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    6750 Wales Rd Northwood, OH 43619

    For Sale
    $24,995,000

    Ohio NNN Lease, 213K SF, 8.08% Cap Rate

    Property size:
    213,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 213,687 square foot Class A medical office building situated on a 21-acre lot in Northwood, Ohio. The property, located at 6750 Wales Rd, 43619, benefits from a highly desirable location within one mile of I-75. Currently operating under a single-tenant, net lease (NNN) agreement with an international credit tenant, this property offers a secure and stable investment. The lease commenced October 31, 2022, and has a remaining term of approximately 7.9 years, expiring October 30, 2032. The building is 100% occupied, generating a substantial net operating income (NOI) of $2,020,824, resulting in an attractive 8.08% cap rate. The asking price is $24,995,000, translating to a price per square foot of $116.97. The property is zoned M2 and comprises three adjoining buildings with a rich history spanning over 55 years. Lease options are available. This is a sale for leaseback opportunity.

    Property Features for 6750 Wales Rd

    General Information

    Property type
    Medical offices
    Square Feet
    213,687 SF
    Class
    A
    Lot Size
    914,760 SF

    HighLights

    • 213,687 SF Class A medical office building on a 21‑acre lot in Northwood, OH.
    • Located at 6750 Wales Rd, 43619, within one mile of I‑75.
    • Single‑tenant, NNN lease with an international credit tenant; 7.9 years remaining (expires 10/30/2032).
    • 100% occupied, generating $2,020,824 NOI and an 8.08% cap rate.
    • Asking price: $24,995,000 ($116.97/SF); M2 zoning; sale‑leaseback opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.5257304
    Latitude
    41.6103521

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    FAQs

    What type of property is this?
    Medical office - Ohio NNN Lease, 213K SF, 8.08% Cap Rate
    Where is this medical office located?
    The property is located at 6750 Wales Rd Northwood, OH.
    What is the asking price?
    The asking price for this property is $24,995,000.
    What are key features of this property?
    This property features: 213,687 SF Class A medical office building on a 21-acre lot in Northwood, OH.; Located at 6750 Wales Rd, 43619, within one mile of I-75.; Single-tenant, NNN lease with an international credit tenant; 7.9 years remaining (expires 10/30/2032).
    Request Owner's contact information
    6750 Wales Rd Northwood, OH 43619
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    Northwood, OH 43619
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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
    6750 Wales Rd Northwood, OH 43619
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