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Property profile & analytics
FOR LEASE
Warehouses
350 State St Wadsworth, OH 44281
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1525850
For Lease
1 / 6
$545,000
350 State St, Wadsworth, OH 44281
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Property summary
AI-generated overview
This Wadsworth, Ohio industrial property, located at 350 State Street, offers 12,365 square feet of warehouse space in a single-story building constructed in 1973 and renovated in 2023. The property is situated on 27.22 acres of land and is zoned I-2 Heavy Industrial District within Medina County's Akron submarket. The building features a 13-foot ceiling height, two loading docks with two dock-high doors, and two drive-in doors. Ample parking is provided with 20 spaces. The property boasts 3-phase, 400 amp, 480V power. Three suites are available, with a minimum divisible space of 5,650 square feet and a maximum contiguous space of 12,365 square feet. The entire 12,365 square feet is currently vacant. Its strategic location provides excellent access to Interstates 76, 77, and 71, offering convenient access to Medina, Akron, Cleveland, and Canton markets. The property's features make it ideal for various industrial uses, including warehousing, distribution, manufacturing, flex space, and R&D. The APN is 04020C09117. Property taxes are $0 per square foot.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
9,780 SF
Lot
1.94 ac (84,506 SF)
APN
040-20C-09-116
UPID
US66-1525850
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
-
Ohio Engineering & Manufacturing Industrial Manufacturer
-
Outlaws Baseball Club Sports Field & Court Sports School
-
Bruces Auto Body Auto Repair Shop
-
Blue Tip Moving Co Moving Company
-
A1 Sports Sales (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
L & W Supply Corporation · 4 yrs held
L & W Supply Corporation
since 2022
Last sale
$560,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$855,000
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wadsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wadsworth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$545,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
INDUSTRIAL (GENERAL)
$855,000
Change: +4% · Conversion: Easy
RETAIL STORES
$660,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $560k (Jul 7 2022)
Last sale anchor
$560k
Jul 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,108
Tax year 2023
Assessed value
$199,720
Assessed 2023
Previous assessed
$199,720
+0.0% YoY
Effective rate
6.06%
On assessed value
Assessed land
$35,740
Assessed improvement
$163,980
Land market value
$102,120
Improvement market value
$468,520
Total market value
$570,640
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1987
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Total area
9,780 SF
Lot
1.94 ac (84,506 SF)
APN
040-20C-09-116
UPID
US66-1525850
Jurisdiction
MEDINA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$820,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
Est. value
$660,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
1.94 ac
Current owner
From public records · entity-resolved
L & W Supply Corporation
Entity
Mailing address
1 ABC PKWY, BELOIT, WI 53511-4466
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$560,000
L & W Supply Corporation
B & B Real Estate Of Ohio LLC
Warranty Deed
—
Jun 16, 2021
—
State Street Property Leasing LLC
—
Deed
related
$716,000 · The Farmers National Bank Of Canfield
Apr 29, 2021
—
B&b Realestate Ofohioo LLC
—
Deed
related
$200,000 · The Huntington National Bank
Jun 6, 2016
—
State Street Property Leasing LLC
—
Deed
related
$965,980 · Firstmerit Bank NA
Jun 15, 2001
—
B & B Real Estate Of Ohio LLC
B & B Real Estate
Quit Claim Deed
related
$270,000 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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