Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    324 Akron Rd Wadsworth, OH 44281

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    68+ acres of land near Wadsworth retail center.

    Property size:
    4 SF
    Lot size:
    4.00 Acres

    Property Features for 324 Akron Rd

    General Information

    Size
    4 SF
    Lot size
    4.00 Acres

    We can help!

    Listing Contact
    Jerry Fiume, Sior, Ccim
    Source: Svnsummitcommercial

    Listing Agent: Jerry Fiume, Sior, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wadsworth Land Near Retail Center

    This property features over 68 acres of land situated next to the retail center of Wadsworth, located within Wadsworth Township in Medina County. The land is zoned R-2, designated for medium-density single-family or two-family dwellings. The location offers convenient access to Interstate 76, which runs east and west through Northeast Ohio, facilitating travel to major cities such as Akron, Canton, and Youngstown. Nearby points of interest include Pine Valley Golf Club (1 mile), Norton Driving Club (1.5 miles), The Lake Campgrounds (2 miles), and Wadsworth Municipal Airport (3.78 miles). Wadsworth Township is known for its hometown feel, largely accredited to its renowned blue tip parade and festivals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Medina
    State
    Ohio
    Longitude
    -81.7005787
    Latitude
    41.0422596

    Nearby Similar for Sale

    • New
      $240,000
      Pending

      Wadsworth Multifamily Investment Opportunity

      Well-maintained two-unit property near school and YMCA.
      405 Broad St, Wadsworth, OH 44281
      View Details
    • $289,000
      0.36 Acres

      Wadsworth Commercial Building For Sale

      Commercial building in Wadsworth, Ohio with parking and outdoor space.
      292 Main St, Wadsworth, OH 44281
      View Details
    • $4,250,000
      74,075 SF

      Versatile Commercial Asset in Wadsworth

      Retail, office, and self-storage property with income and upside potential.
      201-251 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • $825,000
      6,760 SF

      Retail Building with Arcade

      6,760 SF retail building with two units in Wadsworth, OH.
      129 Broad St, Wadsworth, OH 44281
      View Details
    • $225,000
      2,520 SF

      New Industrial Building For Sale

      Two-story industrial building with flexible I-2 zoning.
      168 Auble St, Wadsworth, OH 44281
      View Details
    • $1,600,000
      16,800 SF

      Fully Leased Wadsworth Warehouse Investment

      16,800 SF industrial warehouse, 100% leased, great highway access.
      2241 Pinnacle Pkwy, Wadsworth, OH
      View Details
    • $395,000
      4,644 SF

      Retail Property with Expansion Potential

      Retail property with ample parking and expansion possibilities.
      772 College St, Wadsworth, OH 44281
      View Details
    • $1,500,000
      26,284 SF

      Wadsworth Warehouse with Equipment

      26,284 SF warehouse in Wadsworth, Ohio with equipment.
      478 Corporate Pkwy, Wadsworth, OH 44281
      View Details
    • $5,844,000
      30,248 SF

      Wadsworth Office Building For Sale

      Office building with 30,248 square feet of space.
      165 Smokerise Dr, Wadsworth, OH 44281
      View Details
    • $325,000
      2,385 SF

      Downtown Wadsworth Office Building

      Historic Charm, Modern Updates, High Potential
      164 High St, Wadsworth, OH 44281
      View Details
    • $5,119,252
      45,525 SF

      Wadsworth Shopping Center Investment

      High-Yield Retail Center in Ohio
      1143 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • $470,000
      4,644 SF

      Prime Wadsworth Retail/Auto Shop

      High-traffic, 4,644 SF storefront, $470K
      772 College St, Wadsworth, OH 44281
      View Details

    FAQs

    What type of property is this?
    Land - 68+ acres of land near Wadsworth retail center.
    Where is this land located?
    The property is located at 324 Akron Rd Wadsworth, OH.
    What are key features of this property?
    This property features: - 68+ acres of land available.; - Zoned R-2 for medium-density single-family or two-family dwellings.; - Located next to the retail center of Wadsworth.
    (330) 416-0501
    Request Owner's contact information
    324 Akron Rd Wadsworth, OH 44281
    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.
    324 Akron Rd
    Wadsworth, OH 44281
    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
    324 Akron Rd Wadsworth, OH 44281
    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

    We can help!
    Listing Contact
    Jerry Fiume, Sior, Ccim
    (330) 416-0501
    Learn more
    Google sign-in failed. Please try again or use another login method.