Furnished Office
For Sale
Contact for pricing
16406 E Us Route 224, Findlay, OH 45840
The office includes furniture and cubicles, with a separate conference room and restrooms.
Property Size2,949 SF
Price / SF$0.01
Days on Market106
Property Features for 16406 E Us Route 224
General Information
Standard status
Active
Size
2,949 SF
Property subtype
Office
Space & Availability
Floor
First Floor
Condition
Turnkey
Furnished
Yes
Additional Details
Property Use
Office
Amenities
conference room
Building Details
Year Built
1988
Listing Agency:
Northwest Real Estate Services
Listed By:
Curt Sigg
(419) 438-8898
Source:
Nwohiohomes
Added: Jul 17
Changed: Oct 30
Last Checked: Oct 29 at 9:33PM
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 Northwest Real Estate Services
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Investment Insights
Based on property information with market context.
This office unit offers 2,949 square feet of space, including a 320-square-foot conference room on the second floor. Restrooms and office furniture, including cubicles, are part of the offering. The building was constructed in 1988.
The property is located in an office park and has a private parking lot with access from E US Route 224 in Findlay, Ohio.
The property is located in an office park and has a private parking lot with access from E US Route 224 in Findlay, Ohio.
Key Highlights
- 2,949 square feet of office space
- 320‑square‑foot conference room on the second floor
- Furniture and cubicles included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,240
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,800
$564.8K
Cap Rate 7%
$403,429
$403.4K
Cap Rate 9%
$313,778
$313.8K
Market Conditions
NOI Build-Up for 2,949 SF
Gross rent
$47.1K $15.96/SF
− Vacancy
−$9.4K −$3.19/SF
EGI
$37.7K $12.77/SF
− OpEx
−$9.4K −$3.19/SF
NOI
$28.2K $9.58/SF
Area
Hancock County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,800
Cap Rate 7%
$403,429
Cap Rate 9%
$313,778
Alternative Uses
Best Use
Office B
$403.4K
$353.0K – $470.7K
NOI $28,240 @ 7.0% cap · market cap 188,266.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$822.6K
$719.7K – $959.7K
NOI $57,579 @ 7.0% cap · market cap 383,860.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
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Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The office includes furniture and cubicles, with a separate conference room and restrooms.
Where is this office unit located?
The property is located at 16406 E Us Route 224 Findlay, OH.
What are key features of this property?
This property features: 2,949 square feet of office space; 320‑square‑foot conference room on the second floor; Furniture and cubicles included
