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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
6623 Rdg Rd Madison, OH 44057-2553
Entity Owned
Free & Clear
Property ID
US66-3971342
Property summary
AI-generated overview
This exceptional 6,850 square foot retail property, formerly an Advance Auto Parts, is situated on 1.31 acres of land in Madison, Ohio. Built in 2013, the single-story building features approximately 6,400 square feet of showroom/retail space and an additional 450 square feet of warehouse/shipping area, perfect for a variety of uses. The property boasts a 9' x 8' overhead door, two ADA-compliant restrooms, and ample parking with 28 spaces. Its prominent location on N. Ridge Rd (US 20) offers 172 feet of frontage, ensuring high visibility and accessibility. With over 15,000 vehicles passing daily, this free-standing facility benefits from significant traffic exposure. The B-2 General Business zoning allows for retail, service, and office uses, among others. Nearby retailers include Walmart, Tractor Supply, Giant Eagle, and Walgreens, further enhancing the property's desirability. The property's APN is 01B1080000410, and it's located in Lake County, Ohio, with a zip code of 44057. This is a rare opportunity to acquire a well-located, high-traffic retail space in a thriving area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
6,850 SF
Lot
1.32 ac (57,325 SF)
APN
01-B-108-0-00-041-0
UPID
US66-3971342
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
$710k
Blend (final)
Blend
$665k
Owner & transaction history
Ducks Liquidation LLC
Ducks Liquidation LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$980,000
+128.7%
Auto repair, garage
$575,000
+33.7%
Office building
$495,000
+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
$430,000
Current use
RESTAURANT
$980,000
Change: +129% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$495,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$480,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$97 / 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
$29,135
Tax year 2023
Assessed value
$350,000
Assessed 2023
Previous assessed
$350,000
+0.0% YoY
Effective rate
8.32%
On assessed value
Assessed land
$99,200
Assessed improvement
$250,800
Land market value
$283,430
Improvement market value
$716,570
Total market value
$1,000,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,850 SF
Lot
1.32 ac (57,325 SF)
APN
01-B-108-0-00-041-0
UPID
US66-3971342
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$430,000
RESTAURANT
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$575,000
OFFICE BUILDING
Est. value
$495,000
MEDICAL BUILDING
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$460,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Ducks Liquidation LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6623 N RDG RD, MADISON, OH 44057-2553
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Ducks Liquidation LLC
The Balogh Real Estate Partnership
Deed
—
Jun 19, 2018
$1,500,000
Balogh Real Estate Ptshp
Vsm Parsons Ltd
Grant Deed
—
Jan 31, 2014
$1,450,200
Vsm Parsons Ltd
Wxz Retail Group Of Madison LLC
Grant Deed
—
Jul 31, 2013
$286,500
Wxz Retail Group Madison LLC
The Andover Bank
Limited Warranty Deed
$1,105,000 · The Citizens Banking Co
Jun 10, 2010
$404,900
Andover Bank
Madison Land Ventures Outparce
Warranty Deed
—
Aug 8, 2005
—
Madison Land Ventures LLC
Madison Land Ventures Outparce
Quit Claim Deed
related
—
Aug 8, 2005
$50,000
Osborne Richard M Tr
Madison Land Ventures Outparce
Warranty Deed
—
—
—
Madison Land Ventures LLC
—
Deed Of Trust
related
$3,100,000 · Cantor Com'l R/e Lndg
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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