Medical Office Building with Two
For Sale
Contact for pricing
4481-4483 Weymouth Rd, Medina, OH 44256
Flexible medical layout with exam rooms, waiting space, and a separate residential-style suite.
Property Size5,016 SF
Price / SF$239.23
Days on Market39
Property Features for 4481-4483 Weymouth Rd
General Information
Standard status
Active
Size
5,016 SF
Total Parking Spaces
20
Property subtype
OFFICE
Zoning
LB
Additional Details
Utilities to Site
Yes
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Morgan Faunce · License #OH2006007013
(330) 241-9309
Source:
Moodyscre
Added: Aug 17
Changed: Sep 18
Last Checked: Sep 22 at 10:04PM
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 5,016 SF medical office property includes two distinct suites. The 4,106 SF suite features a reception area, nine office or exam rooms, a large waiting area, two restrooms, and storage. The 910 SF companion suite contains a living area, kitchen, one bedroom, and one bathroom. City water and sewer serve the property, with approximately 20 parking spaces available.
Located at 4481-4483 Weymouth Rd in Medina, Ohio, the property carries LB—Limited Business zoning. The two-suite configuration combines a dedicated medical office layout with a smaller suite offering residential-style rooms and amenities.
Located at 4481-4483 Weymouth Rd in Medina, Ohio, the property carries LB—Limited Business zoning. The two-suite configuration combines a dedicated medical office layout with a smaller suite offering residential-style rooms and amenities.
Key Highlights
- 5,016 SF medical office property with two separate suites
- 4,106 SF suite includes reception, 9 office/exam rooms, waiting area, 2 restrooms, and storage
- 910 SF suite includes living area, kitchen, 1 bedroom, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,495
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,900
$1.2M
Cap Rate 7%
$878,500
$878.5K
Cap Rate 9%
$683,278
$683.3K
Market Conditions
NOI Build-Up for 5,016 SF
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.
Gross rent
$107.7K $21.48/SF
− Vacancy
−$25.8K −$5.13/SF
EGI
$82.0K $16.35/SF
− OpEx
−$20.5K −$4.09/SF
NOI
$61.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,900
Cap Rate 7%
$878,500
Cap Rate 9%
$683,278
Alternative Uses
Best Use
Office B
$878.5K
$768.7K – $1.02M
NOI $61,495 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$271.8K
$237.9K – $317.2K
NOI $19,029 @ 7.0% cap · market cap 1.59%
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,938 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Balanced
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?
Medical Office Space - Flexible medical layout with exam rooms, waiting space, and a separate residential-style suite.
Where is this medical office space located?
The property is located at 4481-4483 Weymouth Rd Medina, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,016 SF medical office property with two separate suites; 4,106 SF suite includes reception, 9 office/exam rooms, waiting area, 2 restrooms, and storage; 910 SF suite includes living area, kitchen, 1 bedroom, and 1 bathroom
