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Property profile & analytics
OFF-MARKET
Medical Office Space

208 Milltown Rd Wooster, OH 44691-1246

6,552 SF 0.78 ac lot Built 1998
Entity Owned 6-yr Hold Free & Clear
Property ID
US66-1681632
Property summary
AI-generated overview

This exceptional mixed-use property at 208 E Milltown Rd, Wooster, OH 44691, presents a compelling investment opportunity. The 6,552 square foot building, constructed in 1998, sits on a 0.782-acre lot and is zoned C-1 Office/Institutional. Currently operating as a multi-tenant property, it features two units. Unit A is under lease until October 31st, 2027, providing immediate income. Unit B is available for lease, offering the potential for increased revenue. The asking price is $925,000, translating to $141.18 per square foot. The building's current occupancy is 50%, with full occupancy projected for July 22nd, 2024. The existing lease for Unit A is a gross lease with a 5.2-year term, commencing August 24th, 2022. This single-story building offers a versatile space suitable for executive, medical, or traditional office uses. The property's location in Wooster, Wayne County, Ohio, provides excellent access to local amenities and transportation. This owner/user investment opportunity allows for immediate income generation and future growth potential. Serious inquiries only.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Total area 6,552 SF
Lot 0.78 ac (34,064 SF)
APN 67-02874-002
UPID US66-1681632
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
  • Wooster Oral Surgery and Implant Center Dental Office
  • Fiorita Vincent L DDS MS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Orrville Properties LLC · 6 yrs held
Orrville Properties LLC
since 2019
2 recorded transactions
2022
Price N/A
2019
$800,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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