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Office Building and Land For Sale

1421 S Reynolds Rd, Toledo, OH

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For Sale

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Office building and vacant land near Reynolds and Airport Highway.

Type:OFFICE

Property size:

7,378 SF

Lot size:

0.92 Acres

Price / SF:

$112/SF

HighLights

Prime redevelopment opportunity near Reynolds and Airport Highway.
Large combined acreage of 0.99 acres with 375’ frontage.
Includes a 5,460 SF clean office building.
Excellent location with many national retailers nearby.
Additional 1,918 SF vacant house on the property.
Convenient access to I‑475 (1.5 miles).

We can help!

Listing Contact

David Mrachko

For Sale

Contact for pricing

Office building and vacant land near Reynolds and Airport Highway.

Type:OFFICE

Property size:

7,378 SF

Lot size:

0.92 Acres

Price / SF:

$112/SF

Added:: Nov 10, 2025
Days on Market:: 215
Last Refresh:: May 20 at 9:16 pm

Property Features for 1421 S Reynolds Rd

General Information

Standard status: Active
Size: 7,378 SF
Lot size: 0.92 Acres
Property subtype: OFFICE

We can help!

Listing Contact

David Mrachko

Listing agent David Mrachko License #2012003123

Listing office Hanna Commercial Real Estate | Ann Arbor

Listing date Nov 10, 2025

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 Hanna Commercial Real Estate | Ann Arbor

HighLights

Prime redevelopment opportunity near Reynolds and Airport Highway.
Large combined acreage of 0.99 acres with 375’ frontage.
Includes a 5,460 SF clean office building.
Excellent location with many national retailers nearby.
Additional 1,918 SF vacant house on the property.
Convenient access to I‑475 (1.5 miles).

Overview

The property consists of two parcels with a combined acreage of 0.99 acres and 375 feet of frontage on Reynolds Road. A 5,460 square foot office building, constructed in 1988, is situated on the northern parcel, which spans 0.396 acres. The southern parcel, covering 0.594 acres, includes a 1,918 square foot vacant house. This property presents a redevelopment opportunity near the intersection of Reynolds and Airport Highway, with proximity to national retailers such as Starbucks, Lowes, and Wendy’s. It is located 1.5 miles from I-475.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$110.7k	$15.00
− Vacancy	−$21.1k	−$2.87
EGI	$89.5k	$12.14
− OpEx	−$22.4k	−$3.03
NOI	$67.1k	$9.10

7,378 SF · lease $15.00/SF/yr · vacancy 19.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$959.3K

$839.4K – $1.12M (±1% cap)

NOI $67,149 @ 7.0% cap · market cap 8.10%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,951 @ 7.0% cap · market cap 10.37%

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

Property Profile Location Intelligence

Current Use by Public Records

Primary Care Network Physician Dr. Arshad Husain Physician

Suggested Use

Location Insight

Map
Local Demand

City: Toledo
County: Wood
State: Ohio
Longitude: -83.6645
Latitude: 41.6143

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For sale
Office buildings
OH
Toledo
1421 S Reynolds Rd

What type of property is this?

Office building - Office building and vacant land near Reynolds and Airport Highway.

Where is this office building located?

The property is located at 1421 S Reynolds Rd Toledo, OH.

What is the asking price?

The asking price for this property is $829,000.

What are key features of this property?

This property features: Prime redevelopment opportunity near Reynolds and Airport Highway.; Large combined acreage of 0.99 acres with 375’ frontage.; Includes a 5,460 SF clean office building.

1421 S Reynolds Rd, Toledo, OH

Office building and vacant land near Reynolds and Airport Highway.

Property Features for 1421 S Reynolds Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Free-Standing Retail Building

NNN Leased Investment Property

Freestanding Building at Ohio/Michigan Border

New Mixed-Use Building For Sale

Historical Building in Toledo Warehouse

Executive Building Office Space Available

Toledo Retail Property For Sale

Freestanding Retail Building For Sale

Flex Office and Warehouse Building

Historic Building in Prime Location

Established Car Wash Investment Property

Multi-Tenant Retail Strip Plaza

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