Wadsworth Retail Space For
For Sale
Contact for pricing
1143 Williams Reserve Blvd, Wadsworth, OH 44281
45,525 SF retail space with 7.75% CAP rate.
Property Size45,525 SF
Price / SF$112.45
Days on Market705
Property Features for 1143 Williams Reserve Blvd
General Information
Standard status
Active
Size
45,525 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$396,742
Building Details
Year Built
2006
Year Renovated
2023
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Daniel Kukes · License #MI 6502361395
(248) 488-2620
Source:
Crexi
Added: Nov 14, 2024
Changed: Oct 4
Last Checked: Oct 19 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space offers 45,525 square feet. The property is being offered for sale and has a capitalized rate of 7.75%.
Key Highlights
- 7.75% CAP Rate
- Boasting 45,525 SF
- Retail Property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,673
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,613,460
$3.6M
Cap Rate 7%
$2,581,043
$2.6M
Cap Rate 9%
$2,007,478
$2.0M
Market Conditions
NOI Build-Up for 45,525 SF
Gross rent
$267.7K $5.88/SF
− Vacancy
−$9.6K −$0.21/SF
EGI
$258.1K $5.67/SF
− OpEx
−$77.4K −$1.70/SF
NOI
$180.7K $3.97/SF
Area
Medina County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,613,460
Cap Rate 7%
$2,581,043
Cap Rate 9%
$2,007,478
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,673 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.70M
$11.11M – $14.81M
NOI $888,878 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
311k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Superstores 23%
Groceries 19%
Apparel 14%
Target
Superstores
72,526 visits/mo
0.1 miles
Giant Eagle Supermarket
Groceries
58,627 visits/mo
0.4 miles
Kohl's
Apparel
43,644 visits/mo
0.0 miles
Five Below
Shops & Services
27,060 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
24,491 visits/mo
0.1 miles
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 45,525 SF retail space with 7.75% CAP rate.
Where is this retail space located?
The property is located at 1143 Williams Reserve Blvd Wadsworth, OH.
What is the asking price?
The asking price for this property is $5,119,252.
What are key features of this property?
This property features: 7.75% CAP Rate; Boasting 45,525 SF; Retail Property
