Multi-Parcel Mixed-Use Development
5545 Madison Rd Cincinnati, OH 45227
5545 Madison Rd, Cincinnati, OH, 45227
$1,150,000
For Sale
$1,150,000
Three parcels with existing structures and off-street parking, positioned for residential and mixed-use development under T4N.SF zoning.
Property Size5,425 SF
Price / SF$211.98
Days on Market30
Property Features for 5545 Madison Rd
General Information
- Standard status
- Active
- Size
- 5,425 SF
Listing agency
ERA REAL Solutions Realty, LLC
(513) 658-7478
Listed by
Meg S. Perez
(513) 658-7478
Source
Exprealty
Added: Jun 23 Updated: Jul 21 at 4:39PM Checked: Jul 21 at 4:39PM
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 ERA REAL Solutions Realty, LLC
Investment Insights
Based on property information with market context.
This multi-parcel development site includes three parcels sold together: 5545 and 5539 Madison Rd, plus 4921 Stewart Ave. The offering features an 11-room Victorian-style home with finishes that is currently used commercially, a 1,700 sf building used as a film studio, and a spacious newer garage. The property also includes substantial off-street parking.
Located in the heart of the newest Residential & Business District in Madisonville, the site sits near new residential construction and within the area highlighted for residential and mixed-use development. Public remarks also note nearby activity such as Element Eatery, along with new restaurants and shops.
The property is identified with T4N.SF zoning, which supports walkability through residential and mixed-use development. Sale includes all three addresses, offering flexibility for owner-occupancy with leasable space, reconfiguration of existing buildings, or development of new residential product.
Located in the heart of the newest Residential & Business District in Madisonville, the site sits near new residential construction and within the area highlighted for residential and mixed-use development. Public remarks also note nearby activity such as Element Eatery, along with new restaurants and shops.
The property is identified with T4N.SF zoning, which supports walkability through residential and mixed-use development. Sale includes all three addresses, offering flexibility for owner-occupancy with leasable space, reconfiguration of existing buildings, or development of new residential product.
Key Highlights
- Three parcels totaling almost 1 acre in Madisonville’s newest Residential & Business District
- T4N.SF zoning supports residential and mixed‑use development, encouraging walkability
- Sale includes 5545 & 5539 Madison Rd plus 4921 Stewart Ave
Local Financial Insights For Office B
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 | $112.0k | $20.64 |
| − Vacancy | −$25.6k | −$4.73 |
| EGI | $86.3k | $15.91 |
| − OpEx | −$21.6k | −$3.98 |
| NOI | $64.7k | $11.94 |
5,425 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$925.0K
$809.4K – $1.08M
NOI $64,748 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
I & Eye Productions
Film Production
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Three parcels with existing structures and off-street parking, positioned for residential and mixed-use development under T4N.SF zoning.
Where is this commercial land located?
The property is located at 5545 Madison Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three parcels totaling almost 1 acre in Madisonville’s newest Residential & Business District; T4N.SF zoning supports residential and mixed‑use development, encouraging walkability; Sale includes 5545 & 5539 Madison Rd plus 4921 Stewart Ave
