Cosmetically Updated Office
209 S Broadway St Medina, OH 44256
New
For Sale
Contact for pricing
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$299.88
Days on Market6
Property Features for 209 S Broadway St
General Information
Standard status
Active
Size
1,664 SF
Lot size
0.15 Acres
Property subtype
OFFICE
Listing Agency:
Gerspacher Real Estate Group
(330) 634-5289
Listed By:
Sam Tecca
(330) 634-5289
Source:
Moodyscre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 28 at 12:48PM
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 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 For Office B
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 | $35.7k | $21.48 |
| − Vacancy | −$8.5k | −$5.13 |
| EGI | $27.2k | $16.35 |
| − OpEx | −$6.8k | −$4.09 |
| NOI | $20.4k | $12.26 |
1,664 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$291.4K
$255.0K – $340.0K
NOI $20,400 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $499,000.
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
