Back to Search
Property profile & analytics
FOR LEASE
Strip malls
331 N Lake St Madison, OH 44057
Entity Owned
23-yr Hold
Free & Clear
Property ID
US66-1336688
For Lease
1 / 2
$7.50 SF/Yr
331 N Lake St, Madison, OH 44057
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
16,250 SF
Lot
1.99 ac (86,902 SF)
Zoning code
LIND
APN
02-A-008-0-00-012-0
UPID
US66-1336688
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
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
-
Big Dawgs Axe Junkies, Axe Throwing Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Big Dawgs Axe Junkies Electronics & Wireless Store (Bike/Boat/Book/etc) Store
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
Corra Development Ltd · 23 yrs held
Corra Development Ltd
since 2003
3 recorded transactions
Zoning & alternative use
LIND · Madison, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$15,025
Tax year 2023
Assessed value
$188,790
Assessed 2023
Previous assessed
$188,790
+0.0% YoY
Effective rate
7.96%
On assessed value
Assessed land
$30,420
Assessed improvement
$158,370
Land market value
$86,900
Improvement market value
$452,490
Total market value
$539,390
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
16,250 SF
Lot
1.99 ac (86,902 SF)
Zoning code
LIND
APN
02-A-008-0-00-012-0
UPID
US66-1336688
Jurisdiction
LAKE
Zoning & alternative use
LIND · Madison, OH
Zoning LIND · permitted uses
LIND · Madison, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Corra Development Ltd
Entity
Free & Clear · 23 yrs held
Mailing address
100 DEBARTOLO PL STE #400, BOARDMAN, OH 44512-6099
Ownership since
2003
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 6, 2003
$104,000
Corra Development Ltd
Barone,timothy J & Julie J
Grant Deed
—
May 31, 2000
$15,000
Ludwig J Gustincic
Barone,timothy J & Julie I
Grant Deed
—
Apr 3, 2000
$55,000
Timothy J Barone
Richard C Klein Trustee
Grant Deed
$35,000 · National City Bank
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?”
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.
