365 Crown Hill RdOrrville, OH 44667

Property Details for 365 Crown Hill Rd

Year built

1981

Lot size

2.10 AC

Property size (Sq ft)

11,024 SF

Property type

Medical offices

Property subtype

Medical centers

APN

59-02525-000

APU

5902525000

Description

This exceptional two-story medical office building, located at 365 S Crown Hill Rd in Orrville, Ohio, presents a unique leasing opportunity. The property boasts a total of 22,271 square feet, currently entirely vacant and available for lease. The building is comprised of two suites, with a minimum divisible space of 11,091 square feet and a maximum contiguous space of 11,180 square feet, offering flexibility for various medical practices. Built in 1981 and renovated in 1998, the Class B building is situated on a generous 2.11-acre lot, providing ample parking for patients and staff. Conveniently located in Wayne County, Ohio, with a zip code of 44667, the property features modern amenities including elevators. The C1 office zoning ensures suitability for a wide range of medical uses. The property's address is 365 S Crown Hill Rd, Orrville, OH 44667, and its APN is 59-02525.000. This is an excellent opportunity to establish or expand a medical practice in a well-maintained building with significant space and convenient parking. The building's size and layout offer potential for multiple tenants or a single large practice. Inquire today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,376,050

  6.5%

  $2,193,270

  7%

  $2,036,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,031,180

  Geo Method

  $1,031,180

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,505,410

  Retail / Commercial

  $2,273,670

  Mixed-Use / Specialty

  $2,236,670

  Hospitality / Lodging

  $1,603,340

  Institutional / Educational

  $2,314,900

  Residential Income

  $2,708,430

  Multifamily

  $3,408,580

  Automotive / Energy

  $1,984,200

  Parking / Income-Based Land

  $713,278

  Restaurant / Food Service

  $1,101,630

  Healthcare / Senior Housing

  $2,323,300

Location Insight

City

Orrville

County

Wayne

State

Ohio

Latitude

40.8353

Longitude

-81.7852

CBSA code

49300

CBSA name

WOOSTER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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