Office/Warehouse with Two-Story
2648 Medina Road Medina, OH 44256
2648 Medina Road, Medina, OH, 44256
Contact for pricing
For Sale
Contact for pricing
Updated office/warehouse building includes dedicated two-story office space and substantial warehouse capacity.
Property Size19,890 SF
Lot Size3.80 Acres
Price / SF$75.41
Days on Market8
Property Features for 2648 Medina Road
General Information
- Standard status
- Active
- Size
- 19,890 SF
- Lot size
- 3.80 Acres
- Property subtype
- Office, Industrial
Listing Agency
Gerspacher Real Estate Group
(330) 241-9309
Listed by
Emily Faust · License #SAL.2021003573
Source
Crexi
Added: Jul 14 Updated: Jul 20 at 2:32 am Checked: Jul 20 at 2:32 am
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 property offers a combined office and warehouse footprint designed to support mixed-use operations. The building includes 8,280 SF of office space and 11,610 SF of warehouse space. Office space is split between the first floor and second floor, with 6,480 SF on the first floor and 1,800 SF on the second floor. The office area includes built-out space within the warehouse that could potentially be removed to create additional warehouse capacity, increasing warehouse space to 16,410 SF.
The property is located at 2648 Medina Road in Sharon Township and is described as highly visible from Route 18. Improvements were completed in 2015, with approximately $425,000 in updates noted, including new office construction, roof work (2015 and 2019), four rooftop A/C units, furnaces, concrete entrances, siding, and drive-in and dock doors. The rear of the property provides potential for expansion of building and/or yard space.
The site comprises 3.80 acres and is positioned to accommodate both office functions and warehousing needs within one facility.
The property is located at 2648 Medina Road in Sharon Township and is described as highly visible from Route 18. Improvements were completed in 2015, with approximately $425,000 in updates noted, including new office construction, roof work (2015 and 2019), four rooftop A/C units, furnaces, concrete entrances, siding, and drive-in and dock doors. The rear of the property provides potential for expansion of building and/or yard space.
The site comprises 3.80 acres and is positioned to accommodate both office functions and warehousing needs within one facility.
Key Highlights
- 19,890 SF office/warehouse building on 3.80 acres in Sharon Township at 2648 Medina Road
- Space split includes 8,280 SF office and 11,610 SF warehouse capacity
- Dedicated office: 6,480 SF on the first floor and 1,800 SF on the second floor
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Backyard Buildings & More
Construction Company
KM Processing
Financial Advisor
MAL Network Engineering ...
Business Networking Company
48 Hour Pump ...
Auto Repair Shop
Showroom Solutions Plus ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Updated office/warehouse building includes dedicated two-story office space and substantial warehouse capacity.
Where is this flex space located?
The property is located at 2648 Medina Road 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; Space split includes 8,280 SF office and 11,610 SF warehouse capacity; Dedicated office: 6,480 SF on the first floor and 1,800 SF on the second floor
