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Property profile & analytics
FOR LEASE
Retail space
4983 Ridge Rd, Wadsworth, OH 44281
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-2406599
For Lease
1 / 7
$2,500/Mo
4983 Ridge Rd, Wadsworth, OH 44281
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
9,000 SF
Lot
2.77 ac (120,661 SF)
APN
005-07D-34-004
UPID
US66-2406599
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
-
Kelmar Insurance Agency LLC Insurance Agency
-
Nurtured Wellness Crisis Center Medical Clinic
-
Windridge Homes Construction Company General Contractor
-
2pifit Gym & Fitness Center
-
Sharon Printing Company, Inc. (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$705k
Owner & transaction history
John P Sumodi · 2 yrs held
John P Sumodi
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+76.9%
Auto repair, garage
$1.1M
+76.8%
Office building
$965,000
+58.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
RETAIL STORES
$610,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: +77% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,075,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$965,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$785,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$78 / 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
$18,076
Tax year 2023
Assessed value
$386,670
Assessed 2023
Previous assessed
$139,610
+177.0% YoY
Effective rate
4.67%
On assessed value
Assessed land
$46,950
Assessed improvement
$339,720
Land market value
$134,140
Improvement market value
$970,620
Total market value
$1,104,760
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2022
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
9,000 SF
Lot
2.77 ac (120,661 SF)
APN
005-07D-34-004
UPID
US66-2406599
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
RETAIL STORES Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$965,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$755,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2022
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
2.77 ac
Current owner
From public records · entity-resolved
John P Sumodi
Individual
Free & Clear · 2 yrs held
Mailing address
4983 RDG RD, WADSWORTH, OH 44281-9738
Ownership since
2023
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
Jan 31, 2024
—
4983 Ridge Road LLC
—
Deed
related
$1,440,000 · First Commonwealth Bank
Sep 14, 2023
—
John P Sumodi
Pjwk Land Company Ltd
Warranty Deed
—
Nov 28, 2016
—
Jakejosh Land LLC
—
Deed
related
$425,000 · Majestic Excavating LLC
Jan 4, 2016
$380,000
Pjwk Land Co Ltd
Weaver,jeffrey S
Warranty Deed
—
—
—
Jakejosh Land LLC
—
Deed Of Trust
related
$425,000 · Majestic Excavating LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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