Technical
Financial
Distress signals
Property profile

1183 Williams Reserve Blvd Wadsworth, OH 44281

OFF-MARKET
Retail space
Property ID
US66-0029641
121,395 SF 10.63 ac lot Built 2005
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two prime outparcels totaling 3.58 acres within the bustling Wadsworth Crossings shopping center in Medina County, Ohio. Located at 1183 Williams Reserve Blvd, Wadsworth, OH 44281, these parcels offer unparalleled visibility and accessibility. Parcel 1 encompasses 1.57 acres and is priced at $400,000, while Parcel 2 comprises 2.01 acres and is listed at $350,000. Both parcels are zoned C-3 Intensive Commercial District, allowing for a wide range of development possibilities. The Wadsworth Crossings center boasts a strong tenant mix, including nationally recognized retailers such as Target, Lowe's, Kohl's, Michaels, Five Below, Ulta, Petco, and Planet Fitness, ensuring high traffic volume and consumer density. The property benefits from convenient access to I-76, a major thoroughfare with a high daily traffic count of 45,728 vehicles. Furthermore, the surrounding area demonstrates robust demographics, with an average household income exceeding $98,523 within a 5-mile radius, indicating a strong consumer base and significant potential for return on investment. This is a rare opportunity to acquire land in a thriving retail center with excellent visibility, strong demographics, and convenient access to major transportation routes. Don't miss this chance to secure your position in this high-demand location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 121,395 SF
Lot 10.63 ac (463,043 SF)
APN 040-20B-29-005
UPID US66-0029641

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
  • Atm
  • Restaurant
  • Grocery & Convenience Store Food Market
  • Pharmacy
  • Cafe & Coffee Shop

Location

1183 Williams Reserve Blvd Wadsworth, OH 44281-9314
Wadsworth metro Census 417100 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.41M
Comparable Approach Comparable
$6.37M
Blend (final) Blend
$6.72M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2018
Price N/A
2005
$2.2M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $10.6M +29.2%
Warehouse, storage $10.2M +24.1%

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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