Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1691 Woodlands Dr Maumee, OH 43537

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building with 16,952 square feet available for sale.

    Type:Office
    Property size:
    16,952 SF
    Price / SF:
    $109/SF
    Added:
    Sep 13, 2024
    Days on Market:
    595
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1691 Woodlands Dr

    General Information

    Standard status
    Active
    Size
    16,952 SF
    Property subtype
    Office

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Marty Gallagher, SIOR

    Listing agent Marty Gallagher, SIOR License #OH 0000334781

    Listing office Reichle | Klein Group

    Listing date Sep 13, 2024

    Source Crexi

    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

    Overview

    Maumee Office Building For Sale

    This commercial real estate offering features an office building with a total size of 16,952 square feet. The property is located in Maumee, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UAW Region 2B Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.685049
    Latitude
    41.5879894

    Nearby Similar for Sale

    • Contact for pricing
      3,200 SF

      Premier Office Building in Woodlands

      Office building with high-glass entry, wooded location, and parking.
      1701 Woodlands Drive, Maumee, OH 43537
      View Details
    • $7,890,000

      Arrowhead Park Office Opportunity

      Office building on almost 10 acres in Arrowhead Park.
      1740 Indian Wood Cir, Maumee, OH 43537
      View Details
    • $7,890,000
      110,865 SF

      Arrowhead Park Office Building

      Office building in premier Toledo office development near major highways.
      1740 Indian Wood Cir, Maumee, OH 43537
      View Details
    • $895,000
      13,990 SF

      Maumee Industrial Property For Sale

      Industrial property with loading docks and overhead doors in Maumee.
      809-821 Ford St, Maumee, OH
      View Details
    • Contact for pricing
      11,280 SF

      Uptown Maumee Mixed-Use Property

      Mixed-use property in Uptown Maumee with modern access.
      122 - 126 W Wayne St, Maumee, OH, 43537
      View Details
    • Contact for pricing

      Class-A Office Building Available

      Class-A office building with immediate availability in a wooded setting.
      1705 - 1715 Indian Wood Circle, Maumee, OH 43537
      View Details
    • Contact for pricing

      Office Property with Highway Access

      Office property with convenient access to major highways and amenities.
      1684 Woodlands Dr, Maumee, OH 43537
      View Details
    • $600,000

      Maumee Office Space Available

      Office space for sale in Maumee, Ohio.
      1615 Holland Rd, Maumee, OH
      View Details
    • Contact for pricing

      Arrowhead Park Retail Space

      Retail space available in Arrowhead Park.
      1470 Ford Street, Suite C & D | Maumee, OH 43537
      View Details
    • $975,000
      22,080 SF

      Toledo Office Building For Sale

      22,080 SF office building in Toledo, OH for sale.
      6056 Deer Park Ct, Maumee, OH
      View Details
    • Contact for pricing
      14,848 SF

      Maumee Medical/Office Asset For Sale

      Professionally maintained multi-tenant medical/office asset in Maumee's commercial corridor.
      959 Illinois Avenue, Maumee, OH 43537
      View Details
    • $1,450,000
      16,952 SF

      Freestanding Office Building For Sale

      16,952 SF office building with a 5,000 SF meeting room.
      1691 Woodlands Dr, Maumee, OH
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with 16,952 square feet available for sale.
    Where is this office building located?
    The property is located at 1691 Woodlands Dr Maumee, OH.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Year Built: 1994; View Complete Property Profile Here: http:\/\/properties.rkgcommercial.com\/1691‑woodlands‑drive‑sale
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marty Gallagher, SIOR
    Real Estate License ID: OH 0000334781
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!