Property profile

1096 Medina Rd Medina, OH 44256

OFF-MARKET
Warehouses
Property ID
US66-3541675
720 SF 0 ac lot Built 1993
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two side-by-side industrial condos, ideally suited for a variety of uses. Located at 1096 Medina Road, Medina, OH 44256, these units offer a combined 1440 square feet of clean, dry storage space. Each 720-square-foot unit boasts a 14-foot ceiling height, a 12-foot garage door with an operator, and dimensions of 14'H x 45'L x 15'W. The units are equipped with gas heat and electric, with a 125-amp max (120/240 volts AC) power supply. Perfect for contractors, landscapers, hobbyists, or businesses needing additional storage, these units are situated on the south side of Medina Road (Rt. 18), east of Ridge Road (Rt. 94). The asking price is $169,999 for both units, with condo association dues of $50 per unit per month and estimated annual real estate taxes of approximately $570 per unit. Built in 1993, this property offers a compelling combination of functionality, location, and value. Don't miss this chance to acquire this well-maintained and conveniently located industrial property.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1993
Total area 720 SF
Lot 0 ac (44 SF)
APN 033-12B-07-082
UPID US66-3541675

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
  • Car Wash
  • Storage Facility
  • Industrial Consultant Auto Parts Market
  • Hardware & Home Improvement Interior Design
  • Storage Facility

Location

1096 Medina Rd Medina, OH 44256-8120
Medina metro Census 406000 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2014
3 recorded transactions
2014
$34,000
2007
$155,000
1969
Price N/A

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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