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Property profile & analytics
FOR LEASE
Outlet malls
1105 N Court St Medina, OH 44256
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-5202107
For Lease
$5,425,000
1105 N Court St, Medina, OH 44256
View Listing →
Property summary
AI-generated overview
This exceptional retail leasing opportunity offers two spaces within high-traffic Meijer stores across the Midwest. Units range from 586 to 951 square feet, with a total of 1,537 square feet available. These prime, front-of-store locations provide unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities. Interior and exterior branding opportunities are available, enhancing exposure. Located in thriving trade areas with desirable demographics, these spaces are ideal for various retail uses, including financial institutions, food and beverage businesses, service businesses, and health and wellness providers. The property is situated in Medina County and offers exceptional opportunities for businesses seeking strong foot traffic and exposure within a well-known retail destination. Multiple vacancies exist across key Midwest markets. This "Store-Within-A-Store" concept provides a unique and highly attractive retail location.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Total area
97,940 SF
Lot
13.44 ac (585,490 SF)
APN
028-19A-09-201
UPID
US66-5202107
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
-
Century 21 Transcendent Realty Real Estate Agency
-
Huntington Insurance Insurance Agency
-
Matt Bean, Century 21 Transcendent Realty Real Estate Agency
-
Jamie Steinbacher (CRP®), RELOCATION DIRECTOR/OWNER Real Estate Agency
-
Huntington Bank ATM (Drive-Up) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$6.38M
Blend (final)
Blend
$5.43M
Owner & transaction history
Del 570 II LLC · 1 yrs held
Del 570 II LLC
since 2025
3 recorded transactions
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%
$6,480,000
6.5%
$5,980,000
7%
$5,555,000
Blend value · Realmo final
$5.43M
Range $4.88M – $5.97M · ±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
$55 / 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
$82,716
Tax year 2023
Assessed value
$1,417,500
Assessed 2023
Previous assessed
$2,829,750
-49.9% YoY
Effective rate
5.84%
On assessed value
Assessed land
$792,750
Assessed improvement
$624,750
Land market value
$2,265,000
Improvement market value
$1,785,000
Total market value
$4,050,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1991
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
97,940 SF
Lot
13.44 ac (585,490 SF)
APN
028-19A-09-201
UPID
US66-5202107
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
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
13.44 ac
Current owner
From public records · entity-resolved
Del 570 II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7978 COOPER CRK BLVD #100, UNIVERSITY PARK, FL 34201-2139
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Del 570 II LLC
Meijer Stores Limited Partnership
Deed
—
Apr 17, 2020
—
Del 570 II LLC
Ben-mil Associates INC
Warranty Deed
—
Apr 29, 2019
$582,000
Steinbacher Properties LLC
Huntington Natl Bk
Grant Deed
—
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.
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