Freestanding Automotive Service
For Sale
Contact for pricing
921 Broad Street, Wadsworth, OH 44281
Automotive service facility on 0.45 acres near downtown Wadsworth.
Property Size2,880 SF
Lot Size0.45 Acres
Price / SF$97.22
Days on Market161
Property Features for 921 Broad Street
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.45 Acres
Property subtype
Industrial
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Tim Shalala · License #OH1384
Source:
Crexi
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 17 at 4:15PM
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
Investment Insights
Based on property information with market context.
This freestanding automotive service facility is suitable for a service-based small business. Situated on approximately 0.45 acres, the property provides ample parking with lots at the front and rear of the building. The structure includes a main front office and one ADA-compliant restroom. It features two vehicle service lanes equipped with trench drains and three 9' x 9' overhead doors. The warehouse area is heated by two Reznor heaters, and the building is equipped with 3-Phase electrical power. Located in southeastern Medina County, the property is 1.5 miles from Downtown Wadsworth, within the heavy commercial district of Wadsworth (C-3 Intensive Commercial District), which allows for a variety of industrial uses. The property is approximately 2.5 miles from I-76/224 and approximately 4 miles from I-77. The property size is 2,880 square feet.
Key Highlights
- Freestanding automotive service facility ideal for service‑based small businesses.
- Located in Wadsworth's C‑3 Intensive Commercial District, allowing for a variety of industrial uses.
- Ample parking with lots at the front and rear.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,600
$228.6K
Cap Rate 7%
$163,286
$163.3K
Cap Rate 9%
$127,000
$127.0K
Market Conditions
NOI Build-Up for 2,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.9K $5.88/SF
− Vacancy
−$606 −$0.21/SF
EGI
$16.3K $5.67/SF
− OpEx
−$4.9K −$1.70/SF
NOI
$11.4K $3.97/SF
Area
Medina County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,600
Cap Rate 7%
$163,286
Cap Rate 9%
$127,000
Alternative Uses
Best Use
Retail
$163.3K
$142.9K – $190.5K
NOI $11,430 @ 7.0% cap · market cap 4.08%
Second Best
Industrial
$153.4K
$134.2K – $178.9K
NOI $10,735 @ 7.0% cap · market cap 3.83%
Theoretical Best
Specialty Retail
$803.3K
$702.9K – $937.2K
NOI $56,232 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- J.R.G. Tire Sales Inc. — 927 Broad, Wadsworth, OH 44281
- Caliber Collision — 976 Broad, Wadsworth, OH 44281
- Silvercreek Repair — 125 Silvercreek Rd, Wadsworth, OH 44281
- Collision Repair Center - Serpentini Chevrolet of Medina — 860 Broad, Wadsworth, OH 44281
- Quality Reproductions (dba Fine Lines) — 127 Hartman Rd, Wadsworth, OH 44281
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service facility on 0.45 acres near downtown Wadsworth.
Where is this auto shop located?
The property is located at 921 Broad Street Wadsworth, OH.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Freestanding automotive service facility ideal for service‑based small businesses.; Located in Wadsworth's C‑3 Intensive Commercial District, allowing for a variety of industrial uses.; Ample parking with lots at the front and rear.
