Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    183 Great Oaks Trl Wadsworth, OH 44281
    Back to Search
    Property profile & analytics

    183 Great Oaks Trl, Wadsworth, OH 44281

    View on Map
    • Neighborhood centers
    • 9,600 SF
    • 0.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sonja Halstead Team Keller Williams Elevate / Real Estate Agency
    • Heather Dimitrov- Keller Williams Elevate / Real Estate Agency

    Property Details for 183 Great Oaks Trl

    Year built
    1991
    Lot size
    0.98 lot acres
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional 9,600 square foot retail property, situated at 183 Great Oaks Trl in Wadsworth, Ohio (44281), presents a compelling investment opportunity. Built in 1991 and renovated in 2000, this single-story, Class B neighborhood center sits on a 0.98-acre lot (APN: 04020A03184). The property features a multi-tenant configuration within a single building, offering diverse income streams. Its strategic location, just off I-76 and the State Route 94 interchange, ensures high visibility and accessibility. The plaza enjoys a strong tenant mix, including national brands and local businesses such as Buehlers Fresh Foods, McDonald's, and others, providing a stable and diverse revenue base. The property benefits from its proximity to other major retailers like Big Lots, Goodwill, and Tractor Supply, further enhancing its appeal and drawing significant foot traffic. Anchored by established businesses like Howard Hanna Real Estate, Allstate Insurance, and White House Chicken, this center is well-positioned to capitalize on the substantial retail growth experienced in the area, serving the surrounding Medina and Summit County communities. The asking price for this thriving retail center is $2,300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Medina
    State
    Ohio
    Longitude
    -81.7327
    Latitude
    41.049

    Comparable in this City

    • Value Estimation
      $965,000
      35,733 SF

      1154 Hinkle Dr

      SHOPPING CENTER, STRIP CENTER
      1154 Hinkle Dr, Wadsworth, OH 44281-8293
      View Details
    • Value Estimation by Request
      8,440 SF

      295 Weatherstone Dr

      SHOPPING CENTER, STRIP CENTER
      295 Weatherstone Dr, Wadsworth, OH 44281-8281
      View Details
    • Value Estimation
      $845,000
      44,270 SF

      1143 1153rd 1161st Williams Reserve Blvd

      SHOPPING CENTER, STRIP CENTER
      1143 1153rd 1161st Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • Value Estimation
      $7,655,000
      7,254 SF

      1022 Williams Reserve Blvd, Unit 1026

      SHOPPING CENTER, STRIP CENTER
      1022 Williams Reserve Blvd, Wadsworth, OH 44281-9317
      View Details
    • Value Estimation
      $7,110,000
      15,960 SF

      1090 Williams Reserve Blvd

      SHOPPING CENTER, STRIP CENTER
      1090 Williams Reserve Blvd, Wadsworth, OH 44281-9345
      View Details
    • Value Estimation
      $620,000
      30,818 SF

      210 Great Oaks Trl

      SHOPPING CENTER, STRIP CENTER
      210 Great Oaks Trl, Wadsworth, OH 44281-9467
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,644 SF

      Retail Property with Expansion Potential

      Retail property with ample parking and expansion possibilities.
      772 College St, Wadsworth, OH 44281
      View Details
    • $4,250,000

      Wadsworth Commercial Asset with Upside

      Versatile commercial property with retail, office, and self-storage components.
      201-251 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • $4,250,000

      Versatile Commercial Asset in Wadsworth

      Retail, office, and self-storage property with income and upside potential.
      201-251 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      4,644 SF

      Retail Space on Wadsworth Road

      4,644 SF retail space with expansion potential on 1.829 AC.
      772 College St, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      45,525 SF

      Wadsworth Retail Space For Sale

      45,525 SF retail space with 7.75% CAP rate.
      1143 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      6,760 SF

      Retail Building with Arcade

      6,760 SF retail building with two units in Wadsworth, OH.
      129 Broad St, Wadsworth, OH 44281
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,376 SF

      Retail Space in Wadsworth, Ohio

      20,376 square foot retail property available for lease.
      180 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      1,403 SF

      Retail Space in Wadsworth Crossings

      Retail spaces and land available in premier shopping destination.
      1090 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • $12 SF/Yr

      Prime Retail Leasing Opportunity

      Retail space for lease in high-traffic Wadsworth, OH.
      201-251 Great Oak Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Buehler's Grocery

      Retail space available in Wadsworth near Interstate 76.
      183-199 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space in Wadsworth, OH

      16,000 SF retail space available for lease.
      160 Great Oaks Trl, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      2,935 SF

      Retail Space Near Major Retailers

      2,935 SF retail space near Target, Lowes, and Kohl’s.
      1114 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    183 Great Oaks Trl
    Wadsworth, OH 44281
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    183 Great Oaks Trl, Wadsworth, OH, 44281
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!