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799 N Court St Medina, OH 44256

Office buildings Google Maps
19,193 SF 1.74 ac lot Built 1963
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$510k
Range $459k – $561k (±10%)
Property ID US66-2702720

Property summary

AI-generated overview

This exceptional 13,640 square foot commercial property, located at 799 N Court Street in Medina, Ohio, presents a unique opportunity for businesses seeking flexible office or retail space. Built in 1963 and zoned C-2 Central Business, this multi-tenant building offers a range of options, with spaces divisible down to 500 square feet and contiguous space available up to 5,750 square feet. Currently, the entire 13,640 square feet is vacant, providing a blank canvas for a single tenant or the potential for multiple occupants. The property boasts ample parking with 80 spaces, ensuring convenient access for employees and clients. While some spaces have recently undergone renovations including new flooring, paint, and LED lighting, the landlord maintains all electrical and mechanical systems. The building's location in Medina County, Ohio, offers excellent visibility and accessibility within the central business district. This versatile property is ideal for a variety of uses, from professional offices to retail establishments, making it an attractive investment opportunity in a thriving Ohio community. The property's zip code is 44256.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Total area 19,193 SF
Lot 1.74 ac (75,969 SF)
APN 028-19A-13-212
UPID US66-2702720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Church
  • Medical Clinic Skin Care Clinic
  • Training Center Vocational School
  • Hair Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$510k

Owner & transaction history

since 2019
3 recorded transactions
2019
$1.2M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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