Norton, OH 44203

Norton, , 44203 View full address View full address
Listed at: January 26th, 2026
Price
$1 350 000
ARV
$0
  • Sq. Footage
    13,996
  • Type
    Multi-Tenant Office
  • Parking
  • Year Building
    1990
  • Lot size
    1.48 Acres
  • Bedrooms
  • Bathrooms
  • Half Bathrooms

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Summary

Asset Type: Multi-Tenant Office / Service Plaza
Building Size: 13,996 SF | 2 Stories
Year Built: 1990
Zoning: B-3 Highway Business
Building Class: C
Parking: ±60 Surface Spaces
Lot Size: 1.48 Acres

Tenant Mix (Service-Based / Local)
  • Health Services
  • Insurance Office
  • Child Care
  • Dance Studio
  • Professional Services
  • Retail / Thrift
Occupancy:
  • 8 Occupied Suites
  • 1 Vacant Suite
Income SummaryIn-Place IncomeMonthly Gross: $10,950
  • Annual Gross: $131,400
Stabilized Income (Vacancy Filled)Projected Annual Gross: ~$141,000
  • Vacancy Upside: $1,500–$2,000/month
Operating Expenses
  • Total Annual Expenses: ~$35,000
Expense Ratio: ~25%
  • Landlord pays utilities for 5 suites (included above)
NOI & Cap Rate AnalysisStabilized NOI (Pre-Reassessment):
  • NOI: ~$106,500
Post-Sale Tax Reassessment (Conservative):
  • Adjusted NOI: ~$92,000
Cap Rates @ $1,350,000In-Place (No Reassessment): ~7.9%Post-Reassessment: ~6.8%
  • Post-Reassessment + Lease-Up: ~7.1%–7.4% (NOI $96k–$100k)
Condition & CapEx Snapshot
  • Roof: ~10 years old
  • HVAC: Heat pumps in good condition
  • Well Pump: Replaced in 2024
  • Parking Lot: Regularly maintained
  • Suites refreshed between tenants
Investment HighlightsStabilized suburban service plazaBelow replacement cost (~$96/SF)Conservative underwriting assumptionsUpside via lease-up + utility reimbursements
  • Ideal for long-term hold or 1031 exchange
Location
  • High-traffic Wadsworth Rd corridor
  • Strong surrounding neighborhood retail & service demand

Wholesale Price: $1,350,000

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All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?

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OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.

The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.

REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.

Contact

Devon Alirez

Disposition

Questions? Give us a call

80-2 10- 2120

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