Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    133 Northland Dr Medina, OH 44256-1534

    • Drive through restaurants
    • 3,276 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6221775
    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.

    Current Use by Public Records

    • Orange Julius / Juice Shop
    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop

    Property Details for 133 Northland Dr

    Year built
    1983
    Lot size
    0.93 lot acres
    Property size
    3,276 SF
    Property type
    Drive through restaurants
    APN
    028-19A-09-177
    APU
    02819A09177

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8644
    Latitude
    41.1528
    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
    $13,100
    $108,760
    $115,740
    $224,500
    -
    $310,730
    $330,680
    $641,410

    Comparable in this City

    • Value Estimation by Request
      2,488 SF

      993 Ct St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,488 SF
      993 Ct St, Medina, OH 44256-1503
      View Details
    • Value Estimation by Request
      3,018 SF

      3067 Medina Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,018 SF
      3067 Medina Rd, Medina, OH 44256-8224
      View Details
    • Value Estimation by Request
      1,944 SF

      3296 Medina Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,944 SF
      3296 Medina Rd, Medina, OH 44256-8198
      View Details
    • Value Estimation
      $1,890,000
      5,279 SF

      1007 Ct St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,279 SF
      1007 Ct St, Medina, OH 44256-1565
      View Details
    • Value Estimation by Request
      1,500 SF

      3597 Medina Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,500 SF
      3597 Medina Rd, Medina, OH 44256-8182
      View Details
    • Value Estimation by Request
      6,987 SF

      5867 Wooster Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,987 SF
      5867 Wooster Pike, Medina, OH 44256-8864
      View Details

    Similar Nearby for Sale

    • $695,000
      10,000 SF

      Restaurant with Banquet and Bar

      10,000 SF restaurant with banquet space, bar, and patio.
      5164 Normandy Park Dr, Medina, OH 44256
      View Details
    • $1,500,000
      13,380 SF

      Medina Retail & Office Complex

      Prime Medina location, 13,380 SF, 3 buildings.
      3900 Pearl Rd, Medina, OH 44256
      View Details
    • $695,000
      7,200 SF

      High Visibility Corner Commercial Property

      Two buildings on 1.96 acres with multiple access points.
      999 Lafayette Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      1.60 Acres

      North Court Shoppes Land - Medina, OH

      1.6-acre commercial land, prime retail location.
      1100 Court St, Medina, OH 44256
      View Details
    • $1,325,000
      2,880 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with high visibility and strong demographics.
      3105 Medina Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      5.47 Acres

      Medina Office & Retail Land

      Prime Medina location, 5.47 acres.
      4000 Carrick Dr, Medina, OH 44256
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,742 SF

      Freestanding Restaurant/Bar Space Available

      Freestanding restaurant/bar with ample parking and redevelopment potential.
      2341 Pearl Rd, Medina, OH 44256
      View Details
    • Contact for pricing
      6,679 SF

      Freestanding Building Formerly Akronym Brewing

      Freestanding building available for lease or ground lease.
      5121 Buehlers Dr, Medina, OH 44256
      View Details
    • Contact for pricing
      1 SF

      Medina Medical Office Building For Lease

      Prime 5-acre medical office space available.
      4000 Carrick Dr, Medina, OH 44256
      View Details
    • $14 SF/Yr
      13,640 SF

      Medina Office Space: Court Street

      Prime Medina Office/Retail Space Available
      799 Court St, Medina, OH 44256
      View Details
    • Contact for pricing
      1,547 SF

      Meijer In-Store Retail Space

      Medina, OH: Prime Retail Opportunity
      1005 Court St, Medina, OH 44256
      View Details
    • Contact for pricing
      24,317 SF

      Retail Property in Medina, OH

      Retail property available for lease in Medina, Ohio.
      4029 Pearl Rd, Medina, OH 44256
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.0k
    • Avg Time on site
      36 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    133 Northland Dr
    Medina, OH 44256-1534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.