1000 Seville RdWadsworth, OH 44281

Property Details for 1000 Seville Rd

Year built

1996

Lot size

22.01 AC

Property size (Sq ft)

6,383 SF

Property type

Office buildings

APN

040-20C-12-037

APU

04020C12037

Description

This exceptional 110,300-square-foot industrial warehouse, situated on a generous 22-acre lot in Medina County's Akron submarket (Wadsworth, Canton, Seville cluster), presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2023, this Class C property boasts a single-story design with impressive ceiling heights ranging from 28 to 40 feet. The warehouse features eight loading docks, one drive-in door, and ample parking for 265 vehicles, ensuring efficient operations and convenient access. Currently configured for multiple tenants, a significant portion (16,400 square feet) is available for sublease, offering fully racked storage space ideal for various distribution needs. The property's strategic location near major highways provides excellent connectivity for regional and national distribution. The zoning is designated as Industrial, reflecting its suitability for a wide range of industrial and warehousing uses. This property offers a unique blend of established infrastructure and recent upgrades, making it an attractive option for businesses seeking a well-maintained and strategically located warehouse space. The 16,400 square foot sublease space includes one overhead door and two dock doors.

• CAP approach

  CAP return

  Valuation

  6%

  $1,375,750

  6.5%

  $1,269,930

  7%

  $1,179,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $597,066

  Geo Method

  $597,066

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,608,670

  Retail / Commercial

  $1,316,480

  Mixed-Use / Specialty

  $1,295,050

  Hospitality / Lodging

  $928,350

  Institutional / Educational

  $1,340,350

  Residential Income

  $1,568,210

  Multifamily

  $1,973,600

  Automotive / Energy

  $1,148,870

  Parking / Income-Based Land

  $412,995

  Restaurant / Food Service

  $637,852

  Healthcare / Senior Housing

  $1,345,210

Location Insight

City

Wadsworth

County

Medina

State

Ohio

Latitude

41.0125

Longitude

-81.7627

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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