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    1093 Medina Rd Medina, OH 44256
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    1093 Medina Rd, Medina, OH 44256

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    • Warehouses
    • 190,672 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dorman Legacy Advisors / Financial Advisor
    • Convergint / Security Service
    • Pleasant Valley Corporation / Construction Company
    • Jamesway Chick Master Incubator Co. / Big Box & Wholesale Store
    • NAI Pleasant Valley Commercial Real Estate - Medina Office / Real Estate Agency

    Property Details for 1093 Medina Rd

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional Class A warehouse, located at 1093 Medina Road in Medina, Ohio, presents a unique leasing opportunity. Boasting a total of 190,672 square feet across a single story, this multi-tenant property sits on a substantial 41.4-acre lot. Currently, 5,000 square feet of warehouse space is immediately available for lease. The property is categorized as both Office and Industrial, offering versatile usage potential. Its prime location in Medina County, Ohio, with a zip code of 44256, provides excellent access to transportation networks and a thriving business community. The building's classification as Class A signifies its high-quality construction and modern amenities. This is an ideal space for businesses seeking efficient and spacious warehouse facilities in a desirable location. The ample lot size offers significant potential for expansion or future development. Interested parties are encouraged to inquire about lease terms and availability for this exceptional Medina County warehouse. The property is easily accessible via its Medina Road address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.7266
    Latitude
    41.137

    Comparable in this City

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      211 Commerce Dr

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      2211 Medina Rd

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      Smith Rd

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      1170 Industrial Pkwy

      DISTRIBUTION WAREHOUSE
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      100,000 SF

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      Medina Office/Warehouse Space Available

      Office and warehouse space for sale or lease in Medina.
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      100,000 SF

      Medina Industrial Property For Sale

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      High Visibility Corner Commercial Property

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      Medina Industrial Property For Sale

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    Similar Nearby for Lease

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      Medina Road Commercial Space

      Commercial space available for lease on Medina Road.
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    • $5 SF/Yr

      Medina Industrial Building with Crane

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      Medina Road Flex Space Available

      Flex space with office and warehouse components for lease.
      1484-1486 Medina Rd, Medina, OH 44256
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      Retail and Office Center

      Multi-tenant center with retail, warehouse, and office spaces for lease.
      2749 Medina Rd, Medina, OH 44256
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      127,988 SF

      Medina Township Commercial Flex Space

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      79,279 SF

      Warehouse Space with Highway Access

      Warehouse space for lease with shared amenities and highway access.
      2425 Medina Rd, Medina, OH 44256
      View Details
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    1093 Medina Rd
    Medina, OH 44256
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    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
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