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Board affirms $9 million value for 790 SW 19th Street retail center after assessor adjustment
Summary
Following an informal hearing and an assessor-initiated reduction, the board retained a $9,000,000 fair cash value for the 2019-built strip center at 790 SW 19th Street (Agree Limited Partnership).
The Cleveland County Equalization Board on July 24 retained a fair cash value of $9,000,000 for the strip center at 790 SW 19th Street (Account No. 166065) after the assessor lowered its figure during an informal hearing.
Agent Brittany Dowd noted the center is fully leased and was purchased in early 2022 for $10.0 million. The assessor's office had previously reduced its value from $10,359,613 to $9,000,000; the board accepted $9,000,000 as a fair cash value on a unanimous vote (moved by John Wullich; seconded by Josh Edge). The minutes record the assessor's informal adjustment and the board's concurrence.
The decision leaves the reported fair cash value in the 2025 assessment rolls as $9,000,000 for the property.
