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Property profile & analytics
OFF-MARKET
Office buildings
21 Main St Madison, OH 44057-3125
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0646887
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1830
Total area
6,464 SF
Lot
0.41 ac (17,820 SF)
Zoning code
MRES
APN
02-A-009-A-00-035-0
UPID
US66-0646887
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
-
Geneva Madison Sleep Center Medical Clinic
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
Sk Property Management LLC · 3 yrs held
Sk Property Management LLC
since 2023
Last sale
$27,500
4 recorded transactions
Zoning & alternative use
MRES · Madison, OH
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$1,141
Tax year 2023
Assessed value
$12,220
Assessed 2023
Previous assessed
$12,220
+0.0% YoY
Effective rate
9.34%
On assessed value
Assessed land
$11,590
Assessed improvement
$630
Land market value
$33,110
Improvement market value
$1,800
Total market value
$34,910
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1830
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
6,464 SF
Lot
0.41 ac (17,820 SF)
Zoning code
MRES
APN
02-A-009-A-00-035-0
UPID
US66-0646887
Jurisdiction
LAKE
Zoning & alternative use
MRES · Madison, OHZoning MRES · permitted uses
MRES · Madison, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
1830
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Sk Property Management LLC
Entity
Mailing address
275 W MAIN ST, MADISON, OH 44057-3129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 7, 2023
$27,500
Sk Property Management LLC
21 West Main LLC
Warranty Deed
$22,000 · Park Natl Bank Of Sw Ohio & N Kentu
Aug 13, 2021
$250,000
21 West Main LLC
Timothy E Behm
Warranty Deed
$187,500 · The Farmers National Bank Of Canfie
Sep 16, 1999
$225,000
Timothy E Behm
James D Klingbeil Trustee
Grant Deed
—
—
—
Timothy E Behm
—
Deed Of Trust
related
$210,000 · Key Bank & Trust
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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