Uptown Maumee Mixed-Use
For Sale
$1,075,000
122 - 126 W Wayne St, Maumee, OH 43537
Mixed-use property in Uptown Maumee with modern access.
Property Size11,280 SF
Price / SF$95.30
Days on Market186
Property Features for 122 - 126 W Wayne St
General Information
Standard status
Active
Size
11,280 SF
Total Parking Spaces
15
Property subtype
Investment
Zoning
C-3
Building Details
Building Size
11,280 SF
Year Built
1945
Buildings
2
Stories
2
Listing Agency:
Signature Associates - Toledo
Listed By:
Keenan Fields
(419) 290-8334
Source:
Cpix.resimplifi
Added: Mar 3
Changed: Sep 2
Last Checked: Sep 5 at 3:46AM
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 Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This mixed-use property is located in Uptown Maumee, offering access to various amenities. The design modernizes and enhances access to Maumee’s core infrastructure. Sidewalk access is available to both commercial units and apartments, along with access from the rear parking lot. The property is situated less than 500 feet from Conant Street, which sees over 21,000 vehicles per day. It is also less than half a mile from Anthony Wayne Trail (US-24) and less than 2 miles from I-475/US 23. The property has a size of 11,280 square feet.
Key Highlights
- Prime Uptown Maumee location with easy access to all amenities.
- Modernized infrastructure enhances access for commercial and residential units.
- High visibility: Less than 500 ft. from Conant Street (21,000+ vehicles per day).
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
$96,743
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
9.00%
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%
$1,934,860
$1.9M
Cap Rate 7%
$1,382,043
$1.4M
Cap Rate 9%
$1,074,922
$1.1M
Market Conditions
NOI Build-Up for 11,280 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
$185.4K $16.44/SF
− Vacancy
−$30.7K −$2.72/SF
EGI
$154.8K $13.72/SF
− OpEx
−$58.0K −$5.15/SF
NOI
$96.7K $8.58/SF
Area
Lucas County, OH
Vacancy
16.53%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
37.50%
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%
$1,934,860
Cap Rate 7%
$1,382,043
Cap Rate 9%
$1,074,922
Alternative Uses
Best Use
Mixed Use
$1.38M
$1.21M – $1.61M
NOI $96,743 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.06M
$1.81M – $2.41M
NOI $144,514 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 43537, OH
29,075
Population
13,071
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
1,563
Density / Sq Mi
$85,919
Median Household Income
$49,020
Median Earnings
$1,017
Median Rent
$235,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Uptown Maumee with modern access.
Where is this mixed-use property located?
The property is located at 122 - 126 W Wayne St Maumee, OH.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Prime Uptown Maumee location with easy access to all amenities.; Modernized infrastructure enhances access for commercial and residential units.; High visibility: Less than 500 ft. from Conant Street (21,000+ vehicles per day).
