Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1612 Enterprise Pkwy Twinsburg, OH 44087
    Back to Search
    Property profile & analytics

    1612 Enterprise Pkwy, Twinsburg, OH 44087

    View on Map
    • Industrial properties
    • 9,920 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1612 Enterprise Pkwy

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 9,920-square-foot flex space at 1612 Enterprise Parkway in Twinsburg, Ohio, presents a fantastic opportunity for businesses seeking a versatile industrial property. Located in Summit County, this single-tenant building offers ample space for various operational needs. The high 20-foot ceilings provide excellent vertical clearance, while the convenient loading dock and drive-in access ensure efficient loading and unloading of goods. The property boasts 64 parking spaces, providing ample room for employees and visitors. Power is supplied by Ohio Edison, with a 240V 400A service. The property is currently entirely vacant, offering immediate occupancy for a new tenant. Its strategic location in Twinsburg, Ohio, offers easy access to major transportation routes, making it an ideal location for businesses needing convenient logistics. The property's flex space designation allows for a wide range of uses, making it suitable for various industrial and commercial operations. This is a rare opportunity to secure a well-appointed, spacious industrial property in a prime location. The property is ready for immediate occupancy. The address is 1612 Enterprise Parkway, Twinsburg, OH 44087.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4635
    Latitude
    41.2911

    Comparable in this City

    • Value Estimation by Request
      11,006 SF

      1579 Enterprise Pkwy

      LIGHT INDUSTRIAL
      1579 Enterprise Pkwy, Twinsburg, OH 44087-2239
      View Details
    • Value Estimation by Request

      1612 Enterprise Pkwy

      Distribution properties
      1612 Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • Value Estimation
      $4,410,000
      141,177 SF

      8499 Darrow Rd

      INDUSTRIAL (GENERAL)
      8499 Darrow Rd, Twinsburg, OH 44087-2309
      View Details
    • Value Estimation by Request
      14,240 SF

      2354 Edison Blvd

      INDUSTRIAL (GENERAL)
      2354 Edison Blvd, Twinsburg, OH 44087-2376
      View Details
    • Value Estimation by Request
      3.16 Acres

      Aurora Rd

      INDUSTRIAL (GENERAL)
      Aurora Rd, Twinsburg, OH 44087
      View Details
    • Value Estimation
      $1,060,000
      24,973 SF

      2451 Edison Blvd

      INDUSTRIAL (GENERAL)
      2451 Edison Blvd, Twinsburg, OH 44087-2340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,860 SF

      Twinsburg Office/Flex Condo For Sale

      1,860 SF office/flex condo in Twinsburg business park.
      2240-2254 Enterprise B-4 Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      3,612 SF

      Renovated Flex Space with Expansion

      Flex space with warehouse, office, expansion potential, and easy access.
      2077 Midway Dr, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      4,940 SF

      2307 E Aurora Road, Suite B-1A, Twinsburg, OH 44087

      Mixed-use properties
      2307 E Aurora Rd, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      14,976 SF

      Industrial Property Available For Sale

      Industrial property available for sale with 14976 square feet.
      1919 Case Pkwy N, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      1,800 SF

      Twinsburg Industrial Space For Sale

      1,800 SqFt industrial property available in Twinsburg, Ohio.
      2305 E Aurora Rd, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      41,000 SF

      Industrial Investment Property For Sale

      Industrial property for sale with a new long-term lease.
      1760 Enterprise Pkwy, Twinsburg, OH 44087
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Twinsburg Industrial Hub Flex Space

      Single tenant flex space in Twinsburg's industrial hub.
      2457 Edison Blvd, Twinsburg, OH 44087
      View Details
    • Contact for pricing

      Twinsburg Warehouse with Office Space

      28,320 SF warehouse with 2,000 SF office space.
      1842 Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      24,000 SF

      Twinsburg Flex Space Available

      Divisible flex space with office, docks, and drive-ins available August.
      2003-2061 S Case Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing

      Twinsburg Flex / Industrial Space

      Flex, industrial, and office spaces available for lease in Twinsburg.
      1600 Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing

      Twinsburg Flex Space Available

      Multi-tenant building featuring flex, industrial, and office spaces for lease.
      1927-1947 E Aurora Rd, Twinsburg, OH 44087
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      24,000 SF industrial building with warehouse and office space.
      1953 Case Pkwy S, Twinsburg, OH 44087
      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.
    1612 Enterprise Pkwy
    Twinsburg, OH 44087
    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
    1612 Enterprise Pkwy, Twinsburg, OH, 44087
    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!