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    West Toledo Professional Office Space Title is generated by Realmo AI

    3454 Oak Alley Ct, Toledo, OH 43606

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    Professional office suites available in West Toledo, ranging from 770-1,871SF.

    Type:Office
    Property size:
    1,871 SF
    Added:
    Jul 16, 2023
    Days on Market:
    1047
    Last Refresh:
    May 12 at 10:41 pm

    Property Features for 3454 Oak Alley Ct

    General Information

    Standard status
    Active
    Size
    1,871 SF
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 3454 Oak Alley Ct Contact us

    3454 Oak Alley Suite 408 $10/Mo

    Size
    875 SF
    Type
    Office
    Professional office space with waiting room, breakroom, 2 large offices, one additional...
    show more
    Contact us

    Suite 405 $10/Mo

    Size
    1,650 SF
    Type
    Office
    Former Therapy offices. Waiting room, 5 large offices with windows and 1 staff office...
    show more
    Contact us

    Suite 202 $10/Mo

    Size
    1,821 SF
    Type
    Office
    3454 Oak Alley Court Suite 202nMedical office suite. Waiting room, 3 exam rooms,...
    show more
    Contact us

    We can help!

    Listing Contact
    Jeremy Miller

    Listing agent Jeremy Miller License #OH BRKP.2016000379

    Listing office Equity Mill Real Estate

    Listing date Jul 16, 2023

    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 Equity Mill Real Estate

    HighLights

    • Professional office space in a prime West Toledo location.
    • Multiple suites available, ranging from 770 SF to 1,871 SF to accommodate various business needs.
    • Suite 202: Equipped as a medical office featuring exam rooms, offices, and a private restroom.
    • Suites 306 & 405: Previously therapy offices, offering waiting rooms and large offices with windows.
    • Suite 405: Boasts 5 large offices with windows, a staff office with check‑in, and 2 entrances.
    • Suite 408: Features a waiting room, 3 offices, and a break room with storage.

    Overview

    Professional office spaces are available for rent at 3454 Oak Alley Court in Toledo, Ohio. Suite 202 is a medical office suite featuring a waiting room, three exam rooms, two offices, a reception area, a private restroom, and a breakroom/lab. Suite 306 offers 770 square feet and was formerly used as therapy offices, including a waiting room, kitchenette, and two large offices with windows. Suite 405, previously therapy offices, provides 1,650 square feet with a waiting room, five large offices with windows, a staff office with a check-in window, and two entrances. Suite 408 consists of 875 square feet and includes a waiting room, three offices, and a break room with storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Linda Ott, ND, ... Doctor Denis J. Lynch, ... Physician Nancy Harshman & Associates Physician Drescher and Associates Clinical ... Physician Fortener Roger PHD Physician

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • West Toledo Animal Hospital — 3203 W Sylvania Ave, Toledo, OH 43613
    • Bergstrom Anne DVM — 3209 W Sylvania Ave, Toledo, OH 43613, United States

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6286362
    Latitude
    41.6839432

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    FAQs

    What type of property is this?
    Medical Office Space - Professional office suites available in West Toledo, ranging from 770-1,871SF.
    Where is this medical office space located?
    The property is located at 3454 Oak Alley Ct Toledo, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Professional office space in a prime West Toledo location.; Multiple suites available, ranging from 770 SF to 1,871 SF to accommodate various business needs.; Suite 202: Equipped as a medical office featuring exam rooms, offices, and a private restroom.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Miller
    Real Estate License ID: OH BRKP.2016000379
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    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.

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