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

    Russell Rd Maumee, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for rent, ideal for future development.

    Type:LAND
    Lot size:
    8.90 Acres
    Added:
    Nov 29, 2023
    Days on Market:
    877
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for Russell Rd

    General Information

    Standard status
    Active
    Lot size
    8.90 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Russell Rd Contact us

    We can help!

    Listing Contact
    Igal Nassim

    Listing agent Igal Nassim

    Listing office Mason Asset Management - Corporate

    Listing date Nov 29, 2023

    Source Moodyscre

    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 Mason Asset Management - Corporate

    Overview

    Land for Future Development

    This land is available for rent and designated as a future development area. The property is located approximately 11 miles from downtown Toledo, Ohio. It is situated immediately off of US Route 24, and less than one mile from the interchange for I-475 and US Route 23.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7077
    Latitude
    41.5394

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Arrowhead Park

      1715 Indian Wood Cir, Unit 200, Maumee, OH 43537
      View Details
    • $15 SF/Yr

      Well-Maintained Office in Business Park

      Office space for rent with quick highway and retail access.
      3410 Briarfield Blvd., Maumee, OH
      View Details
    • Contact for pricing

      Retail Space in Arrowhead Business Park

      Retail space available in a large mixed-use development.
      1643 Tollgate Drive, Maumee, OH 43537
      View Details
    • $13 SF/Yr

      Retail Space in Busy Center

      Retail suite in a busy strip center with frontage.
      300-342 W Dussel Dr, Maumee, OH
      View Details
    • Contact for pricing

      Office Space in Park-Like Setting

      Office property in The Woodlands with a park-like setting.
      1695 Indian Wood Circle, Maumee, OH 43537
      View Details
    • Contact for pricing

      Retail Space in Uptown Maumee

      Exceptional retail opportunity in Maumee's vibrant DORA district.
      125 and 129 W. Wayne St, Maumee, OH 43537
      View Details
    • $6,000/Mo

      Well-Maintained Warehouse with Drive-Thru Bay

      Clean warehouse with multiple overhead doors and easy highway access.
      460 W Dussel Dr, Maumee, OH
      View Details
    • $14 SF/Yr

      Medical Suite in Arrowhead Park

      Medical suite featuring multiple exam rooms and office spaces.
      1655-1657 Holland Rd, Maumee, OH
      View Details
    • Contact for pricing

      Arrowhead Business Park Office Space

      Office space in premiere Arrowhead Business Park, Maumee, OH.
      571 Longbow Dr, Maumee, OH
      View Details
    • $14 SF/Yr

      Maumee Office Space Available

      Corner office space in Maumee, close to amenities.
      1446 Reynolds Rd, Maumee, OH
      View Details
    • $14 SF/Yr

      Retail Space at Arrowhead Park

      Retail space available at a busy intersection in Arrowhead Park.
      425-491 W Dussel Dr, Maumee, OH
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Maumee, Ohio.
      302 W Sophia St, Maumee, OH 43537
      View Details

    FAQs

    What type of property is this?
    Land - Land available for rent, ideal for future development.
    Where is this land located?
    The property is located at Russell Rd Maumee, OH.
    What are key features of this property?
    This property features: Immediately off US Route 24; Less than one mile from I‑475/US Route 23 interchange; Approximately 11 miles from downtown Toledo
    (516) 371-5858 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Igal Nassim
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!