1143 Williams Reserve Blvd Wadsworth, OH 44281
Property profile & analytics
1143 Williams Reserve Blvd, Wadsworth, OH 44281
- Strip malls
- 44,270 SF
- 4.95 lot acres
Property ID
US66-1466466
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Michaels / (Bike/Boat/Book/etc) Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 1143 Williams Reserve Blvd
- Year built
- 2006
- Lot size
- 4.95 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 040-20B-28-023
- APU
- 04020B28023
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $790,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $903,000
Market price range: $903k - $1.87M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,335,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wadsworth
- County
- Medina
- State
- Ohio
- Longitude
- -81.6915
- Latitude
- 41.0407
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,383
$192,740
$570,180
$762,920
-
$550,690
$1,629,090
$2,179,780
