Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15809 Madison Rd Middlefield, OH 44062-8409
    Property profile & analytics

    15809 Madison Rd, Middlefield, OH 44062-8409

    View on Map
    • Specialty properties
    • 2,704 SF
    • 1.39 lot acres
    Off-Market
    Property ID
    US66-3108158
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Best Funeral Home / Social Service Agency
    • Overlook Cemetery / Cemetery

    Property Details for 15809 Madison Rd

    Year built
    1967
    Construction
    FRAME
    Lot size
    1.39 lot acres
    Property type
    Specialty properties
    APN
    18-091295
    APU
    18091295

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 20, 2020 — Gary D Best — Deed · related $30k · Ohio Catholic FCU
    Aug 9, 2017 — Best Funeral Home LLC — Deed · related $8k · Geauga Cu
    — — Gary D Best — Deed Of Trust · related $75k · Geauga Cu
    — — Gary D Best — Deed Of Trust · related $40k · Geauga Cu
    — — Gary D Best — Deed Of Trust · related $224k · Ohio Catholic FCU
    — — Best Funeral Home LLC — Deed Of Trust · related $8k · Geauga Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middlefield
    County
    Geauga
    State
    Ohio
    Longitude
    -81.0558
    Latitude
    41.4393
    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
    $5,379
    $8,820
    $81,130
    $89,950
    -
    $25,200
    $231,800
    $257,000

    Comparable in this City

    • Value Estimation by Request
      55.28 Acres

      Sweet W

      CHARITABLE ORGANIZATION
      Sweet W, Middlefield, OH 44062
      View Details
    • Value Estimation
      $830,000
      6,138 SF

      9637 State Rte 534

      CHARITABLE ORGANIZATION
      9637 State Rte 534, Middlefield, OH 44062-9516
      View Details
    • Value Estimation by Request
      617.28 Acres

      Mahan Parker

      CHARITABLE ORGANIZATION
      Mahan Parker, Middlefield, OH 44062
      View Details
    • Value Estimation by Request
      7.81 Acres

      Sweet W

      CHARITABLE ORGANIZATION
      Sweet W, Middlefield, OH 44062
      View Details
    • Value Estimation by Request
      50.00 Acres

      Girdle

      CHARITABLE ORGANIZATION
      Girdle, Middlefield, OH 44062
      View Details
    • Value Estimation by Request
      1,152 SF

      9671 State Rte 534

      CHARITABLE ORGANIZATION
      9671 State Rte 534, Middlefield, OH 44062-9516
      View Details

    Similar Nearby for Sale

    • $160,000
      6.38 Acres

      Land Near Middlefield

      6.38 acres of land near Middlefield, Ohio.
      Burton Windsor Rd, Middlefield, OH 44062
      View Details
    • Contact for pricing

      Industrial Building Available For Sale

      8,600 SF industrial building available for sale in Middlefield, OH.
      Middlefield, OH 44062
      View Details
    • Contact for pricing
      196,414 SF

      Industrial Property with Unique Features

      Industrial property offering MHE charging, generators, and server room.
      16077 Industrial Pkwy, Middlefield, OH 44062
      View Details
    • $266,500
      41.79 Acres

      Undeveloped Land with Creek

      41 acres of land with young trees and wildlife.
      V/L Donley Rd, Middlefield, OH 44062
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Middlefield Flex Showroom Space

      Flexible showroom with loading docks in Middlefield, Ohio.
      15651 West High St, Middlefield, OH 44062
      View Details
    • Contact for pricing

      Drive-Thru Bay Space Available

      1536 sq ft drive-thru bay for rent.
      3-15525 W High St, Middlefield, OH 44062
      View Details
    • Contact for pricing
      1,500 SF

      Middlefield Retail/Office Space Available

      High-visibility retail or office space in excellent condition.
      14960 S State Ave, Middlefield, OH 44062
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Middlefield

      Retail space for lease in the heart of Middlefield.
      15411-15421 W High St, Middlefield, OH 44062
      View Details
    • $2,000 /Mo
      47,916 SF

      Middlefield Retail/Office Space Available

      2000 sq ft space in busy downtown Middlefield plaza.
      14980 S State Ave, Middlefield, OH 44062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15809 Madison Rd
    Middlefield, OH 44062-8409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15809 Madison Rd, Middlefield, OH, 44062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!