HOLDINGS SOUTHWEST COMMONS LP
Total Market Value
$10,667,300
PID
56014
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$6,112,400$4,554,900$10,667,300

Owner of Record
OwnerLOTUS HOLDINGS SOUTHWEST COMMONS LP
Co-Owner
Address5900 SOM CENTER RD
SUITE 12-334
WILLOUGHBY, OH 44094
Sale Price$10
Certificate
Book & Page 60127/0192
Sale Date03/08/2019
Instrument1F

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
LOTUS HOLDINGS SOUTHWEST COMMONS LP$10 60127/01921F03/08/2019
CHERRY TREE INVESTMENTS LLC$80,000 56336/02911N11/21/2016
50 SOUTHWEST CUTOFF HOLDINGS LLC$3,500,000 50507/01871L02/27/2013
J I D REALTY TRUST$100 14508/00011G09/09/1992
RUSSELL,FRANCIS J TRUSTEE$0 10173/0180 01/01/1988

Building Information
Building 1 : Section 1
Year Built: 1993
Living Area: 95,373
Replacement Cost: $7,562,600
Building Percent Good: 76
Replacement Cost
Less Depreciation:
$5,747,600
Building Attributes
FieldDescription
Style:Strip Mall
ModelCommercial
GradeAVE MASONRY
Stories:1
Occupancy12.00
Exterior Wall 1Concrete Block
Exterior Wall 2 
Roof StructureSteel Frm/Trus
Roof CoverRubber Roofing
Interior Wall 1Drywall/Shtrk
Interior Wall 2 
Interior Floor 1Cer/Clay/Tile
Interior Floor 2Ww/Carpet
Ext. Qual.AVERAGE
Int. Qual.AVERAGE
Bldg UseSHOPNGMALL MDL-94
Bath Grade 
Elevator0
Sprinkler100
1st Floor Use:3230
Heat/ACPackage Unit
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/Wall 
Rooms/Prtns 
Wall Height20.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
GLAGross Leasable Area 92,219 92,219
GLUGLA - Upper Story 3,154 3,154
CANCanopy 5,648 0
EPHEnclosed Porch 260 0
   101,281 95,373

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
POLTLighting Poles19.00 UNITS$21,7001
WLCLWalk-In Cooler80.00 S.F.$4,6001

Land
Land Use
Use Code3230
DescriptionSHOPNGMALL MDL-94  
ZoneML-.5
Neighborhood2
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)796276
Depth
Total Market Land$4,554,900

Outbuildings
Outbuildings
CodeDescriptionSizeValueBldg #
SGB2BILLBOARD2.00 UNITS$144,0001
PAV1PAVING-ASPHALT250000.00 S.F.$337,5001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$722,565$4,506,300$5,228,865
2024$5,109,600$4,506,300$9,615,900
2023$4,823,700$3,918,900$8,742,600

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