Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Retail space
6455 Rdg Rd Madison, OH 44057-2516
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-6060146
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
15,792 SF
Lot
11.74 ac (511,394 SF)
Zoning code
B-2
APN
01-B-110-0-00-002-0
UPID
US66-6060146
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
$1.44M
Blend (final)
Blend
$1.38M
Owner & transaction history
Mustang Properties LLC · 21 yrs held
Mustang Properties LLC
since 2005
3 recorded transactions
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
Top alternative use upside
Restaurant
$2.3M
+128.7%
Auto repair, garage
$1.3M
+33.7%
Office building
$1.1M
+15.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$990,000
Current use
RESTAURANT
$2,265,000
Change: +129% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,325,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$1,110,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,060,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$875,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
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
$28,410
Tax year 2023
Assessed value
$322,440
Assessed 2023
Previous assessed
$322,440
+0.0% YoY
Effective rate
8.81%
On assessed value
Assessed land
$165,370
Assessed improvement
$157,070
Land market value
$472,480
Improvement market value
$448,760
Total market value
$921,240
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
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
15,792 SF
Lot
11.74 ac (511,394 SF)
Zoning code
B-2
APN
01-B-110-0-00-002-0
UPID
US66-6060146
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$990,000
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$875,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
11.74 ac
Current owner
From public records · entity-resolved
Mustang Properties LLC
Entity
Mailing address
PO BOX 56, KINGSVILLE, OH 44048-0056
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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 31, 2005
$1,078,900
Mustang Properties LLC
Kershaw Glenn E SR Trust
Warranty Deed
$1,000,000 · Park View Fsb
May 31, 2005
—
Kahr Denise S Tr
Kershaw,glenn E SR
Affidavit Of Death
related
—
—
—
Mustang Properties LLC
—
Deed Of Trust
related
$730,000 · Fifth Third Bk
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?”
You own 6455 Rdg Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
