4018 Medina RdMedina, OH 44256

Property Details for 4018 Medina Rd

Year built

2000

Lot size

1.66 AC

Property size (Sq ft)

10,723 SF

Property type

Office properties

Property subtype

Office buildings

APN

026-06D-31-093

APU

02606D31093

Description

This exceptional 1,569 square foot medical office suite is ideally situated at the highly visible corner of Medina Road and Foote Road in Medina County. Built in 2004, this single-story building offers a well-appointed space perfect for medical professionals. Suite C boasts five private offices, a reception area, three restrooms, a kitchenette, and a comfortable waiting room, providing ample space for both staff and patients. The property features nine total parking spaces, ensuring convenient access for everyone. With a total building size of 14,083 square feet and a 1.66-acre lot, this property offers significant potential. The building benefits from a high traffic count exceeding 17,500 vehicles daily on Medina Road (SR-18), providing excellent visibility and accessibility. Less than two miles from the I-71/SR-18 interchange, this location offers easy access to major transportation routes. The property is zoned BL and has a common area maintenance (CAM) charge of $4.50 per square foot. This is a rare opportunity to secure a well-maintained, conveniently located medical office space in a thriving area. Don't miss this chance to establish or expand your practice in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,039,269

  6.5%

  $1,882,402

  7%

  $1,747,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,003,029

  Geo Method

  $1,003,029

• Alternative Use

  Use

  Valuation

  Residential

  $2,334,179

  Hospitality

  $2,138,096

  Educational

  $1,778,870

  Medical

  $1,840,048

  Retail

  $2,767,132

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1374

Longitude

-81.831

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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