1909 Williamsburg WayLouisville, OH 44641

Property Details for 1909 Williamsburg Way

Year built

2002

Construction

FRAME

Lot size

2.43 AC

Property size (Sq ft)

11,448 SF

Property type

Medical offices

Property subtype

Medical centers

APN

36-05440

APU

3605440

Description

This exceptional investment opportunity presents a 11,448 square foot, single-story Class B medical office building located at 1909 Williamsburg Way, Louisville, OH 44641. The property, built in 2002 and situated on a B5 zoned lot (APN 3605444), boasts a 7.02% cap rate and a strong net operating income (NOI) of $133,400. Currently 100% occupied by three tenants under a triple-net (NNN) lease with Aultman Health Foundation, the lease extends to January 1, 2043, providing long-term stability and predictable cash flow. The building offers modern amenities and ample parking, strategically located with easy access to major highways, making it highly attractive to both patients and medical providers. This multi-tenant property represents a secure and lucrative investment opportunity in a growing healthcare market. The asking price is $1,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,177,148

  6.5%

  $2,009,675

  7%

  $1,866,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,070,846

  Geo Method

  $1,070,846

• Alternative Use

  Use

  Valuation

  Residential

  $2,491,997

  Hospitality

  $2,282,656

  Educational

  $1,899,143

  Medical

  $1,964,457

  Retail

  $2,954,222

Location Insight

City

Louisville

County

Stark

State

Ohio

Latitude

40.85

Longitude

-81.2789

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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