Turnkey Remodeled Office
2319 Detroit Ave Maumee, OH 43537
2319 Detroit Ave, Maumee, OH, 43537
$395,000
For Sale
$395,000
Completely remodeled in 2019 with office, conference, kitchen, four restrooms, and additional basement meeting space.
Property Size3,200 SF
Price / SF$123.44
Days on Market84
Property Features for 2319 Detroit Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1972
Listing agency
Signature Associates - Toledo
(419) 215-1008
Listed by
Megan Malczewski
(419) 215-1008
Source
Cpix.resimplifi
Added: Apr 29 Updated: Jul 21 at 5:36PM Checked: Jul 21 at 5:36PM
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 - Toledo
Investment Insights
Based on property information with market context.
This meticulously maintained turnkey commercial building was completely remodeled in 2019. Renovations included interior flooring, painting, drop ceiling, roof improvements, lighting, office(s), kitchen, and restrooms, along with updates to the basement featuring epoxy floors, lighting, and paint. The building also includes a parking lot and outdoor meeting space with a fire pit, brick pavers, and a storage shed, plus a newly installed footer tile around the building. An artistic exterior wall mural painted by Dean Davis adds a distinct visual element.
The property is located approximately 0.58 miles off US-24/Anthony Wayne Trail and about 2.06 miles from Downtown Maumee.
The layout provides a large open meeting space, offices, a conference room, a kitchen, and four restrooms, with a functional basement used for additional meeting space. The basement is fire suppressed.
The property is located approximately 0.58 miles off US-24/Anthony Wayne Trail and about 2.06 miles from Downtown Maumee.
The layout provides a large open meeting space, offices, a conference room, a kitchen, and four restrooms, with a functional basement used for additional meeting space. The basement is fire suppressed.
Key Highlights
- Completely remodeled in 2019; renovations include flooring, painting, drop ceiling, roof, and lighting
- Year built 1972 commercial building with large open meeting space plus offices and a conference room
- Includes a kitchen and 4 restrooms
Local 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 | $42.2k | $13.20 |
| − Vacancy | −$7.0k | −$2.17 |
| EGI | $35.3k | $11.03 |
| − OpEx | −$8.8k | −$2.76 |
| NOI | $26.5k | $8.27 |
3,200 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$378.0K
$330.8K – $441.0K
NOI $26,462 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$585.7K
$512.5K – $683.3K
NOI $40,997 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spring Green Educational ...
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Completely remodeled in 2019 with office, conference, kitchen, four restrooms, and additional basement meeting space.
Where is this office building located?
The property is located at 2319 Detroit Ave Maumee, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Completely remodeled in 2019; renovations include flooring, painting, drop ceiling, roof, and lighting; Year built 1972 commercial building with large open meeting space plus offices and a conference room; Includes a kitchen and 4 restrooms
