1030 Smith RdMedina, OH 44256

Property Details for 1030 Smith Rd

Year built

1987

Lot size

6.65 AC

Property size (Sq ft)

46,520 SF

Property type

Manufacturing properties

APN

028-19C-02-025

APU

02819C02025

Description

This exceptional 50,000 square foot industrial property, located at 1030 W Smith Rd, Medina, OH 44256, presents a significant investment opportunity. The single-story building, constructed in 1987, sits on a substantial 6.656-acre lot and is zoned I-1. The property features a single tenancy and is ideal for warehouse and manufacturing operations. With its spacious layout and convenient location in Medina, Ohio, this asset offers significant potential for a variety of industrial uses. The property's APN is 02819C02025. The asking price is $2,950,000. Medina is consistently ranked highly for its low crime rate, excellent schools, affordable housing, and low cost of living, making it an attractive location for businesses and employees alike. This property offers a rare combination of size, location, and functionality within a thriving community. The property consists of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $20,596,600

  6.5%

  $19,012,300

  7%

  $17,654,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,962,370

  Geo Method

  $6,962,370

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $9,594,640

  Mixed-Use / Specialty

  $9,438,470

  Hospitality / Lodging

  $6,765,910

  Office

  $9,255,360

  Institutional / Educational

  $9,768,610

  Residential Income

  $11,429,300

  Multifamily

  $14,383,800

  Automotive / Energy

  $8,373,100

  Parking / Income-Based Land

  $3,009,950

  Restaurant / Food Service

  $4,648,730

  Healthcare / Senior Housing

  $9,804,040

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1343

Longitude

-81.8966

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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