Distribution Center with Handling
For Sale
Contact for pricing
478 Corporate Pkwy, Wadsworth, OH 44281
Industrial facility with package-handling equipment in place.
Property Size26,284 SF
Price / SF$66.58
Days on Market485
Property Features for 478 Corporate Pkwy
General Information
Standard status
Active
Size
26,284 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Akron
(216) 687-1800
Listed By:
Steve Lazarides · License #SAL.2002717
(216) 687-1800
Source:
Moodyscre
Added: May 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:51AM
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 CBRE | Akron
Investment Insights
Based on property information with market context.
The property is a 26,284-square-foot distribution center at 478 Corporate Pkwy in Wadsworth, Ohio. Package-handling equipment remains with the facility, supporting its continued use for distribution and warehouse operations.
Key Highlights
- 26,284‑square‑foot distribution center
- Package‑handling equipment remains in place
- Located at 478 Corporate Pkwy, Wadsworth, OH 44281
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
$118,966
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
6.80%
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%
$2,379,320
$2.4M
Cap Rate 7%
$1,699,514
$1.7M
Cap Rate 9%
$1,321,844
$1.3M
Market Conditions
NOI Build-Up for 26,284 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
$146.4K $5.57/SF
− Vacancy
−$6.4K −$0.25/SF
EGI
$140.0K $5.32/SF
− OpEx
−$21.0K −$0.80/SF
NOI
$119.0K $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%
$2,379,320
Cap Rate 7%
$1,699,514
Cap Rate 9%
$1,321,844
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.98M
NOI $118,966 @ 7.0% cap · market cap 6.80%
Second Best
Industrial
$1.40M
$1.22M – $1.63M
NOI $97,972 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$7.33M
$6.41M – $8.55M
NOI $513,196 @ 7.0% cap · market cap 29.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with package-handling equipment in place.
Where is this distribution center located?
The property is located at 478 Corporate Pkwy Wadsworth, OH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 26,284‑square‑foot distribution center; Package‑handling equipment remains in place; Located at 478 Corporate Pkwy, Wadsworth, OH 44281
