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Property profile

1218 High St Wadsworth, OH 44281

FOR SALE
Office buildings
Property ID
US66-6212638
4,516 SF 0.46 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity

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

Current use

Occupant on record · Public records
  • Physician
  • Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$559k
Blend (final) Blend
$670k

Owner & transaction history

since 2023
Last sale
$625,000
6 recorded transactions
2023
$625,000
2021
Price N/A
2020
Price N/A
2018
Price N/A
2005
$405,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $755,000 +56.1%
Commercial (general) $540,000 +11.7%
Auto repair, garage $540,000 +11.6%

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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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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