Wadsworth Retail Space For
1143 Williams Reserve Blvd Wadsworth, OH 44281
1143 Williams Reserve Blvd, Wadsworth, OH, 44281
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For Sale
Contact for pricing
45,525 SF retail space with 7.75% CAP rate.
Property Size45,525 SF
Price / SF$112.45
Days on Market614
Property Features for 1143 Williams Reserve Blvd
General Information
- Standard status
- Active
- Size
- 45,525 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Daniel Kukes · License #MI 6502361395
Source
Crexi
Added: Nov 14, 2024 Updated: Jul 6 at 8:33 am Checked: Jul 20 at 4:11 am
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This retail space offers 45,525 square feet. The property is being offered for sale and has a capitalized rate of 7.75%.
Key Highlights
- 7.75% CAP Rate
- Boasting 45,525 SF
- Retail Property
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $267.7k | $5.88 |
| − Vacancy | −$9.6k | −$0.21 |
| EGI | $258.1k | $5.67 |
| − OpEx | −$77.4k | −$1.70 |
| NOI | $180.7k | $3.97 |
45,525 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,673 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.70M
$11.11M – $14.81M
NOI $888,878 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michaels
(Bike/Boat/Book/etc) Store
UPS Access Point ...
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 45,525 SF retail space with 7.75% CAP rate.
Where is this retail space located?
The property is located at 1143 Williams Reserve Blvd Wadsworth, OH.
What is the asking price?
The asking price for this property is $5,119,252.
What are key features of this property?
This property features: 7.75% CAP Rate; Boasting 45,525 SF; Retail Property
