Add Listing
    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

    S Madison Road Madison, OH 44057

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    COMMERCIAL - Madison, OH

    Lot size:
    59.12 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 24 at 12:06 am

    Property Features for S Madison Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    02-A-002-A-00-017-0
    Lot size
    59.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 4 TRACT 9
    Tax Annual Amount
    14137

    We can help!

    Listing Contact
    George P Kiko

    Listing agent George P Kiko License #420982

    Listing office Kiko 2722 Fulton Dr. NW, Dover, OH

    Listing date Apr 22, 2026

    MLS# 5203634 Listing URL

    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.

    Overview

    59+ Acres Industrial Land

    The property features over 59 acres of vacant land with approximately 1,235 feet of frontage on S. Madison Rd. Zoned M-2 General Industry, the land offers a mix of approximately 24 acres of wooded area and open space. A stream runs through the property, which is home to timber and abundant wildlife, including deer. The property offers development potential and could be divided. It is conveniently located just minutes from I-90 and is part of the Madison Local School District. The property is located in Lake County. Utilities are available. The land is located in a growing area and offers an opportunity for large acreage development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.0455536
    Latitude
    41.7491139

    Nearby Similar for Sale

    • $65,000

      Established Snap Fitness Franchise Opportunity

      Profitable Snap Fitness franchise for sale in Madison, Ohio.
      6581 N Ridge Road, Madison, OH 44057
      View Details
    • $412,500

      37.5 Acres Wooded Land

      Wooded land with ponds, suitable for recreation or building.
      County Line Road, Madison, OH 44057
      View Details
    • $3,000,000

      Modern Car Wash on Green Road

      State-of-the-art car wash built in 2022, high revenue.
      2606 Green Road, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres for residential build.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $25,000

      Residential Land in Madison, OH

      Three wooded lots totaling 0.47 acres near Lake Erie.
      Magnolia Drive, Madison, OH 44057
      View Details
    • $39,900

      Residential Land Near Lake Erie

      Residential land available near Lake Erie in Madison, Ohio.
      1785 Green Road, Madison, OH 44057
      View Details
    • $829,900
      600 SF

      Updated Retail/Office Space in Madison

      600 SF retail/office space with high visibility and accessibility.
      6714 N Ridge Rd, Madison, OH
      View Details

    FAQs

    What type of property is this?
    Industrial land - Vacant land with industrial zoning in Lake County, Ohio.
    Where is this industrial land located?
    The property is located at S Madison Road Madison, OH.
    What are key features of this property?
    This property features: 59+ acres with industrial (M‑2) zoning, offering significant development potential.; Conveniently located minutes from I‑90, providing easy access.; Mix of wooded (approx. 24 acres) and open land, featuring timber, a stream, and abundant wildlife.
    (330) 418-1095
    We can help!
    Listing Contact
    George P Kiko
    Real Estate License ID: 420982
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!