Back to Search
Property profile & analytics
FOR LEASE
Manufacturing properties
1030 W Smith Rd Medina, OH 44256
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2764768
For Lease
1 / 2
$1,630,000
1030 W Smith Rd, Medina, OH 44256
View Listing →
Property summary
AI-generated overview
This exceptional 50,000 square foot industrial property, located at 1030 W Smith Rd, Medina, OH 44256, presents a significant investment opportunity. The single-story building, constructed in 1987, sits on a substantial 6.656-acre lot and is zoned I-1. The property features a single tenancy and is ideal for warehouse and manufacturing operations. With its spacious layout and convenient location in Medina, Ohio, this asset offers significant potential for a variety of industrial uses. The property's APN is 02819C02025. The asking price is $2,950,000. Medina is consistently ranked highly for its low crime rate, excellent schools, affordable housing, and low cost of living, making it an attractive location for businesses and employees alike. This property offers a rare combination of size, location, and functionality within a thriving community. The property consists of one building.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
46,520 SF
Lot
6.65 ac (289,674 SF)
APN
028-19C-02-025
UPID
US66-2764768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ovation Polymers Inc. Industrial Manufacturer Production Facility
-
Cialis Genà ricos Por Telà fono Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.63M
Owner & transaction history
M & M Holdings-ohio Ltd · 21 yrs held
M & M Holdings-ohio Ltd
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medina submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,672
Tax year 2023
Assessed value
$525,620
Assessed 2023
Previous assessed
$525,620
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$98,850
Assessed improvement
$426,770
Land market value
$282,440
Improvement market value
$1,219,350
Total market value
$1,501,790
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1987
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
46,520 SF
Lot
6.65 ac (289,674 SF)
APN
028-19C-02-025
UPID
US66-2764768
Jurisdiction
MEDINA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.65 ac
Current owner
From public records · entity-resolved
M & M Holdings-ohio Ltd
Entity
Free & Clear · 21 yrs held
Mailing address
3813 WEYMOUTH WOODS DR, MEDINA, OH 44256-7940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2005
—
M & M Holdings-ohio Ltd
M & M Holdings-ohio Ltd
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
