Multi-Parcel Mixed-Use Development
For Sale
$1,092,500
5545 Madison Rd, Cincinnati, OH 45227
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$201.38
Days on Market94
Property Features for 5545 Madison Rd
General Information
Standard status
Active
Size
5,425 SF
Zoning
T4N.SF
Building Details
Year Built
1900
Construction
Victorian
Listing Agency:
Coldwell Banker Realty
Listed By:
Meg S. Perez · License #2016002909
(513) 658-7478
Source:
Missyfriede
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 7 at 4:23PM
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 Coldwell Banker Realty
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,748
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,960
$1.3M
Cap Rate 7%
$924,971
$925.0K
Cap Rate 9%
$719,422
$719.4K
Market Conditions
NOI Build-Up for 5,425 SF
Gross rent
$112.0K $20.64/SF
− Vacancy
−$25.6K −$4.73/SF
EGI
$86.3K $15.91/SF
− OpEx
−$21.6K −$3.98/SF
NOI
$64.7K $11.94/SF
Area
Cincinnati, OH
Vacancy
22.90%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,960
Cap Rate 7%
$924,971
Cap Rate 9%
$719,422
Alternative Uses
Best Use
Office B
$925.0K
$809.4K – $1.08M
NOI $64,748 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 45227, OH
18,427
Population
9,425
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$70,614
Median Household Income
$50,011
Median Earnings
$1,220
Median Rent
$256,400
Median Home Value
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Market
Vacancy Rate% for Office in Cincinnati, OH
Frequently Asked Questions
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 $1,092,500.
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
