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Property profile & analytics
OFF-MARKET
Industrial properties
Madison Rd Middlefield, OH 44062
Individually Owned
Free & Clear
Property ID
US66-0702349
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
3,720 SF
Lot
2 ac (87,120 SF)
APN
18-091223
UPID
US66-0702349
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
Paul Joseph Southerland
Paul Joseph Southerland
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middlefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlefield 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
$2,320
Tax year 2023
Assessed value
$38,790
Assessed 2023
Previous assessed
$35,290
+9.9% YoY
Effective rate
5.98%
On assessed value
Assessed land
$8,580
Assessed improvement
$30,210
Land market value
$24,500
Improvement market value
$86,300
Total market value
$110,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
3,720 SF
Lot
2 ac (87,120 SF)
APN
18-091223
UPID
US66-0702349
Jurisdiction
GEAUGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Paul Joseph Southerland
Individual
Free & Clear · 0 yrs held
Mailing address
9525 MADISON RD, MONTVILLE, OH 44064-8723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
—
Andy A Hostetler
—
Deed
related
$30,000 · The Middlefield Banking Co
Aug 6, 2025
$100,000
Paul Joseph Southerland
Sheila Ann Koenig
Warranty Deed
—
Dec 23, 2024
—
Light Brothers Holdings LLC
Diversified Developing LLC
Quitclaim Deed
related
—
Mar 24, 2023
—
A 3 M Holdings LLC
Katherine Mehta
Quitclaim Deed
related
—
Oct 21, 2022
—
Jason A Hostetler
Andy A Hostetler
Deed
related
—
Mar 3, 2022
$114,400
Katherine Mehta
Marvin 18258 Madison LLC
Warranty Deed
—
Jan 24, 2022
$85,000
Diversified Developing LLC
Tn County Properties & Maintenance
Warranty Deed
$85,000 · Aziz Hoosenally
Apr 22, 2021
—
Kathryn M Wengerd
Kathryn M Wengerd
Deed
related
—
Mar 19, 2021
—
Marvin 18258 Madison LLC
Darin Marvin
Quitclaim Deed
related
—
Jan 11, 2021
—
Darin Marvin
—
Deed
related
$71,250 · Independent Bank
Nov 18, 2020
—
Darin Marvin
Marvin 18258 Madison LLC
Quitclaim Deed
related
—
Jul 29, 2020
—
Jacob J Miller
—
Deed
related
$128,000 · Middlefield Bkng
Feb 21, 2020
—
Marvin 18258 Madison LLC
Marvin Family Trust
Quitclaim Deed
—
Jul 30, 2019
$65,000
Veronica J Hissa
Lalos Eleanor
Grant Deed
—
May 6, 2019
$950,000
Marvin Family Trust
Blue Sky R/e Hldgs LLC
Warranty Deed
—
Feb 8, 2019
—
Esther B Gates
Gates Lucinda S Trust
Quitclaim Deed
related
—
May 11, 2018
$55,000
Parkman Market Xpress LLC
Blair,sally D
Warranty Deed
—
Feb 6, 2018
—
Jonas J Miller JR
Miller,jonas J & Carol A
Quitclaim Deed
related
—
Jan 8, 2018
—
Sally D Blair
Blair Properties INC
Quitclaim Deed
related
—
Mar 16, 2017
—
Tri County Prop & Maint LLC
—
Trust Deed
related
$15,000 · Private Individual
Feb 23, 2017
—
C3h8 Trust
T T J Trust No 2 (pt)
Quitclaim Deed
related
—
Aug 15, 2016
—
C3h3 Trust
Ttj Trust 1
Quitclaim Deed
related
—
Jul 12, 2016
—
Ruth A Byler
Byler,david L
Deed
related
—
Sep 5, 2006
$10,000
Michael D Yoder
Mullet,sara L
Grant Deed
—
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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