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

    203 205 221 & 223 W Sophia Street Maumee, OH 43537

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

    Warehouse property in Maumee, Ohio available for purchase.

    Type:Industrial
    Property size:
    9,427 SF
    Added:
    Jun 13, 2024
    Days on Market:
    674
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 203 205 221 & 223 W Sophia Street

    General Information

    Standard status
    Active
    Size
    9,427 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Megan Malczewski

    Listing agent Megan Malczewski License #Ohio and Michigan

    Listing office Signature Associates

    Listing date Jun 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 Signature Associates

    Overview

    Maumee Warehouse Property for Sale

    This commercial real estate offering consists of a warehouse property with a total size of 9427 square feet. The interior office area has been updated in recent years and is reported to be in good condition. The property is located on W. Sophia Street in Maumee, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hoffman Builders Construction Company Hold Fast Protective ... Auto Parts Store

    Suggested Use

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

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

    Similar Places Nearby

    • The Andersons — 515 Illinois Ave, Maumee, OH 43537
    • Maumee Self Storage — 501 W Sophia St, Maumee, OH 43537
    • Southside Self Storage — 1340 Conant St, Maumee, OH 43537
    • Sophia Self Storage — 525 W Sophia St, Maumee, OH 43537

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.657631
    Latitude
    41.5648698

    Nearby Similar for Sale

    • $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

      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
    • $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
    • $925,000
      12,222 SF

      Redevelopment Opportunity in Toledo, OH

      Spacious building suitable for multifamily redevelopment with scenic views.
      6048 Deer Park Ct, Maumee, OH
      View Details
    • $135,000

      Move-In Ready Condo with Golf View

      Two-bedroom condo with pool and golf course views.
      6640 Salisbury Road, Maumee, OH 43537
      View Details
    • $499,000
      6,783 SF

      Two-Story Office Building in Maumee

      6,783 SF office building for sale or lease.
      6455 Wheatstone Ct, Maumee, OH 43537
      View Details
    • $1,100,000

      Retail Opportunity on River Road

      Retail property for sale on River Road.
      301 River Rd, Maumee, OH 43537
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse property in Maumee, Ohio available for purchase.
    Where is this warehouse located?
    The property is located at 203 205 221 & 223 W Sophia Street Maumee, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Updated interior office area.; Interior is in good condition.; Year Built: 1955.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Megan Malczewski
    Real Estate License ID: Ohio and Michigan
    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!