Berea City School District Board of Education v. Cuyahoga County Board of Revision

{¶ 1} The principal issue presented to this court concerns the proper method for determining the taxable value of a 10.719-acre parcel of property located at 17840 and 18000 Bagley Road in Middleburg Heights, a suburb of Cleveland, Ohio.

{¶ 2} The property at issue contains two buildings: one, constructed in 1968 or 1969, contains approximately 113,000 square feet and houses a Kmart store and an in-line store; the other, constructed in 1986, is a separately standing 3,454-square-foot Burger King restaurant.

{¶ 3} Further, the parcel is subject to two long-term leases. The first of these,…