Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5949 Wooster Pike Medina, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.75 acres of divisible commercial land for lease.

    Type:LAND
    Lot size:
    8.75 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    237
    Last Refresh:
    Apr 5 at 10:43 pm

    Property Features for 5949 Wooster Pike

    General Information

    Standard status
    Active
    Lot size
    8.75 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Deborah Maggard
    Deborah Maggard

    Listing agent Deborah Maggard

    Listing office NAI Pleasant Valley - Independence

    Listing date Sep 3, 2025

    Source Moodyscre

    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 NAI Pleasant Valley - Independence

    Overview

    Wooster Pike Commercial Land Available

    This 8.75-acre commercial land parcel is available for lease and can be divided into 2-acre parcels. The site is located on Wooster Pike Road, near a Discount Drug Mart. Options include a small strip shopping center, ground lease, build-to-suit, or purchase. The property offers convenient access to the I-71/SR 3 interchange and is in close proximity to Medina retail.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8616
    Latitude
    41.1123

    Nearby Similar for Sale

    • $2,000,000

      Medina Office/Warehouse Space Available

      Office and warehouse space for sale or lease in Medina.
      2425 Medina Road, Medina, OH 44256
      View Details
    • $500,000

      Prime Medina Development Opportunity

      6.78 acres near the heart of Medina, Ohio.
      Progress Drive, Medina, OH 44256
      View Details
    • $425,000

      Medina, OH Vacant Land

      3.5-acre lot in Sharon Township, perfect for custom home.
      246 Ridgewood Road, Medina, OH 44256
      View Details
    • $399,900

      Scenic Vacant Lot in Medina

      5.04 acre vacant lot ready for your dream home.
      6697 BONETA ROAD, MEDINA, OH 44256
      View Details
    • $495,000

      Versatile Land with Pole Barn

      15-acre Medina, OH property with pole barn and farmland.
      6216 Spieth Road, Medina, OH 44256
      View Details
    • $220,000

      Land in Bonnie Glen Estates

      2.19 acre lot in luxury single family subdivision.
      6027 Macdougall Lane, Sharon, OH 44256
      View Details
    • $285,000

      10-Acre Homesite in Medina, OH

      Rare 10-acre lot in Highland School District, Medina, OH.
      V/L Granger Road, Medina, OH 44256
      View Details
    • $275,000

      Medina Township Buildable Wooded Acreage

      Rare 5.91 acre wooded lot in Medina Township.
      Foskett Road, Medina, OH 44256
      View Details
    • $155,000

      Medina, OH 2.51-Acre Lot

      2.51-acre lot in Medina County to build your dream home.
      3790 Station Road, Medina, OH 44256
      View Details
    • $349,000
      2 SF

      2.55 Acres of Commercial Land

      2.55 acres of land with great access to highways.
      4926 Fenn Road, Medina, OH, 44256
      View Details
    • Contact for pricing

      Meineke Car Care Center Investment

      NNN leased Meineke Car Care Center in Medina, Ohio.
      4868 Ledgewood Dr, Medina, OH 44256
      View Details
    • $12,000

      Vacant Land in Medina, Ohio

      Vacant land parcel available in Medina, Ohio.
      Old Weymouth Road, Medina, OH 44256
      View Details

    FAQs

    What type of property is this?
    Land - 8.75 acres of divisible commercial land for lease.
    Where is this land located?
    The property is located at 5949 Wooster Pike Medina, OH.
    What are key features of this property?
    This property features: Located next to a busy Discount Drug Mart on Wooster Pike Rd; 8.75 acres available, divisible to 2‑acre parcels; Options for small strip shopping center, ground lease, build to suite, or purchase
    (216) 496-3777 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Deborah Maggard
    Deborah Maggard
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!