Updated Medical Office
For Sale
Contact for pricing
1809 S Main Street, Findlay, OH 45840
Medical practices can use a flexible layout with separate access points, private offices, and dedicated sinks.
Property Size2,000 SF
Price / SF$1.30
Days on Market18
Property Features for 1809 S Main Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Medical Office
Amenities
two separate entrances
reception/waiting area
private offices
dedicated sinks
client-facing bathrooms
private employee bathrooms
workstations with cabinetry and sink
new vinyl flooring
fresh paint
updated fixtures
Building Details
Year Built
1962
Listing Agency:
Northwest Real Estate Services
Listed By:
Curt Sigg
(419) 438-8898
Source:
Nwohiohomes
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 30 at 1:49AM
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.
Approximately 2,000 square feet of medical office space is arranged with two separate entrances connected by a shared hallway. Each section has a reception and waiting area plus four to five private offices, and six offices have dedicated sinks. The layout also includes two client-facing bathrooms, two private employee bathrooms, and two workstation areas with cabinetry and sinks. Vinyl flooring, paint, and fixtures are being updated, with the remodel expected to be complete by Nov. 1.
The property is at 1809 S Main Street in Findlay, Ohio. Use is restricted to medical-related practices.
The property is at 1809 S Main Street in Findlay, Ohio. Use is restricted to medical-related practices.
Key Highlights
- Approximately 2,000 square feet of medical office space
- Two entrances connect to a shared hallway
- Each section includes a reception/waiting area and four to five private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,152
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,040
$383.0K
Cap Rate 7%
$273,600
$273.6K
Cap Rate 9%
$212,800
$212.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$31.9K $15.96/SF
− Vacancy
−$6.4K −$3.19/SF
EGI
$25.5K $12.77/SF
− OpEx
−$6.4K −$3.19/SF
NOI
$19.2K $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%
$383,040
Cap Rate 7%
$273,600
Cap Rate 9%
$212,800
Alternative Uses
Best Use
Healthcare Medical
$338.4K
$296.1K – $394.9K
NOI $23,691 @ 7.0% cap · market cap 911.19%
Second Best
Office B
$273.6K
$239.4K – $319.2K
NOI $19,152 @ 7.0% cap · market cap 736.62%
Theoretical Best
Specialty Retail
$557.9K
$488.1K – $650.8K
NOI $39,050 @ 7.0% cap · market cap 1,501.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Under-served
Demand for This Use
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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
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical practices can use a flexible layout with separate access points, private offices, and dedicated sinks.
Where is this medical office space located?
The property is located at 1809 S Main Street Findlay, OH.
What are key features of this property?
This property features: Approximately 2,000 square feet of medical office space; Two entrances connect to a shared hallway; Each section includes a reception/waiting area and four to five private offices
