Updated Office
229 Leatherman Road, Wadsworth, OH 44281
For Sale
$369,900
CommercialSale, Wadsworth, OH
Property Size1,577 SF
Lot Size0.53 Acres
Price / SF$234.56
Days on Market98
Property Features for 229 Leatherman Road
General Information
Property type
Property subtype
Parking features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
break/kitchen room
updated landscaping
Building Details
Year built
Roof type
Buildings
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Zachery S Rollins · License #2013004259
(330) 591-1289
Added: Aug 2
Changed: Oct 29
Last Checked: Nov 7 at 9:06PM
MLS# 5233182
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1577-square-foot office property includes several offices, two restrooms, and a dedicated break/kitchen room. The layout can accommodate a larger team or be divided into multiple rental units. Improvements include a replaced roof, updated electrical and plumbing systems, a newer furnace and AC, refreshed flooring and paint, and updated landscaping. Heating is provided by forced air with natural gas, while central air conditioning serves the building.
The property occupies 0.528 acres at 229 Leatherman Road in Wadsworth, Ohio. A parking lot provides space for 10+ vehicles. Public water and public sewer serve the site, and the building was constructed in 1977.
The property occupies 0.528 acres at 229 Leatherman Road in Wadsworth, Ohio. A parking lot provides space for 10+ vehicles. Public water and public sewer serve the site, and the building was constructed in 1977.
Key Highlights
- 1577‑square‑foot office building on 0.528 acres
- Several offices, two restrooms, and a break/kitchen room
- Parking lot accommodates 10+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,334
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,680
$386.7K
Cap Rate 7%
$276,200
$276.2K
Cap Rate 9%
$214,822
$214.8K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$33.9K $21.48/SF
− Vacancy
−$8.1K −$5.13/SF
EGI
$25.8K $16.35/SF
− OpEx
−$6.4K −$4.09/SF
NOI
$19.3K $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%
$386,680
Cap Rate 7%
$276,200
Cap Rate 9%
$214,822
Alternative Uses
Best Use
Office B
$276.2K
$241.7K – $322.2K
NOI $19,334 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multiple offices, two restrooms, and a break/kitchen room support varied workplace configurations.
Where is this office building located?
The property is located at 229 Leatherman Road Wadsworth, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1577‑square‑foot office building on 0.528 acres; Several offices, two restrooms, and a break/kitchen room; Parking lot accommodates 10+ vehicles
