Add Listing
    For Lease
    • 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

    1 Park Center Dr Wadsworth, OH 44281

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Lower-level office suite with convenient highway access in Wadsworth, OH.

    Property size:
    2,450 SF
    Lot size:
    4.54 Acres

    Property Features for 1 Park Center Dr

    General Information

    Size
    2,450 SF
    Lot size
    4.54 Acres

    We can help!

    Listing Contact
    Sam Tecca
    Sam Tecca
    Source: Moodyscre

    Listing Agency: Gerspacher Real Estate Group Listing Agent: Sam Tecca

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

    Learn more

    Overview

    Wadsworth Office Suite For Rent

    One lower-level office suite is available for lease at One Park Center. The building features an elevator and is ADA compliant. The property offers immediate access to I-76. Suite 11, located on the lower level, provides 2,450 square feet of space. The suite includes a receptionist/lobby area, three private offices (two with windows), a conference room with windows, a copier room, a kitchenette, and a storage/cubicle room. This location is presented as a convenient office/retail location in Wadsworth, OH.
    Location Intelligence

    Current Use by Public Records

    Northeast Ohio Eye ... Medical Clinic Drs. Benninger, Schween, ... Dental Office Schween Gary R ... Dental Office Benninger Richard M ... Dental Office Sara M. Prusinski, ... Physician

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Medina
    State
    Ohio
    Longitude
    -81.7276131
    Latitude
    41.0478429

    Nearby Similar for Lease

    • $20 SF/Yr

      New Wadsworth Commercial Space Available

      New construction with customizable space and convenient access to amenities.
      1255 High St, Wadsworth, OH 44281
      View Details
    • $4 SF/Yr
      5,904 SF

      Wadsworth Industrial Space with Office

      Industrial space with office, drive-in doors, and outdoor storage.
      215 Rainbow St, Wadsworth, OH 44281
      View Details
    • $4 SF/Yr

      Wadsworth Warehousing Building For Lease

      12,365 SF warehousing building with convenient highway access.
      350 State St, Wadsworth, OH 44281
      View Details
    • $5 SF/Yr
      9,606 SF

      Wadsworth Manufacturing Building for Lease

      9,606 SF manufacturing building with convenient highway access.
      145 Rainbow St, Wadsworth, OH 44281
      View Details
    • $4 SF/Yr
      8,000 SF

      Wadsworth Industrial Space Available

      Industrial space suitable for manufacturing, warehousing, distribution, and auto-related activities.
      450 State St, Wadsworth, OH 44281
      View Details
    • $12 SF/Yr

      Prime Retail Leasing Opportunity

      Retail space for lease in high-traffic Wadsworth, OH.
      201-251 Great Oak Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space in Wadsworth, OH

      16,000 SF retail space available for lease.
      160 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      3,000 SF

      Wadsworth Flex Space Available

      3,000 SF flex space with drive-in door for lease.
      4983 Ridge Rd, Wadsworth, OH 44281
      View Details
    • $11 SF/Yr
      43,200 SF

      Wadsworth Office Space For Lease

      Prime Wadsworth Office, Flexible Suites Available
      1 Park Center Dr, Wadsworth, OH 44281
      View Details
    • $13 SF/Yr
      18,256 SF

      Wadsworth Office Suites - Prime Location

      Two Executive Office Suites Available
      200 Smokerise Dr, Wadsworth, OH 44281
      View Details
    • $20 SF/Yr
      31,000 SF

      High St Office Space, Wadsworth

      Class A Office Suites, Medina County
      1255 High St, Wadsworth, OH 44281
      View Details
    • $12 SF/Yr
      22,040 SF

      Great Oaks Shopping Center: Wadsworth, OH

      Prime Wadsworth Retail Space Available
      201 Great Oaks Trl, Wadsworth, OH 44281
      View Details

    FAQs

    What type of property is this?
    Office units - Lower-level office suite with convenient highway access in Wadsworth, OH.
    Where is this office units located?
    The property is located at 1 Park Center Dr Wadsworth, OH.
    What are key features of this property?
    This property features: - Immediate access to I-76.; - 2,450 SF suite available.; - This suite includes a receptionist/lobby area, three private offices, conference room, copier room, kitchenette, and storage/cubicle room.
    (330) 722-5002 Call to check price and availability
    Request Owner's contact information
    1 Park Center Dr 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.
    1 Park Center Dr
    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
    1 Park Center Dr 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam Tecca
    Sam Tecca
    (330) 722-5002 (330) 634-5289
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!