Contractor Flex Units with
For Sale
$204,900
4310 Bluebell, Medina, OH 44256
Pre-selling flex contractor units feature 14-foot overhead doors, heated warehouse/shop space, and an ADA restroom plus mezzanine.
Property Size1,600 SF
Price / SF$128.06
Days on Market34
Property Features for 4310 Bluebell
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
1,200 SF
Office Build-Out
400 SF
Mezzanine
400 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Amenities
Snow removal
Lawn maintenance
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Home Equity Realty Group
(330) 350-0016
Listed By:
Roger L Nair · License #2011001849
Source:
Kmlkrealty
Added: Jul 28
Changed: Aug 23
Last Checked: Aug 29 at 11:49AM
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 Home Equity Realty Group
Investment Insights
Based on property information with market context.
Pre-selling contractor-focused flex units designed for work and storage, with each offering a 14-foot overhead garage door and a fully insulated, heated 20x60 warehouse/shop space. Units include an ADA-compliant restroom and water service, along with heating and cooling for year-round comfort. A 20x20 (400 sq ft) mezzanine provides additional space that can serve as an office or lounge area. Select units include a front porch for storefront-style presence, and all units are designed with hot and cold water, ample power, and access to exterior parking.
The property is located in Brunswick Hills, conveniently positioned between Brunswick and Medina, with access to I-71 or I-271 minutes away. Units will be individually parceled as part of a professionally managed HOA that covers snow removal and lawn maintenance.
Construction is targeted to be completed about October 2026, with a limited selection of premium units offered at this stage.
The property is located in Brunswick Hills, conveniently positioned between Brunswick and Medina, with access to I-71 or I-271 minutes away. Units will be individually parceled as part of a professionally managed HOA that covers snow removal and lawn maintenance.
Construction is targeted to be completed about October 2026, with a limited selection of premium units offered at this stage.
Key Highlights
- Pre‑selling 1,600 SF contractor units at the Biz Caves development in Brunswick Hills
- Each unit includes a 14‑foot overhead garage door and a fully insulated, heated 20x60 warehouse/shop space
- ADA‑compliant restroom and water service included in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,242
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,840
$144.8K
Cap Rate 7%
$103,457
$103.5K
Cap Rate 9%
$80,467
$80.5K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$8.9K $5.57/SF
− Vacancy
−$392 −$0.25/SF
EGI
$8.5K $5.32/SF
− OpEx
−$1.3K −$0.80/SF
NOI
$7.2K $4.53/SF
Area
Medina County, OH
Vacancy
4.40%
Lease Rate
$5.57 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,840
Cap Rate 7%
$103,457
Cap Rate 9%
$80,467
Alternative Uses
Best Use
Warehouse
$103.5K
$90.5K – $120.7K
NOI $7,242 @ 7.0% cap · market cap 3.53%
Second Best
Flex RnD
$93.9K
$82.2K – $109.6K
NOI $6,576 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$446.3K
$390.5K – $520.7K
NOI $31,240 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44256, OH
64,815
Population
26,740
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
130.8 sq mi
ZIP Area
496
Density / Sq Mi
$100,345
Median Household Income
$55,180
Median Earnings
$1,120
Median Rent
$292,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Pre-selling flex contractor units feature 14-foot overhead doors, heated warehouse/shop space, and an ADA restroom plus mezzanine.
Where is this flex space located?
The property is located at 4310 Bluebell Medina, OH.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Pre‑selling 1,600 SF contractor units at the Biz Caves development in Brunswick Hills; Each unit includes a 14‑foot overhead garage door and a fully insulated, heated 20x60 warehouse/shop space; ADA‑compliant restroom and water service included in every unit
