Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6035 Airport Dr Wadsworth, OH 44281

    • Commercial real estate
    • 13,728 SF
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2776100
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6035 Airport Dr

    Year built
    1986
    Property size
    13,728 SF
    Property type
    Commercial real estate
    APN
    28-09412
    APU
    2809412

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $991,000
      Market price range: $992k - $3.40M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,020,000
      Current use
      RESTAURANT
      $1,530,000
      Change: +50% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,365,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $1,285,000
      Change: +26% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,285,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,155,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $1,065,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $930,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Summit
    State
    Ohio
    Longitude
    -81.4435
    Latitude
    40.9263
    CBSA code
    10420
    CBSA name
    AKRON, 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
    $3,983
    $0.00
    $70,090
    $70,090
    -
    $0.00
    $200,260
    $200,260

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      350 Water St

      COMMERCIAL (GENERAL) • 0.12 Acres
      350 Water St, Wadsworth, OH 44281-1701
      View Details
    • Value Estimation by Request
      0.25 Acres

      350 Water St

      COMMERCIAL (GENERAL) • 0.25 Acres
      350 Water St, Wadsworth, OH 44281-1701
      View Details
    • Value Estimation by Request
      0.00 Acres

      3071 Greenwich Rd

      COMMERCIAL (GENERAL) • 0.00 Acres
      3071 Greenwich Rd, Wadsworth, OH 44281-9516
      View Details
    • Value Estimation by Request
      0.09 Acres

      9th St

      COMMERCIAL (GENERAL) • 0.09 Acres
      9th St, Wadsworth, OH 44281
      View Details
    • Value Estimation by Request
      2,702 SF

      745 Medina Line Rd

      COMMERCIAL (GENERAL) • 2,702 SF
      745 Medina Line Rd, Wadsworth, OH 44281-9601
      View Details
    • Value Estimation by Request
      434 SF

      Prospect St

      COMMERCIAL (GENERAL) • 434 SF
      Prospect St, Wadsworth, OH 44281
      View Details

    Similar Nearby for Sale

    • $1,300,000
      6.00 Acres

      Wadsworth Commercial Land - 6 Acres

      Prime commercial land, ideal retail location.
      995 High St, Wadsworth, OH 44281
      View Details
    • $600,000
      3.00 Acres

      Prime Wadsworth Commercial Land

      3-Acre C-3 Zoned Lot - $600K
      1011 High St, Wadsworth, OH 44281
      View Details
    • $349,000
      7.27 Acres

      Wadsworth Industrial Land - 7.27 Acres

      Prime Industrial Land, Wadsworth, Ohio
      0 Corporate Pkwy, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      68.00 Acres

      Wadsworth, OH Commercial Land

      68 Acres, Commercial & Residential
      324 Akron Rd, Wadsworth, OH 44281
      View Details
    • $750,000
      35.82 Acres

      Prime Wadsworth Industrial Land

      35+ Acres, I-76 Proximity, High Potential
      860 Seville Rd, Wadsworth, OH 44281
      View Details
    • $225,000
      2.76 Acres

      Wadsworth Industrial Land - $225K

      2.76-acre lot, I-1 zoning, Wadsworth, OH.
      0 Wadsworth Corporate Pkwy, Wadsworth, OH 44281
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      31,000 SF

      High St Office Space, Wadsworth

      Class A Office Suites, Medina County
      1255 High St, Wadsworth, OH 44281
      View Details
    • $13 SF/Yr
      1,529 SF

      Wadsworth Office Suite for Rent

      Office suite with exam rooms, kitchenette, and ample parking.
      1197 High St, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      2,935 SF

      Retail Space Near Major Retailers

      2,935 SF retail space near Target, Lowes, and Kohl’s.
      1114 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • $20 SF/Yr
      640 SF

      Downtown Wadsworth Office Space

      Vintage brick office building in the heart of Wadsworth.
      102 Main St, Wadsworth, OH 44281
      View Details
    • Contact for pricing
      1,580 SF

      Retail Space in Wadsworth Crossings

      Retail spaces and land available in premier shopping destination.
      1090 Williams Reserve Blvd, Wadsworth, OH 44281
      View Details
    • $12 SF/Yr
      74,074 SF

      Prime Retail Leasing Opportunity

      Retail space for lease in high-traffic Wadsworth, OH.
      201-251 Great Oak Trl, Wadsworth, OH 44281
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6035 Airport Dr
    Wadsworth, OH 44281
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.