Technical
Financial
Distress signals
Property profile

6659 Rdg Rd Madison, OH 44057

OFF-MARKET
Retail space
Property ID
US66-6177745
5,041 SF 0.38 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-unit retail property, located at 6659 N Ridge Road in Madison, OH, presents a compelling investment opportunity. Boasting 5,041 square feet on a 0.38-acre corner lot, this building benefits from its high visibility and strategic location on a major east/west corridor, ensuring significant daily traffic flow. The property's prime position also captures substantial local north-south traffic. Madison's continued growth further enhances the long-term value proposition. All three units are currently occupied by tenants under lease agreements, providing immediate and consistent cash flow. The anchor tenant enjoys a long-term lease with an upcoming renewal, offering stability and predictability. A recent major renovation has significantly upgraded the building, ensuring its modern appeal and functionality. Convenient parking is available on two sides of the building, enhancing tenant and customer accessibility. Importantly, tenants are responsible for the majority of their utility costs, minimizing operational expenses for the owner. This turnkey investment offers a blend of strong occupancy, a desirable location, and a recently renovated structure, making it an attractive opportunity for discerning investors seeking a stable and profitable retail portfolio addition.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 5,041 SF
Lot 0.38 ac (16,553 SF)
Zoning code B2
APN 01-B-108-A-00-002-0
UPID US66-6177745

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tattoo & Piercing Shop
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

6659 Rdg Rd Madison, OH 44057-2553
Madison metro Census 205701 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2025
Last sale
$360,000
6 recorded transactions
2025
$360,000
2022
Price N/A
2017
Price N/A
2007
$362,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Madison, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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