Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land on Route 25 Title is generated by Realmo AI

    23899 Bowling Green, Perrysburg, OH

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

    Commercial land with substantial frontage and exposure on Route 25.

    Type:LAND
    Lot size:
    33.81 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 23899 Bowling Green

    General Information

    Standard status
    Active
    Lot size
    33.81 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brian McMahon
    Brian McMahon

    Listing agent Brian McMahon

    Listing office Danberry National

    Listing date Nov 25, 2025

    Source Moodyscre

    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 Danberry National

    HighLights

    • Substantial frontage & exposure on Route 25.
    • In close proximity of all the new/existing residential growth.
    • Just south of Levis Commons Towne Center.

    Overview

    This commercial land offers substantial frontage and exposure on Route 25. It is located in close proximity to new and existing residential developments and just south of Levis Commons Towne Center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Perrysburg
    County
    Wood
    State
    Ohio
    Longitude
    -83.5665
    Latitude
    41.5305

    Nearby Similar for Sale

    • $560,000
      8,780 SF

      Industrial Property on 3.8 Acres

      8,780 SF industrial buildings on 3.8 acres for sale.
      13010 Five Point Rd, Perrysburg, OH 43551
      View Details
    • $6,933,375
      64,388 SF

      Retail Property in Perrysburg, OH

      Retail property available for sale in Perrysburg, Ohio.
      27322 Carronade Dr, Perrysburg, OH
      View Details
    • $500,000

      Redevelopment Land Near Fremont Pike

      5 acres of land ready for redevelopment near retail corridor.
      27536 Simmons Rd, Perrysburg, OH
      View Details
    • $1,300,000

      Perrysburg Commercial Property For Sale

      Commercial property with heavy power available for sale in Perrysburg.
      550 4th St, Perrysburg, OH 43551
      View Details
    • $880,500

      Prime Development Land Available

      5.87 acres near major highways and amenities.
      27931 Lime City, Perrysburg, OH
      View Details
    • $17,495,000

      Perrysburg Commercial Property For Sale

      Commercial property with expansion potential, visible from I-75.
      1775 Progress Dr, Perrysburg, OH 43551
      View Details
    • $2,064,250

      Development Site in Levis Commons

      3.59-acre corner lot near I-475/I-75 interchange.
      Dixie Highway , Perrysburg, OH
      View Details
    • $1,433,000
      5,260 SF

      Panera Bread Drive-Thru Opportunity

      Single tenant Panera Bread with drive-thru for sale.
      10981 Fremont Pike, Perrysburg, OH
      View Details
    • $230,000

      Perrysburg Twin-Plex with Two Units

      Twin-plex in Perrysburg with two 2-bedroom units.
      7259 Lunitas Lane, Perrysburg, OH 43551
      View Details
    • $1,001,100

      Prime Commercial Land on Fremont

      2.13 acres of commercial land with high traffic exposure.
      9875 Fremont Pike, Perrysburg, OH
      View Details
    • $5,855,000

      53.42 Acres Commercial Land

      53.42 acres of commercial land for sale.
      12325 Waterstone Ln, Perrysburg, OH
      View Details
    • $1,500,000

      Land on Signalized Corner

      Land with high visibility and connectivity for development.
      28214 Avenue Rd, Perrysburg, OH 43551
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with substantial frontage and exposure on Route 25.
    Where is this land located?
    The property is located at 23899 Bowling Green Perrysburg, OH.
    What are key features of this property?
    This property features: Substantial frontage & exposure on Route 25.; In close proximity of all the new/existing residential growth.; Just south of Levis Commons Towne Center.
    (419) 874-2800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian McMahon
    Brian McMahon
    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

    Thank You for Inquiry
    23899 Bowling Green , Perrysburg, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!