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

    8616 Central Ave Sylvania, OH 43560

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

    Multiple land parcels available for sale in Sylvania Township.

    Lot size:
    18.93 Acres

    Property Features for 8616 Central Ave

    General Information

    Lot size
    18.93 Acres

    We can help!

    Listing Contact
    Ryan Miller
    Ryan Miller
    Source: Moodyscre

    Listing Agency: Reichle | Klein Group Listing Agent: Ryan Miller

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

    Learn more

    Property Insight Report

    Overview

    Sylvania Township Land Parcels

    Multiple parcels of land are available for sale in Sylvania Township. Parcel 'A', located at 8616 Central Ave, encompasses approximately 18.93 acres and is zoned MX (C-2 / M-2). Parcel 'B', situated at 8730 Central Ave, spans approximately 22.75 acres and is zoned MX (C-2 / A-3). Parcel 'C', located at 3310 Herr Rd, consists of approximately 32.54 acres and is zoned MX (PUD / M-2). The parcels can be sold separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7505539
    Latitude
    41.6794746

    Nearby Similar for Sale

    • $99,000

      Turnkey Salon in Sylvania

      Established salon for sale in Sylvania's Downtown business district.
      5758 Main St, Sylvania, OH 43560
      View Details
    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
      6450 Monroe St, Sylvania, OH 43560
      View Details
    • $900,000
      3,365 SF

      Sylvania Car Wash For Sale

      Well-maintained car wash with updated equipment in Sylvania, Ohio.
      7528 Sylvan Towne Dr, Sylvania, OH 43560
      View Details
    • $925,000
      8,784 SF

      Toledo Office Building: Prime Location

      8,784 SF Office Space - $925,000
      6711 Monroe St, Sylvania, OH 43560
      View Details
    • $495,000
      2,504 SF

      Executive Office Building in Sylvania, OH

      Prime Sylvania Office Space - $495,000
      5800 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      0.21 Acres

      Sylvania Office Suites - Available Now

      Three private suites, perfect for salons or offices. Utilities included.
      6419 Monroe St, Sylvania, OH 43560
      View Details
    • $228,000
      2,900 SF

      Sylvania Medical Office Condo

      2,900 SF Medical Office - $228K
      5800 Monroe St -, Sylvania, OH 43560
      View Details
    • Contact for pricing
      45,676 SF

      Sylvania Office Building Investment Opportunity

      45,676 SF office building in Sylvania, Ohio for sale.
      5855 Monroe St, Sylvania, OH 43560
      View Details
    • $925,000
      8,784 SF

      Sleek Office Space Available

      Open floor plan office space in prime location.
      6711 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      5.42 Acres

      Sylvania Industrial Space - 5 Acres

      Spacious Shop, Office, & Parking Available
      3406 Silica Rd, Sylvania, OH 43560
      View Details
    • $1,675,000
      22,345 SF

      Class A Executive Office Space

      Executive office space with wooded views in Sylvania, Ohio.
      6444 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      2.56 Acres

      Sylvania Retail Opportunity

      14,564 SF Vacant Rite Aid Building
      8310 Sylvania-Metamora Rd, Sylvania, OH 43560
      View Details

    FAQs

    What type of property is this?
    Land - Multiple land parcels available for sale in Sylvania Township.
    Where is this land located?
    The property is located at 8616 Central Ave Sylvania, OH.
    What are key features of this property?
    This property features: - Multiple parcels available, offering flexibility for development.; - MX Zoning allows for a variety of commercial and industrial uses (C-2 / M-2 / A-3 / PUD).; - Parcel 'C' offers the largest acreage at **32.54 +/- Acres**.
    (419) 861-1100 Call to check price and availability
    Request Owner's contact information
    8616 Central Ave Sylvania, OH 43560
    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.
    8616 Central Ave
    Sylvania, OH 43560
    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
    8616 Central Ave Sylvania, OH 43560
    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 Ryan Miller
    Ryan Miller
    Real Estate License ID: 2011003129
    (419) 861-1100 (419) 794-3961
    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!