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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1943 Midway Dr Twinsburg, OH 44087

    • Manufacturing properties
    • 46,760 SF
    • 4.61 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Dec 10, 2021
    $2,225,000
    Value Estimations
    $2,155,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2015886
    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

    • Swiss TTP / Manufacturer / Exercise Equipment Store
    • Patio Enclosures Sunrooms / Sunroom Contractor
    • Stanek Windows / Contractor / Window Installation Service
    • Inst-I-Glass / Glass Repair Service
    • Russell Equipment, Inc. / Construction Equipment Supplier

    Property Details for 1943 Midway Dr

    Year built
    1979
    Lot size
    4.61 lot acres
    Property size
    46,760 SF
    Property type
    Manufacturing properties
    APN
    64-03001
    APU
    6403001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,705,000
      ML approach
      $1,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,090,000
      6.5%
      $2,850,000
      7%
      $2,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,295,000
      Market price range: $899k - $2.68M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,685,000
      Current use
      OFFICE BUILDING
      $3,350,000
      Change: +99% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,865,000
      Change: +70% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4695
    Latitude
    41.3163
    CBSA code
    10420
    CBSA name
    AKRON, 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
    $61,856
    $91,700
    $866,570
    $958,270
    -
    $261,990
    $2,475,920
    $2,737,910

    Comparable in this City

    • Value Estimation
      $10,180,000
      349,654 SF

      1999 Enterprise Pkwy

      FOOD PROCESSING • 349,654 SF
      1999 Enterprise Pkwy, Twinsburg, OH 44087-2207
      View Details
    • Value Estimation
      $1,635,000
      28,000 SF

      2440 Edison Blvd

      FOOD PROCESSING • 28,000 SF
      2440 Edison Blvd, Twinsburg, OH 44087-2340
      View Details
    • Value Estimation
      $7,640,000
      263,607 SF

      1755 Enterprise Pkwy

      MANUFACTURING (LIGHT) • 263,607 SF
      1755 Enterprise Pkwy, Twinsburg, OH 44087-2259
      View Details
    • Value Estimation
      $1,240,000
      40,000 SF

      8511 Tower Dr

      MANUFACTURING (LIGHT) • 40,000 SF
      8511 Tower Dr, Twinsburg, OH 44087-2088
      View Details
    • Value Estimation
      $1,585,000
      46,480 SF

      2097 Aurora Rd

      MANUFACTURING (LIGHT) • 46,480 SF
      2097 Aurora Rd, Twinsburg, OH 44087-2285
      View Details
    • Value Estimation by Request
      10,215 SF

      1800 Enterprise Pkwy

      MANUFACTURING (LIGHT) • 10,215 SF
      1800 Enterprise Pkwy, Twinsburg, OH 44087-2206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,000 SF

      Industrial Investment Property For Sale

      Industrial property for sale with a new long-term lease.
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      40,405 SF

      Twinsburg Warehouse Investment Opportunity

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      52,000 SF

      Twinsburg Warehouse: 52,000 SF

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    • $800,000
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      Versatile Commercial Property with Warehouse

      16,160 SF property with office, warehouse, and kitchen.
      9458 Ravenna Rd, Twinsburg, OH 44087
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      3,612 SF

      Renovated Flex Space with Expansion

      Flex space with warehouse, office, expansion potential, and easy access.
      2077 Midway Dr, Twinsburg, OH 44087
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    • $4,976,000
      62,200 SF

      Twinsburg Industrial Warehouse For Sale

      62,200 SF industrial warehouse located in Twinsburg, Ohio.
      1933 Highland Rd, Twinsburg, OH 44087
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      47,250 SF

      Twinsburg Industrial Facility with Cranes

      Renovated industrial space with cranes and convenient highway access.
      1943 Midway Dr, Twinsburg, OH 44087
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    • $6 SF/Yr
      34,553 SF

      Twinsburg Industrial Space with Cranes

      Industrial space featuring multiple cranes and metallurgical laboratory.
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    • Contact for pricing
      25,207 SF

      Twinsburg Industrial Space Available

      Industrial property in Twinsburg, OH, near I-271 and I-80.
      1333 Highland Rd, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      9,920 SF

      Twinsburg Flex/Industrial Space Available

      9,920 SF flex/industrial space for lease in Twinsburg, OH.
      1612 Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      51,850 SF

      Industrial/Office Space for Sublease

      51,906 SF industrial/office space available for sublease.
      2055 Enterprise Pkwy, Twinsburg, OH 44087
      View Details
    • Contact for pricing
      34,212 SF

      Twinsburg Warehouse with Office Space

      34,212 SF warehouse with 1,660 SF office space.
      8400 Darrow Rd, Twinsburg, OH 44087
      View Details
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    Twinsburg, OH 44087
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    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
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