First-Floor Office
4428 Secor Rd Toledo, OH 43623
4428 Secor Rd, Toledo, OH, 43623
Contact for pricing
For Sale
Contact for pricing
Immediately available first-floor office space offers multiple suite configurations and ample on-site parking.
Property Size1,710 SF
Price / SF$225.15
Days on Market707
Property Features for 4428 Secor Rd
General Information
- Standard status
- Active
- Size
- 1,710 SF
- Property subtype
- OFFICE
Listing agency
Reichle | Klein Group
(419) 794-3961
Listed by
Ryan Miller · License #2011003129
Source
Moodyscre
Added: Aug 14, 2024 Updated: Jul 21 at 3:09AM Checked: Jul 21 at 3:09AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This for-sale office property features immediately available first-floor office space with multiple suite configurations. Available space can support up to 3,591 square feet, making it suitable for a range of office layouts within a single building.
The property provides approximately 67 on-site parking spaces and offers convenient access to I-475. Nearby retailers listed in the remarks include Jing Chuan, West Toledo Animal Hospital, Toledo Thai Restaurant, Taco Bell, Walgreen’s, Kroger, and Best Buy.
Financial information is available upon qualified request.
The property provides approximately 67 on-site parking spaces and offers convenient access to I-475. Nearby retailers listed in the remarks include Jing Chuan, West Toledo Animal Hospital, Toledo Thai Restaurant, Taco Bell, Walgreen’s, Kroger, and Best Buy.
Financial information is available upon qualified request.
Key Highlights
- 7.9% cap on in‑place income (per provided remarks)
- Immediately available first‑floor office space up to 3,591 SF
- Multiple suite configurations available
Local 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 | $25.7k | $15.00 |
| − Vacancy | −$4.9k | −$2.87 |
| EGI | $20.8k | $12.14 |
| − OpEx | −$5.2k | −$3.03 |
| NOI | $15.6k | $9.10 |
1,710 SF · lease $15.00/SF/yr · vacancy 19.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$222.3K
$194.5K – $259.4K
NOI $15,563 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sales College of NWO
College
Academy of Medicine of Toledo ...
Medical School
Better Sleep Labs
Medical Clinic
Kidz Being Kidz ...
Daycare Center
Toledo Home Healthcare ...
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Immediately available first-floor office space offers multiple suite configurations and ample on-site parking.
Where is this office units located?
The property is located at 4428 Secor Rd Toledo, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 7.9% cap on in‑place income (per provided remarks); Immediately available first‑floor office space up to 3,591 SF; Multiple suite configurations available
