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

    201 Great Oaks Trl Wadsworth, OH 44281

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

    57,474 SF retail plaza in a growing Ohio area.

    Type:Retail
    Property size:
    57,474 SF
    Added:
    Jun 16, 2024
    Days on Market:
    672
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 201 Great Oaks Trl

    General Information

    Standard status
    Active
    Size
    57,474 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Jerry Fiume, SIOR, CCIM

    Listing agent Jerry Fiume, SIOR, CCIM License #OH BRK.2016004253

    Listing office SVN Summit Commercial Real Estate Advisors

    Listing date Jun 16, 2024

    Source Crexi

    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 SVN Summit Commercial Real Estate Advisors

    Overview

    Wadsworth Retail Plaza For Sale

    Great Oaks Plaza is a 57,474 sq ft retail and storage unit plaza located in Wadsworth, Ohio. The plaza is positioned near the interchange of Interstate 76 and State Route 94. The property is anchored by an adjacent Buehler's Fresh Food Grocery Store. The surrounding area has experienced retail growth.
    Location Intelligence

    Current Use by Public Records

    Advanced Performance Fitness Gym & Fitness Center Holistic Wellness Buddy Physician Advanced Health & Wellness Alternative Medicine Practice Advanced Health & Wellness ... Alternative Medicine Practice Leah Kline Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Medina
    State
    Ohio
    Longitude
    -81.7321498
    Latitude
    41.0474295

    Nearby Similar for Sale

    • $4,250,000
      74,075 SF

      Wadsworth Commercial Asset with Upside

      Versatile commercial property with retail, office, and self-storage components.
      201-251 Great Oaks Trail , Wadsworth, OH 44281
      View Details
    • $139,000

      Land For Sale, Wadsworth, OH

      Land available for purchase in Wadsworth, Ohio.
      V/L Hartman Road, Wadsworth, OH 44281
      View Details
    • $4,250,000
      74,075 SF

      Versatile Commercial Asset in Wadsworth

      Retail, office, and self-storage property with income and upside potential.
      201-251 Great Oaks Trail , Wadsworth, OH 44281
      View Details
    • $799,500
      6,760 SF

      Retail Building with Arcade

      6,760 SF retail building with two units in Wadsworth, OH.
      129 Broad St, Wadsworth, OH
      View Details
    • $290,000
      2,880 SF

      Freestanding Automotive Service Facility

      Automotive service facility on 0.45 acres near downtown Wadsworth.
      921 Broad Street, Wadsworth, OH 44281
      View Details
    • $3,505,000
      11,335 SF

      Wadsworth Medical Asset For Sale

      High-visibility medical asset in growing Medina County community.
      780 High St, Wadsworth, OH 44281
      View Details
    • $225,000
      2,520 SF

      New Industrial Building For Sale

      Two-story industrial building with flexible I-2 zoning.
      168 Auble St, Wadsworth, OH
      View Details
    • $7,995,000
      130,000 SF

      Wadsworth Industrial Facility For Sale

      130,000 sq ft industrial facility in Wolf Creek Industrial Park.
      1475 Wolf Creek Trail, Wadsworth, OH 44281
      View Details
    • $325,000
      1,001,881 SF

      164 High Street

      Mixed-use property with remodeled office, expansion potential, and private parking.
      164 High Street , Wadsworth, OH 44281, Wadsworth, OH 44281
      View Details
    • $5,844,000
      30,248 SF

      Wadsworth Office Building For Sale

      Office building with 30,248 square feet of space.
      165 Smokerise Dr, Wadsworth, OH
      View Details
    • $1,500,000
      26,284 SF

      Wadsworth Warehouse with Equipment

      26,284 SF warehouse in Wadsworth, Ohio with equipment.
      478 Corporate Pkwy, Wadsworth, OH
      View Details
    • $1,600,000
      16,800 SF

      Fully Leased Wadsworth Warehouse Investment

      16,800 SF industrial warehouse, 100% leased, great highway access.
      2241 Pinnacle Pkwy, Wadsworth, OH
      View Details

    FAQs

    What type of property is this?
    Shopping center - 57,474 SF retail plaza in a growing Ohio area.
    Where is this shopping center located?
    The property is located at 201 Great Oaks Trl Wadsworth, OH.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: 57,474 sq ft retail/storage unit plaza.; Located in the fast‑growing area of Wadsworth, Ohio.; Anchored by adjacent Buehler's Fresh Food Grocery Store.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jerry Fiume, SIOR, CCIM
    Real Estate License ID: OH BRK.2016004253
    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!