Cosmetically Updated Office
For Sale
Contact for pricing
209 S Broadway St, Medina, OH 44256
Updated 1,664 SF office building with five private offices, restrooms, kitchenette, and basement/attic storage plus 10 parking spaces.
Property Size1,664 SF
Lot Size0.15 Acres
Price / SF$261.42
Days on Market97
Property Features for 209 S Broadway St
General Information
Standard status
Active
Size
1,664 SF
Total Parking Spaces
10
Lot size
0.15 Acres
Property subtype
OFFICE
Zoning
C-2
Additional Details
Office Units
5
Amenities
5 Private Offices
2 Restrooms
Kitchenette
Basement/Attic Storage
Great Signage on Monument Board
Visibility Off the Square
Building Details
Year Built
1856
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Sam Tecca
(330) 634-5289
Source:
Moodyscre
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 26 at 6:36PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This cosmetically updated office building was built in 1856 and totals 1,664 SF. The interior layout includes five private offices, two restrooms, a kitchenette, and basement/attic storage. The property has been updated throughout, with a new roof installed.
The building offers signage on a monument board and is described as having visibility off the square. It is located one block from historical Medina Square, across from Medina County District Library.
The site includes parking for 10 spaces. The property is zoned C-2 Central Business District.
The building offers signage on a monument board and is described as having visibility off the square. It is located one block from historical Medina Square, across from Medina County District Library.
The site includes parking for 10 spaces. The property is zoned C-2 Central Business District.
Key Highlights
- 1,664 SF office building built in 1856, on 0.1475 AC
- Updated layout with 5 private offices, 2 restrooms, kitchenette, plus basement/attic storage
- Cosmetically updated throughout with a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,400
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,000
$408.0K
Cap Rate 7%
$291,429
$291.4K
Cap Rate 9%
$226,667
$226.7K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$35.7K $21.48/SF
− Vacancy
−$8.5K −$5.13/SF
EGI
$27.2K $16.35/SF
− OpEx
−$6.8K −$4.09/SF
NOI
$20.4K $12.26/SF
Area
Medina County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,000
Cap Rate 7%
$291,429
Cap Rate 9%
$226,667
Alternative Uses
Best Use
Office B
$291.4K
$255.0K – $340.0K
NOI $20,400 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated 1,664 SF office building with five private offices, restrooms, kitchenette, and basement/attic storage plus 10 parking spaces.
Where is this office building located?
The property is located at 209 S Broadway St Medina, OH.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,664 SF office building built in 1856, on 0.1475 AC; Updated layout with 5 private offices, 2 restrooms, kitchenette, plus basement/attic storage; Cosmetically updated throughout with a new roof
