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Property profile

1 Park Ctr Dr Wadsworth, OH 44281

OFF-MARKET
Office buildings
Property ID
US66-5200172
43,200 SF 4.46 ac lot Built 1982
Entity Owned 5-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

One Park Center Drive in Wadsworth, Ohio, offers a fantastic opportunity to lease high-quality office space. This Class B building, totaling 43,200 square feet, features a convenient location with immediate access to I-76, making it an ideal choice for businesses seeking easy commutes and accessibility. The property boasts approximately 100 parking spaces and is zoned C-4. Currently, there is 2,450 square feet of vacant space available for lease, divisible down to a minimum of 600 square feet, offering flexibility for businesses of various sizes. The building is equipped with an elevator and is ADA compliant, ensuring accessibility for all. One available suite (Suite 11), located on the lower level, comprises 2,450 square feet and includes a reception/lobby area, three private offices (two with windows), a conference room with windows, a copier room, a kitchenette, and a storage/cubicle room. This versatile space is perfect for a variety of business needs. Located in Medina County, with the address 1 Park Center Dr, Wadsworth, OH 44281, this property presents a compelling opportunity to establish or expand your business in a thriving location. The building's multiple tenancy structure provides a diverse and dynamic work environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 43,200 SF
Lot 4.46 ac (194,278 SF)
APN 040-20B-05-060
UPID US66-5200172

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Ophthalmologist
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.66M
Blend (final) Blend
$730k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.2M +11.7%
Auto repair, garage $5.2M +11.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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