Two-Unit Class B Office
1925 Indian Wood Circle Maumee, OH 43537
For Sale
$442,250
Class B office building with seven perimeter offices plus conference rooms, kitchen, and lobby and reception.
Property Size3,539 SF
Price / SF$124.96
Days on Market57
Property Features for 1925 Indian Wood Circle
General Information
Standard status
Active
Size
3,539 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
NAI Harmon Group
(419) 704-4724
Listed By:
Becky Beck · License #OH #SAL.2023004979
(419) 704-4724
Source:
Naiharmon
Added: Jun 3
Changed: Jul 21
Last Checked: Jul 29 at 3:44AM
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
Investment Insights
Based on property information with market context.
This Class B office building is configured as a two-condo property within Arrowhead Business Park in Maumee, Ohio. The space includes seven offices, six located along the perimeter, along with two perimeter conference rooms and a kitchen. A lobby and reception area support professional arrivals and day-to-day operations. Suite B is occupied and not included in the sale.
The property benefits from convenient access to major highways and is surrounded by nearby dining and retail. It is also close to a walking trail through the wooded area within the business park.
In addition to the office and conference room layout, the offering includes the lobby and reception space that can serve as a central front-of-house area for client-facing workflows.
The property benefits from convenient access to major highways and is surrounded by nearby dining and retail. It is also close to a walking trail through the wooded area within the business park.
In addition to the office and conference room layout, the offering includes the lobby and reception space that can serve as a central front-of-house area for client-facing workflows.
Key Highlights
- 3,539 SF Class B office building built in 1984 in Arrowhead Business Park (Maumee, Ohio)
- Owner‑user opportunity in a two‑condo office building; Suite B is occupied and not included in the sale
- Includes 7 offices, including 6 perimeter offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $13.20 |
| − Vacancy | −$7.7k | −$2.17 |
| EGI | $39.0k | $11.03 |
| − OpEx | −$9.8k | −$2.76 |
| NOI | $29.3k | $8.27 |
3,539 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$418.1K
$365.8K – $487.8K
NOI $29,266 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$647.7K
$566.8K – $755.7K
NOI $45,340 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class B office building with seven perimeter offices plus conference rooms, kitchen, and lobby and reception.
Where is this office units located?
The property is located at 1925 Indian Wood Circle Maumee, OH.
What is the asking price?
The asking price for this property is $442,250.
What are key features of this property?
This property features: 3,539 SF Class B office building built in 1984 in Arrowhead Business Park (Maumee, Ohio); Owner‑user opportunity in a two‑condo office building; Suite B is occupied and not included in the sale; Includes 7 offices, including 6 perimeter offices
