Maumee Office Building For
1691 Woodlands Dr Maumee, OH 43537
For Sale
Contact for pricing
Office building with 16,952 square feet available for sale.
Property Size16,952 SF
Price / SF$109.13
Days on Market685
Property Features for 1691 Woodlands Dr
General Information
Standard status
Active
Size
16,952 SF
Property subtype
Office
Building Details
Year Built
1994
Listing Agency:
Reichle | Klein Group
Listed By:
Marty Gallagher, SIOR · License #OH 0000334781
Source:
Crexi
Added: Sep 13, 2024
Changed: Jul 6
Last Checked: Jul 27 at 8:02PM
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.
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.
Key Highlights
- Year Built: 1994
- View Complete Property Profile Here: http:\/\/properties.rkgcommercial.com\/1691‑woodlands‑drive‑sale
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.8k | $13.20 |
| − Vacancy | −$36.9k | −$2.17 |
| EGI | $186.9k | $11.03 |
| − OpEx | −$46.7k | −$2.76 |
| NOI | $140.2k | $8.27 |
16,952 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.34M
NOI $140,184 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.62M
NOI $217,181 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
