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    1143 Williams Reserve Blvd Wadsworth, OH 44281

    Sponsored
    For Sale
    $5,119,252

    High-Yield Retail Center in Ohio

    Property size:
    45,525 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 45,525-square-foot shopping center, located at 1143 Williams Reserve Blvd in Wadsworth, Ohio (Medina County, zip code 44281), presents a compelling investment opportunity. Boasting a 100% occupancy rate, the property features three prominent national tenants: Michaels, Ulta, and Five Below, ensuring a stable and diverse income stream. Built in 2006 and recently renovated in 2023, this single-story, one-building center sits on a 4.95-acre lot and offers low maintenance costs. The strong tenant lineup, combined with the attractive demographics and growing consumer base of Wadsworth, Ohio, contributes to a robust net operating income (NOI) of $396,742, resulting in a desirable 7.75% capitalization rate. The asking price for this exceptional retail investment is $5,119,252. This property represents a rare opportunity to acquire a high-performing, well-maintained shopping center in a thriving market. The center's strategic location and strong tenant mix provide significant long-term growth potential and economic stability. The property's recent renovation minimizes immediate capital expenditure needs, allowing for immediate cash flow generation. This is an ideal investment for those seeking a stable, high-yield retail asset with significant upside potential.

    Property Features for 1143 Williams Reserve Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    45,525 SF
    Lot Size
    215,622 SF

    Building Details

    Year Built/Renovated
    2006/2023
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • 45,525 SF shopping center in Wadsworth, OH (Medina County) with Michaels, Ulta, and Five Below as tenants.
    • 100% occupancy with a diverse, high‑performing tenant mix.
    • Strong demographics and a growing consumer base in Wadsworth, OH.
    • Single‑story building on a 4.95‑acre lot, recently renovated (2023) with low maintenance costs.
    • 7.75% capitalization rate and $396,742 NOI; asking price $5,119,252.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michaels Craft Store UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Medina
    State
    Ohio
    Longitude
    -81.6917547
    Latitude
    41.0403062

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Center in Ohio
    Where is this lifestyle center 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: 45,525 SF shopping center in Wadsworth, OH (Medina County) with Michaels, Ulta, and Five Below as tenants.; 100% occupancy with a diverse, high-performing tenant mix.; Strong demographics and a growing consumer base in Wadsworth, OH.
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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
    1143 Williams Reserve Blvd Wadsworth, OH 44281
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