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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Manufacturing properties
15150 Madison Rd Middlefield, OH 44062-9495
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2569821
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
317,183 SF
Lot
19.02 ac (828,511 SF)
APN
19-080940
UPID
US66-2569821
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
Current use
Occupant on record · Public records
-
Dillen Products Industrial Manufacturer Production Facility
-
Just In Time Staffing Inc. Employment Agency
-
The HC Companies Warehouse Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$3.98M
Owner & transaction history
Bonner Madison Road Properties Ltd · 1 yrs held
Bonner Madison Road Properties Ltd
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middlefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlefield 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
$3.98M
Range $3.58M – $4.38M · ±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
$13 / 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
$153,814
Tax year 2023
Assessed value
$2,763,010
Assessed 2023
Previous assessed
$2,205,530
+25.3% YoY
Effective rate
5.57%
On assessed value
Assessed land
$234,640
Assessed improvement
$2,528,370
Land market value
$670,400
Improvement market value
$7,223,900
Total market value
$7,894,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1994
Heating
NONE
Stories
1
Total area
317,183 SF
Lot
19.02 ac (828,511 SF)
APN
19-080940
UPID
US66-2569821
Jurisdiction
GEAUGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Lot
19.02 ac
Current owner
From public records · entity-resolved
Bonner Madison Road Properties Ltd
Entity
Free & Clear · 1 yrs held
Mailing address
12428 STATE RTE 88, GARRETTSVILLE, OH 44231-9120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Bonner Madison Road Properties Ltd
Bonner Madison Road Properties LLC
Intrafamily Transfer
related
—
Jan 17, 2017
—
Rjj Properties LLC
—
Deed
related
$585,917 · Middlefield Bkng
Jul 7, 2005
—
Bonner Madison Road Props Ltd
—
Grant Deed
related
$10,000,000 · Ge Com'l Finance Business Prop
—
—
Rjj Properties LLC
—
Deed Of Trust
related
$585,917 · Middlefield Bkng
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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