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

    Portside Dr Medina, OH 44256

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $285,000

    Industrial park land for sale in Medina, Ohio.

    Lot size:
    1.90 Acres

    Property Features for Portside Dr

    General Information

    Lot size
    1.90 Acres

    We can help!

    Listing Contact
    Morgan Faunce
    Source: Moodyscre

    Listing Agent: Morgan Faunce

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

    Learn more

    Property Insight Report

    Overview

    Premier Industrial Park Land Available

    Located along Medina Road (SR-18) and adjacent to the Medina Municipal Airport, Portside Corporate Park is a premier industrial park in Sharon Township, Medina County, situated between I-71 and I-77. Originally consisting of 12 fully improved lots, the park now has four remaining lots for sale, ranging from 1.9 acres to 5.6 acres, with a total of 15.88 acres available, though not contiguous. Lot 1A, at 1.9 acres, has frontage along Medina Road. The location is suitable for corporate headquarters and various industrial uses. The park is home to SFS Intec, Nelsen Corp, Foundations Worldwide Inc, Legacy Homes, Controls Inc, and a multi-tenant industrial-use building. Park design restrictions are in place to protect the integrity of the development and are available for review upon request. Up to a 14-year and 50% CRA Tax abatement is available in the park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.770194
    Latitude
    41.134922

    Nearby Similar for Sale

    • $795,000
      4.34 Acres

      Medina Mixed-Use Industrial Property

      7,532 SF Medina property with residential and industrial functionality.
      4599 Abbeyville Rd, Medina, OH 44256
      View Details
    • $6,750,000
      100,000 SF

      Medina Industrial Property For Sale

      Flexible industrial property in Medina's established industrial corridor.
      775-779 W Smith Rd, Medina, OH 44256
      View Details
    • $695,000
      7,200 SF

      High Visibility Corner Commercial Property

      Two buildings on 1.96 acres with multiple access points.
      999 Lafayette Rd, Medina, OH 44256
      View Details
    • $1,325,000
      2,880 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with high visibility and strong demographics.
      3105 Medina Rd, Medina, OH 44256
      View Details
    • $795,000
      7,532 SF

      Industrial Property with Residential Unit

      7,532 SF industrial space with a residential unit.
      4599 Abbeyville Rd, Medina, OH 44256
      View Details
    • $695,000
      10,000 SF

      Restaurant with Banquet and Bar

      10,000 SF restaurant with banquet space, bar, and patio.
      5164 Normandy Park Dr, Medina, OH 44256
      View Details
    • $1,300,000
      34,000 SF

      Medina Industrial Property For Sale

      Industrial property with highway access and flexible zoning.
      355 Lake Rd, Medina, OH 44256
      View Details
    • $445,000
      2,188 SF

      Medina Office Building For Sale

      2,188 SF office building on 0.498 AC available for sale.
      708 E Smith Rd, Medina, OH 44256
      View Details
    • $445,000
      3,520 SF

      Medina Retail/Office Condominium For Sale

      Retail/office condominium in active corridor, suitable for various uses.
      3575 Medina Rd, Medina, OH 44256
      View Details
    • $6,750,000
      100,000 SF

      Industrial Property in Medina Corridor

      Flexible industrial property suitable for warehousing, manufacturing, and flex-office.
      775 W Smith Rd, Medina, OH 44256
      View Details
    • $1,500,000
      1.38 Acres

      Established Medina Industrial Property

      Profitable Limousine Business & Land
      887 Liberty St, Medina, OH 44256
      View Details
    • $695,000
      7,200 SF

      Prime Medina Retail/Warehouse

      7,200 SF, 2 buildings, high visibility
      999 Lafayette Rd, Medina, OH 44256
      View Details

    FAQs

    What type of property is this?
    Land - Industrial park land for sale in Medina, Ohio.
    Where is this land located?
    The property is located at Portside Dr Medina, OH.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Prime location between I-71 and I-77, adjacent to Medina Municipal Airport and along Medina Road (SR-18).; - Up to 14-year and 50% CRA Tax abatement available.; - Suitable for corporate headquarters and various industrial uses.
    (330) 722-5002
    Request Owner's contact information
    Portside Dr Medina, OH 44256
    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.
    Portside Dr
    Medina, OH 44256
    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
    Portside Dr Medina, OH 44256
    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
    Morgan Faunce
    Real Estate License ID: OH2006007013
    (330) 722-5002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.