Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Twinsburg Industrial Park Land Title is generated by Realmo AI

    Enterprise Parkway, Twinsburg, OH 44087

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    4.9 acre industrial land in Twinsburg Industrial Park.

    Type:Industrial, Land
    Property size:
    52,000 SF
    Lot size:
    4.90 Acres
    Added:
    Nov 16, 2024
    Days on Market:
    561
    Last Refresh:
    May 12 at 10:37 pm

    Property Features for Enterprise Parkway

    General Information

    Standard status
    Active
    Size
    52,000 SF
    Lot size
    4.90 Acres
    Property subtype
    Industrial, Land

    We can help!

    Listing Contact
    Joe Warren
    Joe Warren

    Listing agent Joe Warren License #SAL.2023001125

    Listing office JLL - Cleveland, Ohio

    Listing date Nov 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 JLL - Cleveland, Ohio

    HighLights

    • 4.9 Acres of land available
    • Zoning: I‑1 Industrial
    • Utilities available to the site
    • Located in Twinsburg Industrial Park
    • Address: Enterprise Parkway
    • Located in Twinsburg, OH 44087

    Overview

    Located in Twinsburg Industrial Park, this 4.9-acre parcel of land is zoned I-1 Industrial. Utilities are available to the site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4549976
    Latitude
    41.29161

    Nearby Similar for Sale

    • $144,900
      9,891 SF

      Twinsburg Commercial Land For Sale

      1.95 acre commercial site with high visibility and frontage.
      34 E Aurora Road, Twinsburg, OH 44087
      View Details
    • $1,050,000
      8,660 SF

      Twinsburg Office Building For Sale

      8,660 SF office building with existing rental income.
      2285 E Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • $3,450,000
      32,180 SF

      Twinsburg Business Park For Sale

      Three-building business park in Twinsburg, Ohio, totaling 32,180 SF.
      8054 Darrow Rd, Twinsburg, OH 44087
      View Details
    • $1,600,000
      11 SF

      11.33 AC Development Site

      Signalized site near Cornerstone Business Park and retail corridors.
      1876 East Aurora Road, Twinsburg, OH, 44087
      View Details
    • $9,697,350
      115,532 SF

      Retail Center with Stable Occupancy

      Retail property for sale featuring a strong tenant lineup.
      10735-10755 Ravenna Rd, Twinsburg, OH 44087
      View Details
    • $1,050,000
      8,660 SF

      Twinsburg Office Building For Sale

      8,660 SF office building with tenant in place.
      2285 E Enterprise Pkwy, Twinsburg, OH
      View Details
    • $95,000

      Land in Twinsburg, Ohio

      Residential land available in Twinsburg, Ohio for building a home.
      2048 Buchtel Street, Twinsburg, OH 44087
      View Details
    • $1,100,000
      13,297 SF

      Twinsburg Office Condo For Sale

      13,297 SF office condo in Twinsburg's business district.
      2351 Edison Blvd, Twinsburg, OH
      View Details
    • $9,697,500
      115,532 SF

      Fully Occupied Twinsburg Retail Plaza

      Multi-tenant retail center in Twinsburg, Ohio with stable cashflow.
      10735 Ravenna Rd, Twinsburg, OH 44087
      View Details
    • $265,000
      1 SF

      Land Near I-480

      One acre of land with highway access and utilities.
      Creekside Drive, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      14,572 SF

      Class A Office Building

      Modern, fully occupied office building near highway access.
      8948 Canyon Falls Boulevard, Twinsburg, OH
      View Details
    • $179,500
      1,860 SF

      Twinsburg Office/Flex Condo For Sale

      1,860 SF office/flex condo in Twinsburg business park.
      Enterprise B-4 Pkwy 2240-2254, Twinsburg, OH
      View Details

    FAQs

    What type of property is this?
    Industrial land - 4.9 acre industrial land in Twinsburg Industrial Park.
    Where is this industrial land located?
    The property is located at Enterprise Parkway Twinsburg, OH.
    What are key features of this property?
    This property features: 4.9 Acres of land available; Zoning: I‑1 Industrial; Utilities available to the site
    (216) 861-7171 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Warren
    Joe Warren
    Real Estate License ID: SAL.2023001125
    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

    Thank You for Inquiry
    Enterprise Parkway, Twinsburg, OH 44087
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!