Quality Inn Hotel Near
For Sale
Contact for pricing
10621 Fremont Pike, Perrysburg, OH 43551
Select-service hotel with Interstate 75 access and proximity to Toledo-area employment, education, retail, and leisure destinations.
Property Size34,520 SF
Price / SF$136.15
Days on Market10
Property Features for 10621 Fremont Pike
General Information
Standard status
Active
Size
34,520 SF
Property subtype
Hospitality
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1970
Year Renovated
2025
Stories
2
Listing Agency:
Matthews
Listed By:
Mitchell Glasson · License #02016029
Source:
Crexi
Added: Aug 3
Changed: Aug 12
Last Checked: Aug 12 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
Quality Inn Perrysburg is a 34,520-square-foot select-service hotel built in 1970. The property operates under the Quality Inn flag, part of the Choice Hotels brand family, and is positioned near Interstate 75 for regional highway access.
The hotel is located in Perrysburg, within reach of Downtown Toledo, the University of Toledo, Owens Community College, and manufacturing, logistics, and distribution employers in the Toledo metropolitan area. Named nearby employment operations include First Solar, Owens Corning, O-I Glass, and Amazon. Additional surrounding demand sources include Levis Commons, the Toledo Zoo, and Hollywood Casino Toledo.
The hotel is located in Perrysburg, within reach of Downtown Toledo, the University of Toledo, Owens Community College, and manufacturing, logistics, and distribution employers in the Toledo metropolitan area. Named nearby employment operations include First Solar, Owens Corning, O-I Glass, and Amazon. Additional surrounding demand sources include Levis Commons, the Toledo Zoo, and Hollywood Casino Toledo.
Key Highlights
- 34,520‑square‑foot hotel built in 1970
- Quality Inn flag affiliated with Choice Hotels
- Positioned near Interstate 75 in Perrysburg
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$209,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,181,240
$4.2M
Cap Rate 7%
$2,986,600
$3.0M
Cap Rate 9%
$2,322,911
$2.3M
Market Conditions
NOI Build-Up for 34,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$517.8K $15.00/SF
− Vacancy
−$77.7K −$2.25/SF
EGI
$440.1K $12.75/SF
− OpEx
−$231.1K −$6.69/SF
NOI
$209.1K $6.06/SF
Area
Wood County, OH
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,181,240
Cap Rate 7%
$2,986,600
Cap Rate 9%
$2,322,911
Alternative Uses
Best Use
Hotel Hospitality
$2.99M
$2.61M – $3.48M
NOI $209,062 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.04M
$7.04M – $9.38M
NOI $562,836 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 43551, OH
43,235
Population
19,434
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
77.6 sq mi
ZIP Area
557
Density / Sq Mi
$91,460
Median Household Income
$58,846
Median Earnings
$1,185
Median Rent
$284,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Select-service hotel with Interstate 75 access and proximity to Toledo-area employment, education, retail, and leisure destinations.
Where is this hotel located?
The property is located at 10621 Fremont Pike Perrysburg, OH.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 34,520‑square‑foot hotel built in 1970; Quality Inn flag affiliated with Choice Hotels; Positioned near Interstate 75 in Perrysburg
