Back to Search
Property profile & analytics
OFF-MARKET
Retail space
17308 Madison Ave Lakewood, OH 44107
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0763453
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
WOOD
Total area
2,562 SF
Lot
0.2 ac (8,800 SF)
Zoning code
C1
APN
313-18-018
UPID
US66-0763453
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
17308 Madison Ave LLC · 6 yrs held
17308 Madison Ave LLC
since 2020
Last sale
$350,000
3 recorded transactions
Zoning & alternative use
C1 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
TheC1 Office Districthas a limited application within the Central Business District of theCity. This district seeks to preserve and protect the general character of the area and to allow for expansion around the core as dictated by market conditions.
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
36.69 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
$13,267
Tax year 2023
Assessed value
$122,500
Assessed 2023
Previous assessed
$122,500
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$42,420
Assessed improvement
$80,080
Land market value
$121,200
Improvement market value
$228,800
Total market value
$350,000
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
1958
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,562 SF
Lot
0.2 ac (8,800 SF)
Zoning code
C1
APN
313-18-018
UPID
US66-0763453
Jurisdiction
CUYAHOGA
Zoning & alternative use
C1 · Lakewood, OHZoning C1 · permitted uses
C1 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
TheC1 Office Districthas a limited application within the Central Business District of theCity. This district seeks to preserve and protect the general character of the area and to allow for expansion around the core as dictated by market conditions.
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
36.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
17308 Madison Ave LLC
Entity
Mailing address
17306 MADISON AVE, LAKEWOOD, OH 44107-3533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 16, 2020
$350,000
17308 Madison Ave LLC
Thk International LLC
Warranty Deed
$280,000 · Chemical Bk
Apr 9, 2010
$195,000
Thk International LLC
Barney,robert C
Warranty Deed
—
Sep 21, 1998
$222,500
Robert C Barney
Lukuch,grazyna M & Edward D
Grant Deed
$256,500 · Key Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17308 Madison Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
