Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    101 17Th St Genoa, OH 43430

    Sponsored
    For Sale
    $175,000

    High-traffic location, 7 offices, 2 baths

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    353
    This centrally located 175,000 USD commercial property at 101 E 17th Street, Unit 101, Genoa, OH, sits on a 0.34-acre lot. The building is ideally situated in a high-traffic area, making it perfect for a variety of businesses. The interior features seven individual offices, each equipped with built-in cabinets and a sink, providing ample workspace for employees or clients. Two full bathrooms are conveniently located for staff and visitors. A spacious waiting area greets guests upon entry through a welcoming foyer, leading to a large reception area complete with a slider window. An additional room, previously used as an x-ray room, offers versatile space, along with a janitor's closet containing a wash sink basin. The building's history includes use as a doctor's office and, more recently, as a tax consultant business and consignment shop, demonstrating its adaptability to diverse commercial needs. The property's size and layout offer significant potential for a range of commercial ventures. The high-traffic location ensures excellent visibility and accessibility for customers. This versatile space presents a unique opportunity for an entrepreneur or established business seeking a well-maintained and conveniently located commercial property.

    Property Features for 101 17Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Diana Johnson

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Genoa
    County
    Ottawa
    State
    Ohio
    Longitude
    -83.35831
    Latitude
    41.53003

    Nearby Comparable

    • $175,000
      0.34 Acres

      Genoa Commercial Building - High Traffic

      Prime Genoa location, versatile space, needs updating.
      101 17Th St, Genoa, OH 43430
      View Details
    • $90,000
      3 SF

      Commercial Land on State Route

      Three acres of commercial land with frontage on State Route.
      State Route 51, Genoa, OH 43430
      View Details
    • $270,000

      Commercial Land Near Main Street

      Commercial land with frontage on SR 51, Genoa, OH.
      State Route 51, Genoa, OH 43430
      View Details
    • $485,000
      5,838 SF

      Turnkey Catering Business & Building

      Established Catering Business, Real Estate Included
      1460 Woodville Rd, Millbury, OH 43447
      View Details
    • $4,029,000

      Prime Commercial Land Opportunity

      10-acre outlot near major transportation routes and national tenants.
      Fremont Pike, Perrysburg, OH 43551
      View Details
    • $6,198,500
      124.00 Acres

      Prime Perrysburg Development Land

      124 Acres, $6.2M, Industrial Potential
      0 Fremont Pike At Lowry Dr, Perrysburg, OH 43551
      View Details
    • $100,000
      1.74 Acres

      Perrysburg Commercial Land - $100K

      1.74 Acres, Agricultural Zoning, I-80/90 Access
      3318 Lowry Dr, Perrysburg, OH 43551
      View Details
    • $1,280,000

      42 Acres Development Land

      Two parcels totaling 42 acres, ideal for development.
      5538 Navarre Ave, Oregon, OH 43616
      View Details
    • $90,000

      Northwood Home with Community Pool

      Two-bedroom home in Northwood with renovated community pool.
      3716 Lake Pointe Dr, Northwood, OH 43619
      View Details
    • $549,000
      5,940 SF

      Versatile Warehouse with Rail Access

      5,940 SF warehouse featuring rail access and ample space.
      28510 Lemoyne Rd, Millbury, OH 43447
      View Details
    • $1,900,000
      11,700 SF

      Clean Shop on 17 Acres

      Renovated shop with office space on 17 acres.
      27681 Cummings Rd, Millbury, OH 43447
      View Details
    • $253,000

      Commercial Vacant Land Opportunity

      Commercial vacant land available outside of Perrysburg, Ohio.
      Lemoyne Rd, Perrysburg, OH 43551
      View Details

    Nearby Similar for Sale

    • $175,000
      0.34 Acres

      Genoa Commercial Building - High Traffic

      Prime Genoa location, versatile space, needs updating.
      101 17Th St, Genoa, OH 43430
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 7 offices, 2 baths
    Where is this commercial real estate located?
    The property is located at 101 17Th St Genoa, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    (419) 707-1156
    Request Owner's contact information
    101 17Th St Genoa, OH 43430
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 17Th St
    Genoa, OH 43430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 17Th St Genoa, OH 43430
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diana Johnson
    (419) 707-1156
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.