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Property profile & analytics
OFF-MARKET
Estimated value
$6,305,000
Manufacturing properties
11901 Madison Ave Lakewood, OH 44107
Individually Owned
9-yr Hold
Free & Clear
Property ID
US66-1885977
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1892
Total area
451,490 SF
Lot
18.77 ac (817,621 SF)
Zoning code
I
APN
315-25-002
UPID
US66-1885977
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.70M
Blend (final)
Blend
$6.31M
Owner & transaction history
Advanced Energy Technologies L · 9 yrs held
Advanced Energy Technologies L
since 2016
2 recorded transactions
Zoning & alternative use
I · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
4-3 Table 17.4.1 Table 17.4.1: Use Table Land Use Zone District Supplemental Standards Reside ntial Mixed Use Commercial and Light Industrial R-1-43 R-1-18 R-1-12 R-1-9 R-1-6 R-2 R-MF R-MH M-N M-G M-C M-E M-R C-R C-L L-I LI-RD P = Permitted A = Accessory S = Special L = Limited [blank] = Prohibited Residential Single-family dwelling unit P P P P P P P P Acce…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
94.51 ac
Source
Complete Zoning Ordinance
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.31M
Range $5.67M – $6.94M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$14 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$157,856
Tax year 2023
Assessed value
$1,457,550
Assessed 2023
Previous assessed
$1,457,550
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$395,330
Assessed improvement
$1,062,220
Land market value
$1,129,500
Improvement market value
$3,034,900
Total market value
$4,164,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1892
Heating
NONE
Stories
4
Total area
451,490 SF
Lot
18.77 ac (817,621 SF)
Zoning code
I
APN
315-25-002
UPID
US66-1885977
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Lakewood, OHZoning I · permitted uses
I · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
4-3 Table 17.4.1 Table 17.4.1: Use Table Land Use Zone District Supplemental Standards Reside ntial Mixed Use Commercial and Light Industrial R-1-43 R-1-18 R-1-12 R-1-9 R-1-6 R-2 R-MF R-MH M-N M-G M-C M-E M-R C-R C-L L-I LI-RD P = Permitted A = Accessory S = Special L = Limited [blank] = Prohibited Residential Single-family dwelling unit P P P P P P P P Accessory dwelling unit L L L L L L L L L L L L L L L See Section 17.4.3.1:A Duplex
Zone name
Industrial
General category
INDUSTRIAL
Zone area
94.51 ac
Source
Complete Zoning Ordinance
Building & site characteristics
From public records
Year built
1892
Heating
NONE
Stories
4
Lot
18.77 ac
Current owner
From public records · entity-resolved
Advanced Energy Technologies L
Individual
Free & Clear · 9 yrs held
Mailing address
11901 MADISON AVE, LAKEWOOD, OH 44107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2017
—
Neograf Solutions LLC
—
Grant Deed
related
$24,000,000 · Wells Fargo Bk
Sep 30, 2016
—
Advanced Energy Technologies L
Graftech Intl Holdings INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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