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Property profile & analytics
OFF-MARKET
Medical Office Space

853 Norwalk W Rd Norwalk, OH 44857-9262

2,269 SF 1.71 ac lot Built 1977
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-2545836
Property summary
AI-generated overview

This exceptional commercial property, located at 853 S Norwalk Road in Norwalk, Ohio, presents a fantastic opportunity for a variety of businesses. Currently configured as a doctor's office, the building offers 2,269 square feet of well-appointed space on the main level. The layout includes a spacious waiting area, four examination rooms, a dedicated lab, a private office, a reception area, and two half bathrooms. This functional design is ideal for medical practices, but could easily be adapted to suit other professional office uses. The property also boasts a significant advantage with an unfinished lower level, adding an additional 1849 square feet of space with a separate exterior entrance. This expansive lower level presents considerable potential for expansion, storage, or even the creation of additional office space. The 0.75-acre lot provides ample parking and outdoor space. The building's convenient location just south of Norwalk ensures easy access for clients and employees. Priced at $229,900, this property offers a compelling combination of existing functionality and significant growth potential. Don't miss this chance to acquire a versatile and well-situated commercial building in a desirable location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Total area 2,269 SF
Lot 1.71 ac (74,400 SF)
APN 30-0040-03-005-0000
UPID US66-2545836
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
  • Koehn Stephanie Employment Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
853 Properties LLC · 1 yrs held
853 Properties LLC
since 2025
1 recorded transaction
2025
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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