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Property profile & analytics
OFF-MARKET
Retail space
6432 Rdg Rd Madison, OH 44057-2550
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2134040
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Total area
2,580 SF
Lot
2.35 ac (102,366 SF)
Zoning code
B-2
APN
01-B-110-0-00-021-0
UPID
US66-2134040
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
Shreeji Lake LLC · 3 yrs held
Shreeji Lake LLC
since 2023
Last sale
$247,500
1 recorded transaction
Zoning & alternative use
B-2 · Madison, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone to promote Highway Business Zone use
Zone name
Highway Business
General category
COMMERCIAL
Zone area
6.31 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
$3,953
Tax year 2023
Assessed value
$47,520
Assessed 2023
Previous assessed
$47,520
+0.0% YoY
Effective rate
8.32%
On assessed value
Assessed land
$28,630
Assessed improvement
$18,890
Land market value
$81,810
Improvement market value
$53,970
Total market value
$135,780
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Total area
2,580 SF
Lot
2.35 ac (102,366 SF)
Zoning code
B-2
APN
01-B-110-0-00-021-0
UPID
US66-2134040
Jurisdiction
LAKE
Zoning & alternative use
B-2 · Madison, OHZoning B-2 · permitted uses
B-2 · 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 Highway Business Zone use
Zone name
Highway Business
General category
COMMERCIAL
Zone area
6.31 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1949
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Shreeji Lake LLC
Entity
Mailing address
2639 DERUBERTIS DR, MADISON, OH 44057-2544
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$247,500
Shreeji Lake LLC
Jad Properties LLC
Warranty Deed
$185,625 · Eriebank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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