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    1909 Williamsburg Way Louisville, OH 44641

    Sponsored
    For Sale
    $1,900,000

    High-yield medical office building, NNN lease.

    Property size:
    11,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 11,448 square foot, single-story Class B medical office building located at 1909 Williamsburg Way, Louisville, OH 44641. The property, built in 2002 and situated on a B5 zoned lot (APN 3605444), boasts a 7.02% cap rate and a strong net operating income (NOI) of $133,400. Currently 100% occupied by three tenants under a triple-net (NNN) lease with Aultman Health Foundation, the lease extends to January 1, 2043, providing long-term stability and predictable cash flow. The building offers modern amenities and ample parking, strategically located with easy access to major highways, making it highly attractive to both patients and medical providers. This multi-tenant property represents a secure and lucrative investment opportunity in a growing healthcare market. The asking price is $1,900,000.

    Property Features for 1909 Williamsburg Way

    General Information

    Property type
    Medical offices
    Square Feet
    11,448 SF
    Class
    B

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Exceptional investment opportunity with a long‑term lease to Aultman Health Foundation.
    • 11,448 SF single‑story Class B medical office building, built in 2002, on a B5 zoned lot (APN 3605444) in Louisville, OH.
    • Triple‑net (NNN) lease with a 7.02% cap rate and $133,400 NOI.
    • Currently 100% occupied, with lease extending to January 1, 2043 (with option).
    • Prime location on Rt 62 and California Blvd, offering easy access to Louisville, Alliance, and Canton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Stark
    State
    Ohio
    Longitude
    -81.278689711151
    Latitude
    40.8498626824

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office building, NNN lease.
    Where is this medical office located?
    The property is located at 1909 Williamsburg Way Louisville, OH.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity with a long-term lease to Aultman Health Foundation.; 11,448 SF single-story Class B medical office building, built in 2002, on a B5 zoned lot (APN 3605444) in Louisville, OH.; Triple-net (NNN) lease with a 7.02% cap rate and $133,400 NOI.
    Request Owner's contact information
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    Louisville, OH 44641
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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
    1909 Williamsburg Way Louisville, OH 44641
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