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13315 Madison Ave, Lakewood, OH 44107
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
WOOD
Total area
7,498 SF
Lot
0.11 ac (4,705 SF)
Zoning code
C2
APN
315-18-017
UPID
US66-1616546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$550k
Owner & transaction history
since 2021
Last sale
$640,000
4 recorded transactions
Zoning & alternative use
C2 · Lakewood, OH
Zoning description
TheC2 Retail Districtis established to provide standards for the continued operation of small commercial establishments. This district would permit those retail uses that typically locate side by side to create a shoppin…
General category
COMMERCIAL
Top alternative use upside
Medical building
$815,000
+84.9%
Neighborhood: shopping center
$760,000
+72.3%
Auto repair, garage
$665,000
+51.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$550k
Value range
$495k – $605k
±10% around blend
Estimated value / SF
$73 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
Income certainty
100
$495k
blend $550k
$605k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,498 SF
Lot area
0.11 ac
Year built
1920
Stories
2
APN
315-18-017
Zoning
C2
Assessed value
$224,010
Annual tax
$24,261
3
Income approach: direct capitalization
Partial preview
Income approach indication
$575k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$625k
@ 6.5% CAP return
$575k
@ 7% CAP return
$535k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$24,261
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$455k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 9,032 SF
9.3 mi away · 5,982 SF
9.3 mi away · 5,982 SF
14.4 mi away · 7,424 SF
16.1 mi away · 8,144 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$550k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$59
+25%
Submarket 762 sales
$51
+43%
County 779 sales
$52
+41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $73/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+85%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Apartment House (5+ Units)
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.80%
Selected cap rate for this warehouses
Derived from the Lakewood market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.80%
9.0%
NOI (est.)
$99k *
Last sale · Apr 2021
$640k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.45M
Move the market yield to see immediate price impact.
Value / SF
$193
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.30%6.80%7.30%
$89k
$1.41M
$1.30M
$1.21M
$99k
$1.56M
$1.45M
$1.35M
$108k
$1.72M
$1.59M
$1.48M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$329k
0.2 mi · Feb 2026 · $60/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,261
Tax year 2023
Assessed value
$224,010
Assessed 2023
Previous assessed
$134,410
+66.7% YoY
Effective rate
10.83%
On assessed value
Assessed land
$9,070
Assessed improvement
$214,940
Land market value
$25,900
Improvement market value
$614,100
Total market value
$640,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1920
Construction
WOOD
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
6
Total area
7,498 SF
Lot
0.11 ac (4,705 SF)
Zoning code
C2
APN
315-18-017
UPID
US66-1616546
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OHZoning C2 · permitted uses
C2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
TheC2 Retail Districtis established to provide standards for the continued operation of small commercial establishments. This district would permit those retail uses that typically locate side by side to create a shoppin…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
6
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C2
COMMERCIAL
Jurisdiction
Lakewood, OH
Recorded code
C2
Official district
C2
Official district profile
What the municipal code says about C2
Zoning description
TheC2 Retail Districtis established to provide standards for the continued operation of small commercial establishments. This district would permit those retail uses that typically locate side by side to create a shoppin…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Lakewood, OH.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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