Versatile Commercial Asset in
201-251 Great Oaks Trail Wadsworth, OH 44281
201-251 Great Oaks Trail, Wadsworth, OH, 44281
$4,250,000
For Sale
$4,250,000
Retail, office, and self-storage property with income and upside potential.
Property Size74,075 SF
Lot Size1.00 Acre
Price / SF$57.37
Days on Market176
Property Features for 201-251 Great Oaks Trail
General Information
- Standard status
- Active
- Size
- 74,075 SF
- Lot size
- 1.00 Acre
- Property subtype
- Shopping Plaza
Listing agency
SVN Summit Commercial Real Estate Advisors
(231) 633-1642
Listed by
Jenna Tharp · License #SAL.2020006237
(231) 633-1642
Source
Svnsummitcommercial
Added: Jan 27 Updated: Jul 10 at 12:53PM Checked: Jul 21 at 6:48AM
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 SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This versatile 74,075 square foot commercial asset features a blend of retail, office, and self-storage spaces. Located in Wadsworth's retail corridor, it offers both stable income and potential for increased value. The property includes approximately +/- 1.0 acre fronting Great Oaks Trail, providing prime access to Interstate 76. The asset benefits from Wadsworth’s increasing population growth, low retail vacancy, and strong self-storage demand. The property is located along a high-visibility corridor with easy access to Interstate 76 and OH-261. Its proximity to Medina (12 miles), Akron (10 miles), and Cleveland (35 miles) enhances tenant appeal and regional connectivity. The surrounding area features a mix of grocery stores, restaurants, services, and residential neighborhoods, contributing to consistent customer traffic. The property benefits from the City of Wadsworth's low-cost utilities. The rent roll is stable, anchored by Great Oaks Self Storage, and there is potential for significant rent growth. The property consists of 3 buildings total and is located in The City of Wadsworth retail district.
Key Highlights
- High‑visibility location in Wadsworth's retail corridor with prime access to Interstate 76, ensuring tenant appeal and regional connectivity.
- Versatile commercial asset with a blend of retail, office, and self‑storage, offering diverse income streams.
- Stable rent roll with Great Oaks Self Storage as an anchor tenant.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $435.6k | $5.88 |
| − Vacancy | −$15.6k | −$0.21 |
| EGI | $420.0k | $5.67 |
| − OpEx | −$126.0k | −$1.70 |
| NOI | $294.0k | $3.97 |
74,075 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Office B
$12.97M
$11.35M – $15.14M
NOI $908,138 @ 7.0% cap · market cap 21.37%
Second Best
Self Storage
$10.36M
$9.06M – $12.08M
NOI $724,898 @ 7.0% cap · market cap 17.06%
Theoretical Best
Specialty Retail
$20.66M
$18.08M – $24.11M
NOI $1,446,318 @ 7.0% cap · market cap 34.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Retail, office, and self-storage property with income and upside potential.
Where is this shopping center located?
The property is located at 201-251 Great Oaks Trail Wadsworth, OH.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: High‑visibility location in Wadsworth's retail corridor with prime access to Interstate 76, ensuring tenant appeal and regional connectivity.; Versatile commercial asset with a blend of retail, office, and self‑storage, offering diverse income streams.; Stable rent roll with Great Oaks Self Storage as an anchor tenant.
