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    Property profile & analytics

    11818 Madison Ave Lakewood, OH 44107-5252

    • Retail space
    • 2,340 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $660,000
    Last Sale
    Aug 21, 2020
    $850,000
    Location Intelligence
    Property ID
    US66-1285480
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 11818 Madison Ave

    Year built
    2019
    Lot size
    0.18 lot acres
    Property size
    2,340 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    315-15-104
    APU
    31515104

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7712
    Latitude
    41.4772
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,423
    $17,540
    $152,570
    $170,110
    -
    $50,100
    $435,900
    $486,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      13396 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      13396 Madison Ave, Lakewood, OH 44107-4840
      View Details
    • Value Estimation by Request
      4,956 SF

      13302 Detroit Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,956 SF
      13302 Detroit Ave, Lakewood, OH 44107-2850
      View Details
    • Value Estimation by Request
      1,410 SF

      13919 Detroit Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,410 SF
      13919 Detroit Ave, Lakewood, OH 44107-4623
      View Details
    • Value Estimation by Request
      2,788 SF

      18400 Detroit Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,788 SF
      18400 Detroit Ave, Lakewood, OH 44107-3313
      View Details
    • Value Estimation
      $420,000
      14,760 SF

      1314 117th St

      RETAIL STORES (PERSONAL SERVICES) • 14,760 SF
      1314 117th St, Lakewood, OH 44107-3011
      View Details
    • Value Estimation
      $920,000
      0.17 Acres

      15305 Detroit Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      15305 Detroit Ave, Lakewood, OH 44107
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
      2,850 SF

      Retail/Office Space Available For Lease

      2,850 SF retail/office space with improvements and parking.
      13400 Madison Ave, Lakewood, OH 44107
      View Details
    • $1,600 /Mo
      1,000 SF

      Retail Space in Birdtown Neighborhood

      Retail space in Lakewood's historic Birdtown neighborhood available for rent.
      13320-13322 Madison Ave, Lakewood, OH 44107
      View Details
    • $22 SF/Yr
      1,001 SF

      Lakewood Mixed-Use Redevelopment Space

      Retail and office spaces available in Lakewood's premier redevelopment.
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      View Details
    • $2,500 /Mo

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      Furnished two-bedroom suite with downtown and water views.
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      Lakewood Office Space Available

      Historic Lakewood building, flexible office suites.
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    • Contact for pricing
      934 SF

      Lakewood Office Space Available

      934 SF office space for rent in Lakewood, Ohio.
      1435 Warren Rd, Lakewood, OH 44107
      View Details
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    11818 Madison Ave
    Lakewood, OH 44107-5252
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    Realmo Value Estimation

    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.

    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.

    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
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