Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooster Commercial Shell Space Title is generated by Realmo AI

    2281 Merit Drive, Wooster, OH 44691

    View on Map
    Claim this Listing
    For Lease
    $4,000 /Mo

    COMMERCIAL - Wooster, OH

    Lot size:
    2.06 Acres
    Added:
    Jul 18, 2025
    Days on Market:
    310
    Last Refresh:
    May 23 at 2:06 am

    Property Features for 2281 Merit Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    70
    Standard status
    Active
    APN
    67-02030-006
    Lot size
    2.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Lauren B Mingay
    Lauren B Mingay

    Listing agent Lauren B Mingay License #2006002318

    Listing office RE/MAX Showcase 343 Milltown Rd Suite D, Wooster, OH

    Listing date Jul 18, 2025

    MLS# 5140058

    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

    • 3,100 sq ft of customizable C2 shell space awaits your vision.
    • Newly constructed in 2023.
    • High‑traffic location with outstanding visibility.
    • Suitable for retail, office, or service‑oriented businesses.
    • Convenient access to major highways.
    • Forced Air heating and Central Air cooling.

    Overview

    This commercial property offers 3,100 square feet of C2 newly constructed shell space, ready for a custom build-out. The space is suitable for retail, office, or service-oriented businesses. It is located on a high-traffic thoroughfare, providing visibility and customer exposure. Convenient access to major highways ensures connectivity for clients, customers, and employees. The property is situated on a 2.059-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wooster
    County
    Wayne
    State
    Ohio
    Longitude
    -81.9069663
    Latitude
    40.8253153

    Nearby Similar for Lease

    • $1,700/Mo
      2,040 SF

      Spacious Wooster Office Suite

      2,040 sq ft suite in a multi-tenant building.
      365 Riffel Road, Wooster, OH 44691
      View Details
    • $1,250/Mo
      800 SF

      Retail Space in Downtown Wooster

      Retail space in downtown Wooster with high foot traffic.
      137 W Liberty Street, Wooster, OH 44691
      View Details
    • $1,200/Mo
      1,000 SF

      Renovated Retail Units For Rent

      Three newly renovated retail units available for lease.
      2633 Cleveland Road, Wooster, OH 44691
      View Details
    • $1,500/Mo
      4,300 SF

      Retail/Office Space in Wooster

      4300 SF retail/office space in high-traffic Wooster location.
      2801 Cleveland Rd, Wooster, OH
      View Details
    • $0.39 SF/Yr
      26,400 SF

      Wooster Warehouse Space Available

      Industrial warehouse space for lease in Wooster, Ohio.
      4047 Lincoln Way E, Wooster, OH
      View Details
    • $0.39 SF/Yr
      40,000 SF

      Wooster Warehouse Space Available

      40,000 SF warehouse space available for lease in Wooster.
      4255 E Lincoln Way, Wooster, OH
      View Details
    • Contact for pricing
      19,595 SF

      Retail Space in Wooster Center

      Retail space available in Wooster's shopping center.
      3786 Burbank Rd, Wooster, OH
      View Details
    • $4,000/Mo
      6,300 SF

      Wooster Warehouse Space For Rent

      6,300 SF warehouse space available for lease in Wooster.
      1889 Silver Rd, Wooster, OH
      View Details
    • $1,100/Mo
      3,312 SF

      Wooster Warehouse with Drive-In Doors

      3,312 SF warehouse with on-site parking and drive-in doors.
      2730 E Smithville Western Rd, Wooster, OH
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Wooster District

      Retail spaces available in the heart of Wooster's retail district.
      3957-4095 Burbank Rd, Wooster, OH
      View Details
    • $1,800/Mo
      4,800 SF

      Retail/Office Space with Garage Door

      Former Airgas suite suitable for retail or office use.
      3174 E Lincoln Way, Wooster, OH
      View Details
    • Contact for pricing

      Freestanding Retail Building in Wooster

      Retail building in Wooster, near College of Wooster and Downtown.
      406 Beall Ave, Wooster, OH 44691
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,100 SF C2 shell space ready for custom build-out.
    Where is this retail space located?
    The property is located at 2281 Merit Drive Wooster, OH.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: 3,100 sq ft of customizable C2 shell space awaits your vision.; Newly constructed in 2023.; High‑traffic location with outstanding visibility.
    (330) 464-7520
    We can help!
    Listing Contact
    Lauren B Mingay
    Lauren B Mingay
    Real Estate License ID: 2006002318
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2281 Merit Drive, Wooster, OH 44691
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!