1143 Williams Reserve Blvd Wadsworth, OH 44281
- Strip malls
- 44,270 SF
- 4.95 lot acres
Current Use by Public Records
- Michaels / Scrapbooking Store / Craft Store
- UPS Access Point location / Shipping Service / Shipping And Mailing Service
Property Details for 1143 Williams Reserve Blvd
- Year built
- 2006
- Lot size
- 4.95 lot acres
- Property size
- 44,270 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 040-20B-28-023
- APU
- 04020B28023
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,110,000
- 7%
- $1,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,040,000
- Geo Method
- $1,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,165,000
- Retail
- $1,150,000
- Mixed-Use
- $965,000
- Hospitality
- $1,255,000
- Educational
- $950,000
- Residential Income
- $1,035,000
- Energy
- $1,035,000
- Income-Based Land
- $1,160,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Wadsworth
- County
- Medina
- State
- Ohio
- Longitude
- -81.6915
- Latitude
- 41.0407
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
