Net-Leased Medical & Residential
For Sale
Contact for pricing
139 Weber Ct, Wellington, OH 44090
Stabilized investment opportunity with long-term leases and a nationally recognized tenant.
Property Size27,682 SF
Lot Size6.54 Acres
Price / SF$192.36
Days on Market160
Property Features for 139 Weber Ct
General Information
Standard status
Active
Size
27,682 SF
Lot size
6.54 Acres
Property subtype
Multifamily, Special Purpose
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Troy Gerspacher · License #OH 2007000314
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 20 at 11:39AM
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 Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
This property presents a net-leased investment opportunity in the medical and residential sector, specifically catering to individuals with Intellectual and Developmental Disabilities (IDD). The property, consisting of 4 parcels totaling 6.54 acres, features 5 freestanding structures with a total area of 27,682 square feet, including a 1,344 square foot open-wall carport and a 960 square foot pole barn. The property is fully occupied by ResCare Community Living, a national provider of community living services for individuals with intellectual and developmental disabilities. ResCare has been operating on the property since its original construction in 1991 and subsequent expansion in 2012. There are five leases in place: four leases are active through 2027, each including one additional five-year renewal option, and one newly executed five-year lease for the habilitation training & treatment center, which extends through December 2031. The lease for 139 Weber Court includes annual rent increases. The projected gross annual rent for 2026 is $509,880. This offering provides a long-term investment opportunity supported by a nationally recognized tenant in a critical services sector.
Key Highlights
- 100% occupied by ResCare Community Living, a nationally recognized provider.
- Stabilized investment property on 6.54 acres with 5 freestanding structures totaling 27,682 SF.
- Long‑term leases in place, extending through 2027 and 2031.
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
$333,735
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
6.27%
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%
$6,674,700
$6.7M
Cap Rate 7%
$4,767,643
$4.8M
Cap Rate 9%
$3,708,167
$3.7M
Market Conditions
NOI Build-Up for 27,682 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
$607.9K $21.96/SF
− Vacancy
−$51.7K −$1.87/SF
EGI
$556.2K $20.09/SF
− OpEx
−$222.5K −$8.04/SF
NOI
$333.7K $12.06/SF
Area
Lorain County, OH
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$6,674,700
Cap Rate 7%
$4,767,643
Cap Rate 9%
$3,708,167
Alternative Uses
Best Use
Healthcare Medical
$4.77M
$4.17M – $5.56M
NOI $333,735 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.98M
$6.10M – $8.14M
NOI $488,310 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 44090, OH
11,085
Population
4,241
Households
2.6
Avg Household Size
46
Median Age
26%
College-Educated
92%
High-School Grad
100.8 sq mi
ZIP Area
110
Density / Sq Mi
$78,318
Median Household Income
$44,337
Median Earnings
$794
Median Rent
$229,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Stabilized investment opportunity with long-term leases and a nationally recognized tenant.
Where is this rehabilitation center located?
The property is located at 139 Weber Ct Wellington, OH.
What is the asking price?
The asking price for this property is $5,325,000.
What are key features of this property?
This property features: 100% occupied by ResCare Community Living, a nationally recognized provider.; Stabilized investment property on 6.54 acres with 5 freestanding structures totaling 27,682 SF.; Long‑term leases in place, extending through 2027 and 2031.
