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Property profile & analytics
FOR SALE
Strip malls

1143 Williams Reserve Blvd Wadsworth, OH 44281

44,270 SF 4.95 ac lot Built 2006
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-1466466
1143 Williams Reserve Blvd, Wadsworth, OH 44281 For Sale
$5,119,252 44,270 SF
1143 Williams Reserve Blvd, Wadsworth, OH 44281
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 44,270 SF
Lot 4.95 ac (215,622 SF)
APN 040-20B-28-023
UPID US66-1466466
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
  • Michaels (Bike/Boat/Book/etc) Store
  • UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$790k
CAP Approach CAP
by Request
Comparable Approach Comparable
$903k
Blend (final) Blend
$845k
Owner & transaction history
Office Max North America INC · 4 yrs held
Office Max North America INC
since 2022
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2021
$1.8M
2018
$16,000
2018
Price N/A
2012
$14.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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