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    3900 Pearl Rd Medina, OH 44256

    Sponsored
    For Sale
    $1,500,000

    13,380 SF, $1.5M, High Growth Area

    Property size:
    13,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents three single-story commercial buildings totaling 13,380 square feet situated on a 2.04-acre lot at 3900 Pearl Rd in Medina, Ohio (APN: 02606C07269). The property, classified as Class B, offers a blend of retail and office space currently at 50% occupancy. Built in 1963 and renovated in 1996, the buildings are well-maintained and present a solid foundation for immediate income and future growth. The lease type is gross, simplifying management and providing a predictable income stream. The single tenancy structure offers streamlined operations. The property's location in Medina, Ohio, 44256, provides excellent access to a thriving community and strong consumer base. The strategic location on Pearl Road ensures high visibility and accessibility for businesses. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant upside potential in a desirable Ohio market. The property's size and layout offer flexibility for a variety of uses, allowing for potential expansion or redevelopment to meet evolving market demands. The asking price is $1,500,000.

    Property Features for 3900 Pearl Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,380 SF
    Class
    B
    Lot Size
    88,862 SF

    Building Details

    Year Built/Renovated
    1963/1996
    Buildings
    3
    Stories
    1

    HighLights

    • $1,500,000 asking price.
    • 13,380 square foot retail and office property.
    • Class B building with gross lease.
    • Single tenant occupancy at 50%.
    • Built in 1963, renovated in 1996.
    • Three one‑story buildings on a 2.04‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8624414
    Latitude
    41.1687396

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    FAQs

    What type of property is this?
    Office Property / Space - 13,380 SF, $1.5M, High Growth Area
    Where is this office property / space located?
    The property is located at 3900 Pearl Rd Medina, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 13,380 square foot retail and office property.; Class B building with gross lease.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    3900 Pearl Rd Medina, OH 44256
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