305 Lake Rd Medina, OH 44256
Property profile & analytics
305 Lake Rd Medina, OH 44256
- Warehouses
- 55,730 SF
- 8.54 lot acres
Property ID
US66-0706809
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.
Location Intelligence
Current Use by Public Records
- Mercury Distributing / Distribution Center / Logistics Company
- Western Reserve Distributing / Distribution Center / Logistics Company
- Child Source / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
- Tucker Firm / Law Firm
Property Details for 305 Lake Rd
- Year built
- 1980
- Lot size
- 8.54 lot acres
- Property size
- 55,730 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 028-19C-02-026
- APU
- 02819C02026
Description
This exceptional 109,762-square-foot manufacturing facility sits on a generous 8.54-acre lot in Medina, Ohio, offering significant potential for a variety of industrial uses. The property boasts a single-tenant occupancy, providing a streamlined operational environment. The building features a substantial 60,457 square feet of manufacturing space, complemented by 8,637 square feet of well-appointed office space, ideal for administrative functions. The high ceilings, varying in height to accommodate diverse needs, provide ample vertical space for operations. Efficient loading and unloading are ensured by the presence of six loading docks and six drive-in doors. The property is equipped with robust 3,000 amps of power, sufficient for demanding manufacturing processes. The zoning designation, "Foundries Heavy Machinery," reflects the property's suitability for heavy industrial applications. Located in Medina County, Ohio, with the address 305 Lake Rd, Medina, OH 44256, this property offers easy access to major transportation routes. This well-maintained building presents a rare opportunity to acquire a substantial and versatile industrial property in a prime location. The property's size, features, and zoning make it particularly well-suited for warehousing and manufacturing, including steel processing.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,090,000
- 6.5%
- $8,390,000
- 7%
- $7,790,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,927,000
Market price range: $3.63M - $9.49M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $5,345,000 Current use
- RESTAURANT
- $10,930,000 Change: +104% Conversion: Difficult
- MEDICAL BUILDING
- $9,335,000 Change: +75% Conversion: Difficult
- RETAIL STORES
- $7,975,000 Change: +49% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $6,675,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,520,000 Change: +22% Conversion: Easy
- OFFICE BUILDING
- $6,080,000 Change: +14% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,875,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medina
- County
- Medina
- State
- Ohio
- Longitude
- -81.8954
- Latitude
- 41.1342
- 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
$53,178
$132,420
$778,890
$911,310
-
$378,330
$2,225,390
$2,603,720
