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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
1218 High St, Wadsworth, OH 44281-9417
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6212638
Property summary
AI-generated overview
This exceptional Wadsworth, Ohio office property offers up to 3,000 square feet of flexible space, ideal for various business types. Located at 1218 High St, 44281, this single-story building sits on a 0.46-acre lot and was built in 1984. The property features a total of 3,060 square feet, currently entirely vacant and available for lease as a single unit. The minimum leasable space is 2,486 square feet, with a maximum contiguous space of 3,060 square feet. The building includes two suites and offers eight parking spaces. Zoned for Office 1-2 stories (APN: 040-20A-02-001), this property boasts a convenient location with easy access to major roadways. Shared amenities include a conference room, restrooms, and a fully equipped kitchen. A private entrance and dedicated parking are also available. The property is well-maintained and offers a professional environment. Lease terms may allow for customized improvements to suit specific business needs. This is a rare opportunity to secure a versatile and well-located office space in Wadsworth.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
4,516 SF
Lot
0.46 ac (20,038 SF)
APN
040-20A-02-001
UPID
US66-6212638
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
-
Modern Hearing Solutions - Wadsworth Audiologist Physician
-
RCX Billing Solutions Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$630k
Owner & transaction history
1218 Hight St LLC · 3 yrs held
1218 Hight St LLC
since 2023
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$755,000
+56.1%
Commercial (general)
$540,000
+11.7%
Auto repair, garage
$540,000
+11.6%
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 Wadsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wadsworth 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
$670,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$485,000
Current use
MEDICAL BUILDING
$755,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$540,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $625k (Jul 3 2023)
Last sale anchor
$625k
Jul 3 2023
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
$140 / 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
$12,201
Tax year 2023
Assessed value
$192,050
Assessed 2023
Previous assessed
$192,050
+0.0% YoY
Effective rate
6.35%
On assessed value
Assessed land
$27,570
Assessed improvement
$164,480
Land market value
$78,780
Improvement market value
$469,930
Total market value
$548,710
Applied tax rate
40.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
YES
Cooling
YES
Stories
1
Total area
4,516 SF
Lot
0.46 ac (20,038 SF)
APN
040-20A-02-001
UPID
US66-6212638
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$540,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
YES
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
1218 Hight St LLC
Entity
Mailing address
2785 S ARLINGTON RD STE B, AKRON, OH 44312-4703
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$625,000
1218 Hight St LLC
Corwin Family LLC
Warranty Deed
$500,000 · Consumers National Bank
Jul 8, 2021
—
Corwin Family LLC
—
Deed
related
$480,000 · Westfield Bank Fsb
Feb 12, 2020
—
Corwin Family LLC
—
Deed
related
$350,000 · Westfield Bk Fsb
May 17, 2018
—
Corwin Family LLC
—
Deed
related
$350,000 · Westfield Bank Fsb
Jun 1, 2005
$405,000
The Central District Of The Christi
Central District Of The Christian &
Warranty Deed
$364,500 · Westfield Bank Fsb
—
—
Corwin Family LLC
—
Loan Modification
related
$350,000 · Westfield Bk Fsb
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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