Office Warehouse with Two-Story
New
For Sale
Contact for pricing
2648 Medina Rd, Medina, OH 44256
Combined office and warehouse building with dedicated two-story office space and multiple drive-in and dock doors.
Property Size19,890 SF
Lot Size3.80 Acres
Price / SF$75.41
Days on Market7
Property Features for 2648 Medina Rd
General Information
Standard status
Active
Size
19,890 SF
Lot size
3.80 Acres
Property subtype
INDUSTRIAL
Building Details
Year Renovated
2015
Listing Agency:
Gerspacher Real Estate Group
(412) 956-0066
Listed By:
Emily Faust · License #OH2006007013
(412) 956-0066
Source:
Moodyscre
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 26 at 11:04PM
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 office/warehouse facility offers 19,890 SF of combined office and warehouse space on 3.80 acres in Sharon Township. The building includes 8,280 SF of office space and 11,610 SF of warehouse space, with 6,480 SF of office on the first floor and 1,800 SF on the second floor. Office space within the front portion of the warehouse totals 4,800 SF and could be demolished to create approximately 16,410 SF of warehouse area.
Improvements were completed in 2015, with approximately $425,000 invested, including new office construction, roof updates in 2015 and 2019, four rooftop A/C units, furnaces, concrete entrances, siding, and drive-in and dock doors. The property is described as highly visible from Route 18 and also offers potential for expansion of the building and/or yard in the rear of the site.
Improvements were completed in 2015, with approximately $425,000 invested, including new office construction, roof updates in 2015 and 2019, four rooftop A/C units, furnaces, concrete entrances, siding, and drive-in and dock doors. The property is described as highly visible from Route 18 and also offers potential for expansion of the building and/or yard in the rear of the site.
Key Highlights
- 19,890 SF office/warehouse building on 3.80 acres in Sharon Township at 2648 Medina Road
- 8,280 SF office plus 11,610 SF warehouse; includes 1,800 SF of office on the second floor
- First‑floor office totals 6,480 SF (1,680 SF in front building + 4,800 SF built out within the warehouse)
Financial Insights For Warehouse
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 | $110.8k | $5.57 |
| − Vacancy | −$4.9k | −$0.25 |
| EGI | $105.9k | $5.32 |
| − OpEx | −$15.9k | −$0.80 |
| NOI | $90.0k | $4.53 |
19,890 SF · lease $5.57/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.06M
NOI $243,846 @ 7.0% cap · market cap 16.26%
Second Best
Warehouse
$1.29M
$1.13M – $1.50M
NOI $90,026 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$5.55M
$4.85M – $6.47M
NOI $388,353 @ 7.0% cap · market cap 25.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse building with dedicated two-story office space and multiple drive-in and dock doors.
Where is this flex space located?
The property is located at 2648 Medina Rd Medina, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 19,890 SF office/warehouse building on 3.80 acres in Sharon Township at 2648 Medina Road; 8,280 SF office plus 11,610 SF warehouse; includes 1,800 SF of office on the second floor; First‑floor office totals 6,480 SF (1,680 SF in front building + 4,800 SF built out within the warehouse)
