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    5927 Center Rd Valley City, OH 44280
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    5927 Center Rd Valley City, OH 44280

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    • Warehouses
    • 4,400 SF
    • 7.03 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Valley City Cold Storage Warehouse For Lease
    $2 SF/Yr
    30,000 SF

    Valley City Cold Storage Warehouse

    Cold storage warehouse space available for lease in Valley City.

    5927 & 5893 Center Road, Valley City, OH 44280
    View Listing
    Property ID
    US66-0771384
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shearwaters Construction Company ltd / Construction Company
    • Engine Works Inc / Auto Repair Shop / Insurance Agency

    Property Details for 5927 Center Rd

    Year built
    1948
    Lot size
    7.03 lot acres
    Property size
    4,400 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    025-01B-42-006
    APU
    02501B42006

    Description

    This 6,000-square-foot industrial warehouse, located at 5927 Center Rd, Valley City, OH 44280, is available for lease. Situated on a 7.03-acre lot in Medina County's Brunswick submarket, this single-story building offers ample space for storage needs. Built in 1950 and extensively renovated in 2022, the property features a 14-foot ceiling height, two drive-in doors, and twenty total parking spaces. While currently lacking power, this cold storage space provides protection from the elements, making it ideal for various storage applications. The roof was completely replaced in the fourth quarter of 2022. The property is zoned for Limited Manufacturing and Research. Short-term lease options are available. Additional outdoor parking and storage areas are also available for tenant use. The APN is 025-01B-42-006.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Valley City
    County
    Medina
    State
    Ohio
    Longitude
    -81.8994
    Latitude
    41.2387
    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
    $6,779
    $75,040
    $71,960
    $147,000
    -
    $214,390
    $205,610
    $420,000

    Comparable in this City

    • Value Estimation by Request
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      6779 Ctr Rd

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      6779 Ctr Rd, Valley City, OH 44280-9501
      View Details
    • Value Estimation
      $1,150,000
      15,305 SF

      5498 Innovation Dr

      MINI-WAREHOUSE, STORAGE • 15,305 SF
      5498 Innovation Dr, Valley City, OH 44280-9352
      View Details
    • Value Estimation by Request
      3,240 SF

      1658 Marks Rd

      MINI-WAREHOUSE, STORAGE • 3,240 SF
      1658 Marks Rd, Valley City, OH 44280-9358
      View Details
    • Value Estimation
      $5,465,000
      92,118 SF

      804 Steel Dr

      MINI-WAREHOUSE, STORAGE • 92,118 SF
      804 Steel Dr, Valley City, OH 44280-9736
      View Details
    • Value Estimation
      $1,715,000
      55,000 SF

      5460 Wegman Dr

      MINI-WAREHOUSE, STORAGE • 55,000 SF
      5460 Wegman Dr, Valley City, OH 44280-9707
      View Details
    • Value Estimation by Request
      1,166 SF

      Executive Dr

      MINI-WAREHOUSE, STORAGE • 1,166 SF
      Executive Dr, Valley City, OH 44280
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Valley City Industrial Flex Property

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      View Details
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      Industrial Property with Leaseback Opportunity

      22.33-acre industrial property with leaseback and additional income streams.
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      Valley City Acreage for Home

      3.45+ acre lot to build your dream home.
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      Valley City Land Opportunity

      4.55 acre commercial land for sale in Valley City.
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    Similar Nearby for Lease

    • $5 SF/Yr
      9,604 SF

      Renovated Industrial Space on Center Road

      Versatile industrial/retail space with high visibility, renovated in 2022.
      5893 Center Rd, Valley City, OH 44280
      View Details
    • $2 SF/Yr
      30,000 SF

      Valley City Cold Storage Warehouse

      Cold storage warehouse space available for lease in Valley City.
      5927 Center Rd, Valley City, OH 44280
      View Details
    View Listing
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    Valley City, OH 44280
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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