Automotive Property For
For Sale
Contact for pricing
3325 Libbey Rd, Perrysburg, OH 43551
Automotive property available for sale with contractual 2% increases and 12 years remaining.
Property Size34,430 SF
Price / SF$79.97
Days on Market59
Property Features for 3325 Libbey Rd
General Information
Standard status
Active
Size
34,430 SF
Property subtype
Special Purpose
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$172,075
Building Details
Year Built
1977
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3824
Listed By:
Scott Gould · License #FL SL3288412
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 4 at 7:51AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This offering is an automotive-focused commercial property categorized as an auto shop/automotive real estate asset. The information provided describes the deal structure and remaining term rather than specific unit layouts or building features, so potential purchasers should review all underwriting and physical details as part of their due diligence.
The property is located at 3325 Libbey Rd in Perrysburg, Ohio 43551. The seller’s public remarks indicate a lease-related framework that includes 2% increases and 12 years remaining, which can be a key consideration for investors and owner-operators evaluating stability and long-range planning.
For buyers, the clearest practical takeaway is the built-in contractual payment escalator and remaining duration referenced in the remarks. That combination may appeal to those looking to acquire an automotive property with defined lease-term runway while planning for future occupancy or transition. Prospective purchasers should confirm how the increases apply, review the lease documents, and assess the property’s condition and suitability for the intended automotive use during due diligence.
The property is located at 3325 Libbey Rd in Perrysburg, Ohio 43551. The seller’s public remarks indicate a lease-related framework that includes 2% increases and 12 years remaining, which can be a key consideration for investors and owner-operators evaluating stability and long-range planning.
For buyers, the clearest practical takeaway is the built-in contractual payment escalator and remaining duration referenced in the remarks. That combination may appeal to those looking to acquire an automotive property with defined lease-term runway while planning for future occupancy or transition. Prospective purchasers should confirm how the increases apply, review the lease documents, and assess the property’s condition and suitability for the intended automotive use during due diligence.
Key Highlights
- Automotive property for sale
- Built in 1977
- Contractual 2% increases with 12 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$212,713
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,254,260
$4.3M
Cap Rate 7%
$3,038,757
$3.0M
Cap Rate 9%
$2,363,478
$2.4M
Market Conditions
NOI Build-Up for 34,430 SF
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.
Gross rent
$326.4K $9.48/SF
− Vacancy
−$22.5K −$0.65/SF
EGI
$303.9K $8.83/SF
− OpEx
−$91.2K −$2.65/SF
NOI
$212.7K $6.18/SF
Area
Wood County, OH
Vacancy
6.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,254,260
Cap Rate 7%
$3,038,757
Cap Rate 9%
$2,363,478
Alternative Uses
Best Use
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,713 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $136,045 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,369 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43551, OH
43,235
Population
19,434
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
77.6 sq mi
ZIP Area
557
Density / Sq Mi
$91,460
Median Household Income
$58,846
Median Earnings
$1,185
Median Rent
$284,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- W.W. Williams — 3325 Libbey Rd, Perrysburg, OH 43551
- Shrader Tire & Oil — 3511 Genoa Rd, Perrysburg, OH 43551
- TA Truck Service — 3483 Libbey Rd, Perrysburg, OH 43551
- TA Travel Center — 3483 Libbey Rd, Perrysburg, OH 43551
- Conlan Tire — 3423 Genoa Rd, Perrysburg, OH 43551
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property available for sale with contractual 2% increases and 12 years remaining.
Where is this auto shop located?
The property is located at 3325 Libbey Rd Perrysburg, OH.
What is the asking price?
The asking price for this property is $2,753,200.
What are key features of this property?
This property features: Automotive property for sale; Built in 1977; Contractual 2% increases with 12 years remaining
