Maumee Warehouse Property for
203 205 221 & 223 W Sophia Street Maumee, OH 43537
203 205 221 & 223 W Sophia Street, Maumee, OH, 43537
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For Sale
Contact for pricing
Warehouse property in Maumee, Ohio available for purchase.
Property Size9,427 SF
Price / SF$60
Days on Market764
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
Listing Agency
Signature Associates
Listed by
Megan Malczewski · License #Ohio and Michigan
Source
Crexi
Added: Jun 13, 2024 Checked: Jul 15 at 12:57 pm
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Updated interior office area.
- Interior is in good condition.
- Year Built: 1955.
Local Financial Insights For Industrial
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 | $73.5k | $7.80 |
| − Vacancy | −$1.9k | −$0.20 |
| EGI | $71.7k | $7.60 |
| − OpEx | −$21.5k | −$2.28 |
| NOI | $50.2k | $5.32 |
9,427 SF · lease $7.80/SF/yr · vacancy 2.55% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$870.1K
$761.3K – $1.02M
NOI $60,907 @ 7.0% cap · market cap 10.59%
Second Best
Industrial
$716.6K
$627.0K – $836.0K
NOI $50,159 @ 7.0% cap · market cap 8.72%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,774 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hoffman Builders
Construction Company
Hold Fast Protective ...
Auto Parts Store
Similar For Sale Nearby
Similar Off Market 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
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.
