Listing Agency: CBRE | Akron Show Phone

Listed By: Steve Lazarides · License #SAL.2002717 Show Phone

Source: Moodyscre

Added: May 3, 2025 Changed: Oct 3 Last Checked: Oct 14 at 11:57PM

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Investment Insights

Based on property information with market context.

The property is a 26,284-square-foot distribution center at 478 Corporate Pkwy in Wadsworth, Ohio. Package-handling equipment remains with the facility, supporting its continued use for distribution and warehouse operations.

Key Highlights

• 26,284‑square‑foot distribution center
• Package‑handling equipment remains in place
• Located at 478 Corporate Pkwy, Wadsworth, OH 44281

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,966

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,379,320 $2.4M

Cap Rate 7%

$1,699,514 $1.7M

Cap Rate 9%

$1,321,844 $1.3M

Market Conditions

NOI Build-Up for 26,284 SF

Gross rent

$146.4K $5.57/SF

− Vacancy

−$6.4K −$0.25/SF

EGI

$140.0K $5.32/SF

− OpEx

−$21.0K −$0.80/SF

NOI

$119.0K $4.53/SF

Area

Medina County, OH

Vacancy

4.40%

Lease Rate

$5.57 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,379,320

Cap Rate 7%

$1,699,514

Cap Rate 9%

$1,321,844

Alternative Uses

Best Use

Warehouse

$1.70M

$1.49M – $1.98M (±1% cap)

NOI $118,966 @ 7.0% cap · market cap 6.80%

Second Best

Industrial

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,972 @ 7.0% cap · market cap 5.60%

Theoretical Best

Specialty Retail

$7.33M

$6.41M – $8.55M (±1% cap)

NOI $513,196 @ 7.0% cap · market cap 29.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

UPS Customer Center Courier Service

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Pharmacy Nail Salon Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this distribution centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Distribution center - Industrial facility with package-handling equipment in place.

Where is this distribution center located?

The property is located at 478 Corporate Pkwy Wadsworth, OH.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 26,284‑square‑foot distribution center; Package‑handling equipment remains in place; Located at 478 Corporate Pkwy, Wadsworth, OH 44281