Medical Office
665 Briarthorn Crescent Drive, Wadsworth, OH 44281
For Sale
Contact for pricing
The building is leased to MyEyeDr under a new five-year lease.
Property Size3,895 SF
Price / SF$192.30
Days on Market18
Property Features for 665 Briarthorn Crescent Drive
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Owner Occupied
Listing Agency:
CBRE - Cleveland
Listed By:
Mike Petrigan · License #OH SAL.0000435412
(216) 695-6356
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 4:00PM
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 CBRE - Cleveland
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Investment Insights
Based on property information with market context.
This 3,895-square-foot medical office building at 665 Briarthorn Crescent Drive in Wadsworth, Ohio, is leased to MyEyeDr. The lease is described as new and includes a five-year term with two additional five-year extensions through 2041.
The offering is identified as a national-tenant investment sale with an 8% cap rate.
The offering is identified as a national-tenant investment sale with an 8% cap rate.
Key Highlights
- 3,895‑square‑foot medical office building
- Leased to MyEyeDr
- New five‑year lease with two five‑year extensions through 2041
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,752
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,040
$955.0K
Cap Rate 7%
$682,171
$682.2K
Cap Rate 9%
$530,578
$530.6K
Market Conditions
NOI Build-Up for 3,895 SF
Gross rent
$83.7K $21.48/SF
− Vacancy
−$20.0K −$5.13/SF
EGI
$63.7K $16.35/SF
− OpEx
−$15.9K −$4.09/SF
NOI
$47.8K $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%
$955,040
Cap Rate 7%
$682,171
Cap Rate 9%
$530,578
Alternative Uses
Best Use
Office B
$682.2K
$596.9K – $795.9K
NOI $47,752 @ 7.0% cap · market cap 6.38%
Second Best
Healthcare Medical
$211.1K
$184.7K – $246.3K
NOI $14,776 @ 7.0% cap · market cap 1.97%
Theoretical Best
Specialty Retail
$1.09M
$950.6K – $1.27M
NOI $76,050 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The building is leased to MyEyeDr under a new five-year lease.
Where is this medical office space located?
The property is located at 665 Briarthorn Crescent Drive Wadsworth, OH.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,895‑square‑foot medical office building; Leased to MyEyeDr; New five‑year lease with two five‑year extensions through 2041
