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    Twinsburg Commercial Space For Lease Title is generated by Realmo AI

    2021 Midway Drive, Twinsburg, OH 44087

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    For Lease
    $425,000

    COMMERCIAL - Twinsburg, OH

    Lot size:
    4.02 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    211
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 2021 Midway Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    6403002
    Lot size
    4.02 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    2
    Roof type
    Rubber, Flat

    We can help!

    Listing Contact
    Wesley Purvis

    Listing agent Wesley Purvis License #2019030413

    Listing office Berkshire Hathaway HomeServices Professional Realty 4120 Erie Street, Mentor, OH

    Listing date Oct 24, 2025

    MLS# 5166590

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime NEO location with easy access to I‑480 and I‑271 for Cleveland and Akron markets.
    • Each unit has at least one drive‑in bay and two docks with levelers.
    • Lease is $8.50/SF/YR double net for five years.
    • Upgraded lighting with clear height ceilings of approximately 16.5 FT.
    • Combination of warehouse (approximately 8,300 SF) and office space (ranges from 1,700 SF).
    • Class B building sited on an estimated four acres with fenced perimeter.

    Overview

    Located in Twinsburg, Ohio, this commercial property offers a combination of warehouse and office space. The Class B building is situated on approximately four acres, providing convenient access to both Cleveland and Akron markets, with proximity to I-480 (one mile) and I-271 (three miles). The masonry block exterior houses units featuring at least one drive-in bay and two docks equipped with levelers. Office spaces range around 1,700 square feet, while warehouse space is approximately 8,300 square feet. The warehouse area features upgraded lighting and a clear ceiling height of approximately 16.5 feet. Office spaces are heated with electric heat, and the warehouse is equipped with gas-powered Reznor heaters. The lease rate is $8.50 per square foot per year, double net, for a five-year term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sky View Studios Film Production Precision PMD Industrial Manufacturer Definitive Motorwerk Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • PEPSICO — Twinsburg, OH 44087

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.466145
    Latitude
    41.315853

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    FAQs

    What type of property is this?
    Warehouse - Warehouse and office space available near I-480 and I-271.
    Where is this warehouse located?
    The property is located at 2021 Midway Drive Twinsburg, OH.
    What is the lease rate?
    The lease rate is $425,000.
    What are key features of this property?
    This property features: Prime NEO location with easy access to I‑480 and I‑271 for Cleveland and Akron markets.; Each unit has at least one drive‑in bay and two docks with levelers.; Lease is $8.50/SF/YR double net for five years.
    (440) 796-2700
    We can help!
    Listing Contact
    Wesley Purvis
    Real Estate License ID: 2019030413
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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