Furnished Office
16406 E Us Route 224 2nd Floor, Findlay, OH 45840
For Sale
Contact for pricing
The office includes furniture and cubicles, with a separate conference room and restrooms.
Property Size2,949 SF
Price / SF$0.01
Days on Market114
Property Features for 16406 E Us Route 224 2nd Floor
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Furnished
Additional Details
Property Use
Amenities
conference room
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HS Koehler
Listed By:
James Koehler · License OH #2002004776
(419) 422-4082
Source:
Nwohiohomes
Added: Jul 20
Changed: Nov 9
Last Checked: Nov 10 at 9:45AM
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 Berkshire Hathaway HS Koehler
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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
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$822.6K
$719.7K – $959.7K
NOI $57,579 @ 7.0% cap
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 2nd Floor 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
