Spirit Master Funding IX, L.L.C. v. Cuyahoga Cty. Bd. of Revision (Slip Opinion)

*254 {¶ 1} This case involves the real-property valuation of a Red Lobster restaurant in the village of Orange for tax year 2014. This case is similar to Terraza 8, L.L.C. v. Franklin Cty. Bd. of Revision , 150 Ohio St.3d 527 , 2017-Ohio-4415 , 83 N.E.3d 916 , and Bronx Park S. III Lancaster, L.L.C. v. Fairfield Cty. Bd. of Revision , 153 Ohio St.3d 550 , 2018-Ohio-1589 , 108 N.E.3d 1079 . In each case, a school board has argued that a parcel of real property should be valued based on a recent arm's-length sale price and a property owner has relied on appraisal evidence to support a lower…