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Property profile & analytics
OFF-MARKET
Office buildings
2899 Hubbard Rd Madison, OH 44057-2933
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-1857348
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
WOOD
Total area
9,160 SF
Lot
6.14 ac (267,284 SF)
Zoning code
R-1
APN
01-B-094-C-00-005-0
UPID
US66-1857348
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
-
Layton Physical Therapy 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
Layton Physical Therapy Co INC · 13 yrs held
Layton Physical Therapy Co INC
since 2013
6 recorded transactions
Zoning & alternative use
R-1 · Madison, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone to promote Residential Sub Division Zone use
Zone name
Residential Subdivision
General category
RESIDENTIAL
Zone area
613.86 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 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
$9,096
Tax year 2023
Assessed value
$105,000
Assessed 2023
Previous assessed
$105,000
+0.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$38,140
Assessed improvement
$66,860
Land market value
$108,970
Improvement market value
$191,030
Total market value
$300,000
Applied tax rate
1.0000
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
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,160 SF
Lot
6.14 ac (267,284 SF)
Zoning code
R-1
APN
01-B-094-C-00-005-0
UPID
US66-1857348
Jurisdiction
LAKE
Zoning & alternative use
R-1 · Madison, OHZoning R-1 · permitted uses
R-1 · Madison, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone to promote Residential Sub Division Zone use
Zone name
Residential Subdivision
General category
RESIDENTIAL
Zone area
613.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.14 ac
Current owner
From public records · entity-resolved
Layton Physical Therapy Co INC
Entity
Mailing address
7923 MUNSON RD, MENTOR ON THE LAKE, OH 44060-3742
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
—
Layton Phusical Therapy Company INC
—
Deed
related
$218,442 · The Huntington National Bank
Jun 18, 2013
$323,706
Layton Physical Therapy Co INC
Koby Ents INC
Warranty Deed
—
Jun 14, 2010
—
Koby Ents INC
Koby Ents INC
Quit Claim Deed
related
—
Aug 31, 2001
—
Koby Enterprises INC
Lampson,jeffrey J & Katherine
Quit Claim Deed
related
$672,000 · Key Bank NA
Apr 28, 2000
$140,000
Jeffrey J Lampson
Bender,evelyn J & Dallas A
Grant Deed
$112,000 · Andover Bank For Savings
—
—
Layton Physical Therapy Co INC
—
Deed Of Trust
related
$190,000 · Charter One
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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