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Property profile & analytics
OFF-MARKET
Retail space
15625 Madison Ave Lakewood, OH 44107-5637
Individually Owned
5-yr Hold
Free & Clear
Property ID
US66-2419483
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
WOOD
Total area
550 SF
Lot
0.02 ac (1,008 SF)
Zoning code
C2
APN
313-16-115
UPID
US66-2419483
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marla J Murphy · 5 yrs held
Marla J Murphy
since 2021
Last sale
$37,000
3 recorded transactions
Zoning & alternative use
C2 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 shopping environment that encourages pedestrian interaction between stores and where stores thrive on being adjacent to other retail uses
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
181.70 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,054
Tax year 2023
Assessed value
$9,730
Assessed 2023
Previous assessed
$9,730
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$2,100
Assessed improvement
$7,630
Land market value
$6,000
Improvement market value
$21,800
Total market value
$27,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
HOT WATER
Cooling
NONE
Stories
1
Bathrooms
0
Total area
550 SF
Lot
0.02 ac (1,008 SF)
Zoning code
C2
APN
313-16-115
UPID
US66-2419483
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OHZoning C2 · permitted uses
C2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 shopping environment that encourages pedestrian interaction between stores and where stores thrive on being adjacent to other retail uses
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
181.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
0
Lot
0.02 ac
Current owner
From public records · entity-resolved
Marla J Murphy
Individual
Free & Clear · 5 yrs held
Mailing address
10032 LK SHR BLVD, BRATENAHL, OH 44108-1055
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
—
Marla J Murphy
Marla J Murphy
Intrafamily Transfer
related
—
Mar 26, 2021
—
James J Murphy JR
James J Murphy
Intrafamily Transfer
related
—
Jun 1, 1999
$37,000
James J Murphy
Diamond,thomas & Vicky S
Grant Deed
—
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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