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Financial
Distress signals
Property profile

201 Water Tower Dr Unit 1ST 1st Madison, OH 44057

FOR LEASE
Office buildings
Property ID
US66-0808567
9,100 SF 2.91 ac lot Built 2004
Last sale Dec 2019 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 201 Water Tower Dr in Madison, Ohio (zip code 44057, Lake County), this exceptional office space offers a diverse range of options to suit various business needs. The property provides traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments, all within a single location. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, tailored to specific…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$210k
Assessed land$64k
Assessed improvement$145k
Effective rate8.02%

Value estimate

· Oct 2026
$275k
$248k – $303k
Submarket $/SF estimate$866k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$72/SF
County average, outlier-cleaned · 94 recorded sales of this use type
Observed band · Q1–Q3$41 – $115

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop12.0
Wholesale Shop11.3
Auto Parts Store10.7

Location

201 Water Tower Dr Unit 1ST, Unit 1st Madison, OH 44057
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6380 Rdg, Madison, OH 44057-2548 $400,000 May 2025 4,920 SF
10 Main, Madison, OH 44057-3126 $109,900 Apr 2025 2,000 SF
21 Main, Madison, OH 44057-3125 $27,500 Jun 2023 6,464 SF
2712 Hubbard, Madison, OH 44057-2932 $135,000 Apr 2022 1,890 SF
13 Main, Madison, OH 44057-3125 $115,000 Oct 2021 4,842 SF
1936 Hubbard, Madison, OH 44057-2106 $180,000 Sep 2021 3,465 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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