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Property profile & analytics
OFF-MARKET
Office buildings
6166 Rdg Rd Madison, OH 44057-2444
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US66-2259037
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
3,258 SF
Lot
4.11 ac (179,162 SF)
Zoning code
B2
APN
01-B-111-0-00-025-0
UPID
US66-2259037
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
-
French Chiropractic & Wellness Center Alternative Medicine Practice
-
French Tim DC Alternative Medicine Practice
-
James B. Morosky, DC Alternative Medicine Practice
-
Clayton Thomas Staib Alternative Medicine Practice
-
Jessica Jordan Alternative Medicine Practice
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
French Real Estate Development LLC · 17 yrs held
French Real Estate Development LLC
since 2009
3 recorded transactions
Zoning & alternative use
B2 · 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
$10,716
Tax year 2023
Assessed value
$126,830
Assessed 2023
Previous assessed
$126,830
+0.0% YoY
Effective rate
8.45%
On assessed value
Assessed land
$61,350
Assessed improvement
$65,480
Land market value
$175,290
Improvement market value
$187,090
Total market value
$362,380
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,258 SF
Lot
4.11 ac (179,162 SF)
Zoning code
B2
APN
01-B-111-0-00-025-0
UPID
US66-2259037
Jurisdiction
LAKE
Zoning & alternative use
B2 · Madison, OHZoning B2 · permitted uses
B2 · 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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
French Real Estate Development LLC
Entity
Mailing address
5480 LOCKWOOD RD, MADISON, OH 44057-2361
Ownership since
2009
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
Apr 20, 2009
—
French Real Estate Development LLC
Timothy M French
Quit Claim Deed
related
$50,000 · Firstmerit Bank NA
Aug 6, 2004
$183,500
Timothy M French
Hocevar,wayne H & Cheryl A
Grant Deed
$257,500 · Firstmerit Bank NA
Aug 6, 2004
—
Wayne H Hocevar
Hocevar,grace E
Affidavit Of Death
related
—
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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