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

    24862 Elliott Rd Defiance, OH

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

    6,000 square feet of office space for rent.

    Type:OFFICE
    Property size:
    6,000 SF
    Lot size:
    34.69 Acres
    Added:
    Nov 10, 2023
    Days on Market:
    899
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 24862 Elliott Rd

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    34.69 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 24862 Elliott Rd Contact us

    We can help!

    Listing Contact
    Mark Baringer
    Mark Baringer

    Listing agent Mark Baringer License ##SAL.0000272275

    Listing office NAI Harmon Group

    Listing date Nov 10, 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 NAI Harmon Group

    Overview

    Defiance Office Space Available

    This property offers 6,000 square feet of office space and is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keller Logistics Group Trucking Company Keller Warehousing & Co-Packing Warehouse & Storage Keller Delivery & Courier Trucking Company

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3425
    Latitude
    41.3095

    Nearby Similar for Lease

    • $20 SF/Yr

      Retail Space in Defiance, OH

      3,150 SF retail space available in neighborhood retail center.
      8959 State Route 66 N, Defiance, OH 43512
      View Details
    • Contact for pricing

      Historic Downtown Building Renovation

      Renovated historic building with restaurant and office space.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing

      Historic Downtown Building Renovation

      Prime location for restaurant or office space in Defiance, OH.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing

      Free Standing Building For Rent

      14,564 SF building with mezzanine and drive-up window.
      618 North Clinton Street, Defiance, OH, 43512
      View Details
    • Contact for pricing

      Industrial Facility in Defiance, Ohio

      70,000 SF industrial facility, expandable to 100,000 SF.
      25490 Commerce Drive (Spec Building), Defiance, OH 43512
      View Details
    • $20 SF/Yr

      Retail Space with High Visibility

      Retail space with frontage on State Route 66.
      8959 OH-66, Defiance, OH
      View Details
    • $8 SF/Yr

      Retail Space Near Kroger

      Retail space available in shadow-anchored shopping center.
      1838-1858 E 2nd St, Defiance, OH
      View Details
    • Contact for pricing

      Defiance Retail Space For Lease

      Retail or office space with high visibility and ample parking.
      319 E 2 St, Defiance, OH
      View Details
    • Contact for pricing

      Historic Building in Downtown Defiance

      Renovated historic building with restaurant and office space.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      3,150 SF retail space in well-maintained strip center.
      8959 OH-66, Defiance, OH 43512
      View Details
    • Contact for pricing

      Modern Retail/Office Center For Rent

      20,056 SF retail/office center constructed in 2013.
      100 Stadium Drive, Defiance, OH 43512
      View Details
    • Contact for pricing

      Defiance Retail Space Available

      Retail spaces for rent at 1838 & 1858 E. Second Street.
      1838 & 1858 E. Second Street, Defiance, OH 43512
      View Details

    FAQs

    What type of property is this?
    Office units - 6,000 square feet of office space for rent.
    Where is this office units located?
    The property is located at 24862 Elliott Rd Defiance, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 6,000 square feet of office space
    (419) 438-5839 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Baringer
    Mark Baringer
    Real Estate License ID: #SAL.0000272275
    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!