Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2606 Green Rd Madison, OH 44057

    Sponsored
    For Sale
    $3,000,000

    SINGLE_FAMILY - Madison, OH

    Type:Retail
    Lot size:
    1.94 Acres
    Days on Market:
    87
    Last Refresh:
    Feb 13 at 4:06 am

    Property Features for 2606 Green Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    APN
    01-B-126-0-00-058-0
    Parking
    12
    Parking features
    Driveway
    Lot size
    1.94 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Radiant, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Roof type
    Metal, Mansard

    We can help!

    Listing Contact
    Rick Osborne
    Rick Osborne

    Keller Williams Realty Greater Cleveland Northeast (440) 255-5500

    Listing agent Rick Osborne (440) 299-5190 License #2010001710

    Listing date Nov 19, 2025

    MLS# 5156104

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Car Wash on Green Road

    This state-of-the-art, full-service drive-thru car wash was built in 2022. The 3,700 SF building washes, dries, and cleans cars quickly. The property features modern equipment and the capacity to stack over 20 cars on site. Customers have access to 8 vacuum stalls. The car wash requires limited staff to operate and provides easy access in and out along Green Road. Situated on a 1.941-acre lot, the property is located across the street from Wal-Mart Supercenter and many other retailers in Walter Green Commons. It is adjacent to Mary's Diner, Verizon, Sheetz, and Mapco (gas station). The property is positioned as a great long-term investment as eastern Lake County continues to grow and expand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Classic Clean Auto ... Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.074395
    Latitude
    41.802562

    Nearby Similar for Sale

    • $250,000
      0.08 Acres

      Downtown Madison Mixed-Use Property

      Mixed-use building in prime location with commercial and residential units.
      13-15 W Main St, Madison, OH 44057
      View Details
    • $250,000
      Pending

      Madison, OH Four-Family Property

      Four-unit property with strong rental income on a large lot.
      5466 South Ridge Rd, Madison, OH 44057
      View Details
    • $299,000
      0.40 Acres

      Retail Building in Madison Village

      Free-standing 1,250 SF retail building with ample parking.
      5 E Main St, Madison, OH 44057
      View Details
    • Contact for pricing
      7,784 SF

      Restaurant, Bar, and Apartment Building

      Restaurant, bar, apartment with frontage on US Route 20.
      6884 N Ridge Rd, Madison, OH 44057
      View Details
    • $299,000

      Retail Building in Madison Village

      Free-standing retail building with ample parking and great visibility.
      5 E Main St, Madison, OH 44057
      View Details
    • $450,000
      17.90 Acres

      Madison Retail Development Site

      17.9 Acres, High Visibility, Prime Location
      5573 Ridge Rd, Madison, OH 44057
      View Details
    • $375,000
      5,041 SF

      Madison Retail Center - High Visibility

      Three-unit retail building, high traffic area, strong tenants.
      6659 Ridge Rd, Madison, OH 44057
      View Details
    • $299,000
      1,250 SF

      Madison Village Retail Opportunity

      Prime Retail Space, High Visibility
      5 Main St, Madison, OH 44057
      View Details
    • $250,000
      2.13 Acres

      Madison Retail Development Opportunity

      High-visibility land, 2.13 acres, $250,000
      5662 Ridge Rd, Madison, OH 44057
      View Details

    FAQs

    What type of property is this?
    Car wash - State-of-the-art car wash built in 2022, high revenue.
    Where is this car wash located?
    The property is located at 2606 Green Rd Madison, OH.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - State-of-the-art carwash built in 2022 with increasing revenue.; - High-capacity design: Ability to stack over 20 cars on site.; - Prime location: Easy access on Green Road, across from Wal-Mart Supercenter and adjacent to other retailers and businesses.
    (440) 299-5190
    Request Owner's contact information
    2606 Green Rd Madison, OH 44057
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2606 Green Rd
    Madison, OH 44057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2606 Green Rd Madison, OH 44057
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick Osborne
    Rick Osborne
    Real Estate License ID: 2010001710
    (440) 299-5190 (440) 255-5500 (216) 219-0290
    Learn more
    Google sign-in failed. Please try again or use another login method.