Class A Office Space
3500 Granite Circle, Toledo, OH 43617
Turn-key professional office or medical endcap suite for sale.
Type:Office
Property size:
11,840 SFPrice / SF:
$143/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 5:03 am
Property Features for 3500 Granite Circle
General Information
- Standard status
- Active
- Size
- 11,840 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing agent Ozzie Ramirez License #0534431
Listing office AEA Realty, LLC (419) 351-1146
Listing date Nov 21, 2025
Source Naiglobal
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 AEA Realty, LLC
HighLights
- Class A office space in Sylvania Township, a desirable business district
- Turn‑key professional office space offering 7,840 square feet
- Excellent location near I‑475 and US‑23, providing easy access to key areas
- Includes 20 private offices, large conference room, and large kitchenette
- Medical endcap suite option with exam rooms, lab area, and patient restrooms
- Dedicated IT infrastructure with supplemental cooling and redundant fiber
Overview
Located in Sylvania Township, a desirable Toledo business district, 3500 Granite Circle offers Class A office space for sale. The well-established office park is conveniently located near I-475 and US-23, providing access to downtown Toledo, the University of Toledo, and surrounding areas. The location provides access to restaurants, retail centers, banks, and professional services. The property features 7,840 square feet of turn-key professional office space with two private entrances. The layout includes 20 private offices (13 perimeter, 2 executive with shared conference area), a large conference room, and a large kitchenette. There are four in-suite ADA restrooms, one with a shower. Dedicated IT infrastructure includes supplemental cooling and redundant fiber. The office features polished concrete in the bull pen and common areas, with carpeted offices. Custom furniture is available. The property also includes a medical endcap suite with 5 general offices, 4 exam rooms with sinks and casework, a large reception area, a lab area, and a work/records area with casework. There are two ADA patient restrooms, one staff restroom, and one private restroom. The layout is functional for medical uses. The property size is 11,840 square feet.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.22M
NOI $109,799 @ 9.00% cap · cautious / downside scenario
Moderate
$1.57M
NOI $109,799 @ 7.00% cap · market / base-case scenario
Aggressive
$2.20M
NOI $109,799 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.9k | $16.80 |
| − Vacancy | −$15.9k | −$1.34 |
| EGI | $183.0k | $15.46 |
| − OpEx | −$73.2k | −$6.18 |
| NOI | $109.8k | $9.27 |
11,840 SF · lease $16.80/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.57M
$1.37M – $1.83M
NOI $109,799 @ 7.0% cap · market cap 6.46%
Second Best
Office B
$1.54M
$1.35M – $1.80M
NOI $107,759 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,931 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Cooper-Smith Advertising
Advertising Agency
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Wood
- State
- Ohio
- Longitude
- -83.7138571
- Latitude
- 41.680294
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Turn-key professional office or medical endcap suite for sale.
Where is this office units located?
The property is located at 3500 Granite Circle Toledo, OH.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Class A office space in Sylvania Township, a desirable business district; Turn‑key professional office space offering 7,840 square feet; Excellent location near I‑475 and US‑23, providing easy access to key areas
