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Property profile & analytics
OFF-MARKET Estimated value $11,210,000
Outlet malls

222 Smokerise Dr Wadsworth, OH 44281

206,479 SF 17.18 ac lot Built 2004
Trust Owned 22-yr Hold Free & Clear
Property ID
US66-0077629
Property summary
AI-generated overview

This exceptional 0.9-acre commercial land parcel presents a unique investment opportunity in Wadsworth, Ohio. Located at 222 E Smokerise Drive, this property boasts a highly desirable C-3 Intensive Commercial District zoning, allowing for a wide range of development possibilities. Its strategic location near the signalized intersection of High Street provides exceptional visibility and accessibility, with a daily traffic count of 27,985 vehicles. The site's proximity to Interstate 76 (less than half a mile) ensures convenient access to regional transportation networks. Furthermore, its location just two miles north of Downtown Wadsworth places it within easy reach of the city's amenities and growing population. Wadsworth itself is experiencing significant growth, having been recognized as the fastest-growing community in Medina County and earning the prestigious "Best Hometown" award from Ohio Magazine in 2021. This combination of favorable zoning, high traffic volume, excellent location, and thriving community makes this property an ideal investment for discerning developers and businesses seeking a strategic foothold in a rapidly expanding market. The property's address is 222 E Smokerise Dr, Wadsworth, OH 44281.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2004
Total area 206,479 SF
Lot 17.18 ac (748,361 SF)
APN 040-20B-05-033
UPID US66-0077629
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
  • Walmart Garden Center Garden Center
  • U.S. Bank Branch Bank Loan Service
  • Walmart Photo Center (Bike/Boat/Book/etc) Store
  • Walmart Vision & Glasses Ophthalmologist (Bike/Boat/Book/etc) Store
  • Walmart Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$12.61M
Comparable Approach Comparable
$10.83M
Blend (final) Blend
$11.21M
Owner & transaction history
Wal-mart R/e Busn Trust · 22 yrs held
Wal-mart R/e Busn Trust
since 2004
7 recorded transactions
2004
$4.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $18.1M +29.2%
Warehouse, storage $17.3M +24.1%
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