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Property profile

124 Lafayette Rd Medina, OH 44256

OFF-MARKET
Office buildings
Property ID
US66-0587752
4,375 SF 0.2 ac lot Built 1967
Individually Owned 25-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional three-story executive office building, located at 124 Lafayette Road in Medina, Ohio, offers a variety of flexible office spaces for lease. The 6,475 square foot building, situated on a 0.2-acre lot, boasts 25 convenient parking spaces, split between front and rear lots. Built in 1967 and extensively renovated in 2020, the property features a redesigned lobby and updated interiors throughout, including new paint, carpet, and lighting. Currently, there are three available office spaces ranging from 168 to 504 square feet. The building is zoned C1 and is located in Medina County, Ohio, with a 44256 zip code. Tenants benefit from all utilities included in the lease rate, simplifying budgeting and reducing operational costs. The building's central business location provides excellent accessibility and visibility. This is an ideal opportunity for businesses seeking modern, well-maintained office space in a thriving Medina community. The property offers a blend of convenience, modern amenities, and a strategic location, making it an attractive option for a variety of professional tenants. Don't miss this chance to secure your ideal workspace in this meticulously maintained building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Construction TYPE NOT SPECIFIED
Total area 4,375 SF
Lot 0.2 ac (8,712 SF)
APN 028-19C-05-363
UPID US66-0587752

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
  • Law Firm
  • Employment Agency
  • Law Firm
  • Law Firm
  • Photography Service (Bike/Boat/Book/etc) Store

Location

124 Lafayette Rd Medina, OH 44256-2378
Medina metro Census 408202 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2001
1 recorded transaction
2001
$165,000

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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