Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701-709 Madison Ave Toledo, OH 43604

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained office building in Toledo's Central Business District.

    Property size:
    1,434 SF
    Lot size:
    0.47 Acres

    Property Features for 701-709 Madison Ave

    General Information

    Size
    1,434 SF
    Lot size
    0.47 Acres

    We can help!

    Listing Contact
    John Sluhan
    John Sluhan
    Source: Moodyscre

    Listing Agent: John Sluhan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Art Deco Office Space

    This beautifully maintained Art Deco building is located in the Central Business District. Suites are available, ranging in size from 435 square feet to 7,000 square feet. The property features large windows and terrazzo floors. Lobby security is provided. Parking is available through the landlord at any Kwik Park location. Utilities and janitorial services are included.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.53807
    Latitude
    41.6527297

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      OH, Toledo - Franklin Park

      Discover many ways to work your way in University Executive Park
      3950 Sunforest Ct, Toledo, OH 43623
      View Details
    • $20 SF/Yr
      10,872 SF

      Medical Space on Sylvania Avenue

      Sub-lease opportunity: 6,023 SF medical space with high visibility.
      3546 W Sylvania Ave, Toledo, OH 43623
      View Details
    • Contact for pricing
      133,750 SF

      Downtown Toledo Office Suites Available

      Move-in ready office suites in the heart of downtown Toledo.
      420 Madison Ave, Toledo, OH 43604
      View Details
    • $5 SF/Yr
      187,124 SF

      Retail Space in Airport Square

      Retail suites available in established South Toledo shopping center.
      5225 Airport Hwy, Toledo, OH 43615
      View Details
    • $10 SF/Yr
      17,644 SF

      Toledo Warehouse with Office Space

      17,644 SF warehouse with 2,000 SF office space for lease.
      5625 Enterprise Blvd, Toledo, OH 43612
      View Details
    • $1,200 /Mo

      Retail Space Near Byrne Road

      Retail space for lease in South Toledo near major retail.
      803 S Byrne Rd, Toledo, OH 43609
      View Details
    • $610 /Mo

      Ottawa Hills Office Space Available

      Second floor office space for lease in Ottawa Hills.
      4334 Central Ave, Toledo, OH 43615
      View Details
    • $9 SF/Yr
      3,000 SF

      Retail Space in Toledo, OH

      Retail space available with diverse anchor tenants in Toledo.
      627-631 E Manhattan Blvd, Toledo, OH 43608
      View Details
    • $7 SF/Yr
      2,970 SF

      Freestanding Flex Space with Showroom

      Freestanding flex space with showroom, restroom, and high ceilings.
      2295 Starr Ave, Toledo, OH 43605
      View Details
    • $12 SF/Yr
      1,535 SF

      Retail Space with High Visibility

      Retail space with excellent frontage and ample parking.
      5325 Airport Hwy, Toledo, OH 43615
      View Details
    • $10 SF/Yr
      3,680 SF

      Historic Office Building in Toledo

      7,360 SF office/retail space for lease in Toledo's business district.
      1600 Madison Ave, Toledo, OH 43604
      View Details
    • $18 SF/Yr
      2,718 SF

      Downtown Toledo Retail Space Available

      Mixed-use property in the Warehouse District near Fifth Third Field.
      608 Market St, Toledo, OH 43604
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office building in Toledo's Central Business District.
    Where is this office units located?
    The property is located at 701-709 Madison Ave Toledo, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Central Business District location; - Utilities and janitorial included; - Suites available from 435 SF to 7,000 SF
    (419) 861-1100 Call to check price and availability
    Request Owner's contact information
    701-709 Madison Ave Toledo, OH 43604
    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.
    701-709 Madison Ave
    Toledo, OH 43604
    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
    701-709 Madison Ave Toledo, OH 43604
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Sluhan
    John Sluhan
    Real Estate License ID: 2005004275
    (419) 861-1100 (419) 283-9634
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!