Medical Office Building with Two
4481-4483 Weymouth Rd, Medina, OH 44256
For Sale
Contact for pricing
Flexible medical layout with exam rooms, waiting space, and a separate residential-style suite.
Property Size5,016 SF
Price / SF$239.23
Days on Market85
Property Features for 4481-4483 Weymouth Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Utilities to Site
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Morgan Faunce · License #OH2006007013
(330) 241-9309
Source:
Moodyscre
Added: Aug 17
Changed: Nov 6
Last Checked: Nov 8 at 3:45AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$61,495
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
