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Class A Executive Office Building
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1827 Richards Rd, Toledo, OH 43607

Class A office building on a wooded campus with private offices, conference space, and a climate-controlled parking garage.

Space Size46,814 SF
Days on Market550

Property Features for 1827 Richards Rd

General Information

Standard status Active
Size 46,814 SF
Class A
Total Parking Spaces 18
Property subtype OFFICE
Lease Type NNN

Additional Details

Highway Access Yes
Office Units 38

Amenities

fitness center
locker area
sauna room
conference rooms
meeting venue
IT infrastructure
UPS backup power
generators
underground parking garage

Spaces For Lease

at 1827 Richards Rd Contact us

1801 Richards Rd $17/SF/Yr

Floor
Bldg
Size
46,814 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Class 'A' executive office building situated on a 9+ acre wooded campus. - 38...
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Listing Agency: Reichle | Klein Group
Listed By: Martin F Gallagher
Source: Moodyscre
Added: Mar 13, 2025 Changed: Sep 10 Last Checked: Sep 13 at 6:37AM

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.

Class A executive office building located on a 9+ acre wooded campus. The offering includes 38 private offices, eight conference rooms, and a large meeting venue. On-site amenities include a fitness center with a locker area and a large sauna room. The building also features large private executive suites with adjoining conference rooms.

The property is approximately 2 miles south of I-475 and about 3 miles east of US-23. Parking is provided via an underground climate-controlled parking garage with 18+/- spaces.

Operational reliability is supported by a robust IT infrastructure with Verizon, AT&T, and Buckeye Fiber available in the building, along with a new uninterruptable power system (UPS) and two separate generators for backup power. The property notes numerous upgrades throughout.

Key Highlights

  • Class A executive office building on a 9+ acre wooded campus
  • 38 private offices plus 8 conference rooms and a large meeting venue
  • Fitness center with locker area and a large sauna room

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Restaurant Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38
Office units
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

112
Businesses Nearby

Demographics for 43607, OH

20,494
Population
10,568
Households
1.9
Avg Household Size
34
Median Age
22%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,846
Density / Sq Mi
$37,442
Median Household Income
$23,208
Median Earnings
$881
Median Rent
$73,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Toledo, OH

$14.63 /SF/Yr
Avg Asking Price
$12–$22 /SF/Yr
Price Range
45,943 SF
Avg Space Size

This space is priced 16% above the average of $14.63 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class A office building on a wooded campus with private offices, conference space, and a climate-controlled parking garage.
Where is this office building located?
The property is located at 1827 Richards Rd Toledo, OH.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Class A executive office building on a 9+ acre wooded campus; 38 private offices plus 8 conference rooms and a large meeting venue; Fitness center with locker area and a large sauna room
(419) 654-6070 Call to check price and availability
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