Former Bank Drive-Through
1903 Hubbard Rd. Madison, OH 44057
For Sale
Contact for pricing
Former bank building with drive-through and multiple office areas, plus a bullpen and kitchenette.
Property Size2,185 SF
Lot Size0.93 Acres
Price / SF$136.84
Days on Market150
Property Features for 1903 Hubbard Rd.
General Information
- Standard status
- Active
- Size
- 2,185 SF
- Lot size
- 0.93 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1903 Hubbard Rd. Contact us
Listing Agency:
Sequoia Realty
(216) 406-0476
Listed By:
Patrick Dowd · License #SAL.2007000856
Source:
Moodyscre
Added: Feb 24
Changed: Jul 23
Last Checked: Jul 23 at 4:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sequoia Realty
Investment Insights
Based on property information with market context.
This former bank property includes a drive-through and a total of 2,185± square feet of commercial space. Inside, the layout features four private offices, a spacious bullpen area, and a kitchenette, supported by abundant windows for natural light.
The building sits on a 0.93-acre lot with a large parking area and strong visibility at 1903 Hubbard Rd. in Madison Township.
The space is positioned for flexible use, including drive-through food service, retail storefront, professional office, or contractor use, depending on the tenant’s or buyer’s operating needs.
The building sits on a 0.93-acre lot with a large parking area and strong visibility at 1903 Hubbard Rd. in Madison Township.
The space is positioned for flexible use, including drive-through food service, retail storefront, professional office, or contractor use, depending on the tenant’s or buyer’s operating needs.
Key Highlights
- Former bank property at 1903 Hubbard Rd. in Madison Township with existing drive‑through
- 2,185± SF commercial building with four private offices, bullpen area, and kitchenette
- 0.93‑acre lot with a large parking area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $15.00 |
| − Vacancy | −$1.5k | −$0.69 |
| EGI | $31.3k | $14.31 |
| − OpEx | −$7.8k | −$3.58 |
| NOI | $23.5k | $10.73 |
2,185 SF · lease $15.00/SF/yr · vacancy 4.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$335.0K
$293.1K – $390.9K
NOI $23,451 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$292.7K
$256.1K – $341.4K
NOI $20,486 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$504.7K
$441.6K – $588.8K
NOI $35,326 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Former bank building with drive-through and multiple office areas, plus a bullpen and kitchenette.
Where is this bank located?
The property is located at 1903 Hubbard Rd. Madison, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Former bank property at 1903 Hubbard Rd. in Madison Township with existing drive‑through; 2,185± SF commercial building with four private offices, bullpen area, and kitchenette; 0.93‑acre lot with a large parking area
