Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4885 Grande Shops Ave Medina, OH 44256
    Back to Search
    Property profile & analytics

    4885 Grande Shops Ave Medina, OH 44256

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4885 Grande Shops Ave

    Year built
    2006
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, located at 4885 Grande Shops Ave in Medina, Ohio, presents a unique investment opportunity. The property, part of the Medina Grande Shops, is a single-story, Class B building constructed in 2006. Situated on a 2.05-acre lot (APN: 02606C07227|1), this 2,508 square foot space is currently available for lease. The property benefits from its strategic location within Medina County's main retail area, enjoying high visibility and significant foot traffic. The center boasts a strong anchor tenant lineup including Bed Bath & Beyond, JoAnn Fabrics, Pier 1 Imports, Home Depot, and Petco, ensuring a robust customer base. The property's proximity to a Walmart Supercenter further enhances its appeal and accessibility. Additionally, there's potential for development of an outparcel opportunity on Pearl Road, offering further expansion possibilities. This property is ideal for a variety of retail businesses seeking a prominent location in a thriving commercial area. The property is in Medina County, Ohio, zip code 44256.

    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
    -81.863
    Latitude
    41.166

    Comparable in this City

    • Value Estimation by Request

      4885 Grande Shops Ave

      Retail properties & Spaces
      4885 Grande Shops Ave, Medina, OH 44256
      View Details
    • Value Estimation by Request
      1,998 SF

      665 Lafayette Rd

      RESTAURANT • 1,998 SF
      665 Lafayette Rd, Medina, OH 44256-2341
      View Details
    • Value Estimation by Request

      5827 Wooster Pike

      Individual retail properties
      5827 Wooster Pike, Medina, OH 44256
      View Details
    • Value Estimation by Request

      5145 Buehlers Dr

      Office Spaces
      5145 Buehlers Dr, Medina, OH 44256
      View Details
    • Value Estimation by Request

      4885 Grande Shops Ave

      Retail properties & Spaces
      4885 Grande Shops Ave, Medina, OH 44256
      View Details
    • Value Estimation by Request

      7937 Wadsworth Rd

      Office Spaces
      7937 Wadsworth Rd, Medina, OH 44256
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,000 SF

      Restaurant with Banquet and Bar

      10,000 SF restaurant with banquet space, bar, and patio.
      5164 Normandy Park Dr, Medina, OH 44256
      View Details
    • Contact for pricing
      3,520 SF

      Medina Retail/Office Condominium For Sale

      Retail/office condominium in active corridor, suitable for various uses.
      3575 Medina Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      4,495 SF

      Meineke Car Care Investment Opportunity

      NNN leased Meineke Car Care in Medina, OH for sale.
      4868 Ledgewood Dr, Medina, OH 44256
      View Details
    • Contact for pricing

      Meineke Car Care Center Investment

      NNN leased Meineke Car Care Center in Medina, Ohio.
      4868 Ledgewood Dr, Medina, OH 44256
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Outparcel in New Development

      Ground lease opportunity in a growing retail area.
      5827 Wooster Pike, Medina, OH 44256
      View Details
    • Contact for pricing
      4,073 SF

      Freestanding Building Formerly Akronym Brewing

      Freestanding building available for lease or ground lease.
      5121 Buehlers Dr, Medina, OH 44256
      View Details
    • Contact for pricing

      Medina Road Retail Development Site

      Retail development opportunity with high visibility on Medina Road.
      3070 Medina Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      2,742 SF

      Freestanding Restaurant/Bar Space Available

      Freestanding restaurant/bar with ample parking and redevelopment potential.
      2341 Pearl Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      24,317 SF

      Retail Property in Medina, OH

      Retail property available for lease in Medina, Ohio.
      4029 Pearl Rd, Medina, OH 44256
      View Details
    • Contact for pricing

      Medina Road Retail Opportunity

      Prime location near Buehler's, high traffic, and easy access.
      5121 Buehlers Dr, Medina, OH 44256
      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.
    4885 Grande Shops Ave
    Medina, OH 44256
    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
    4885 Grande Shops Ave, Medina, OH, 44256
    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!