Flex Space with Heavy
For Sale
$3,095,000
3510 Briarfield Blvd, Maumee, OH 43537
Business park property offering office amenities, production capacity, and convenient regional highway access.
Property Size36,232 SF
Price / SF$85.42
Days on Market371
Property Features for 3510 Briarfield Blvd
General Information
Standard status
Active
Size
36,232 SF
Property subtype
Industrial
Zoning
M-1
Additional Details
Highway Access
Yes
Heavy Power
Yes
Amenities
conference room
kitchenette
Building Details
Building Size
36,232 SF
Year Built
1993
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Toledo
(419) 290-8334
Listed By:
Keenan Fields
(419) 290-8334
Source:
Cpix.resimplifi
Added: Aug 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:27AM
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 36,232-square-foot flex property was built in 1993 and is zoned M-1. The layout includes four private offices, a conference room, and a kitchenette, while heavy power supports industrial and operational requirements.
Positioned within a professional business park, the property provides access to US-23 and I-475 approximately 0.5 miles away. The Ohio Turnpike via I-80/I-90 is 4.6 miles from the site, providing a broader regional connection for employees, service providers, and logistics activity.
Positioned within a professional business park, the property provides access to US-23 and I-475 approximately 0.5 miles away. The Ohio Turnpike via I-80/I-90 is 4.6 miles from the site, providing a broader regional connection for employees, service providers, and logistics activity.
Key Highlights
- 36,232‑square‑foot flex property built in 1993
- M‑1 zoning supports an industrial property profile
- Four private offices, conference room, and kitchenette
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
$234,093
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
7.56%
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%
$4,681,860
$4.7M
Cap Rate 7%
$3,344,186
$3.3M
Cap Rate 9%
$2,601,033
$2.6M
Market Conditions
NOI Build-Up for 36,232 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
$282.6K $7.80/SF
− Vacancy
−$7.2K −$0.20/SF
EGI
$275.4K $7.60/SF
− OpEx
−$41.3K −$1.14/SF
NOI
$234.1K $6.46/SF
Area
Lucas County, OH
Vacancy
2.55%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$4,681,860
Cap Rate 7%
$3,344,186
Cap Rate 9%
$2,601,033
Alternative Uses
Best Use
Warehouse
$3.34M
$2.93M – $3.90M
NOI $234,093 @ 7.0% cap · market cap 7.56%
Second Best
Flex RnD
$3.27M
$2.86M – $3.81M
NOI $228,585 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$6.63M
$5.80M – $7.74M
NOI $464,186 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43537, OH
29,075
Population
13,071
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
1,563
Density / Sq Mi
$85,919
Median Household Income
$49,020
Median Earnings
$1,017
Median Rent
$235,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Business park property offering office amenities, production capacity, and convenient regional highway access.
Where is this flex space located?
The property is located at 3510 Briarfield Blvd Maumee, OH.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: 36,232‑square‑foot flex property built in 1993; M‑1 zoning supports an industrial property profile; Four private offices, conference room, and kitchenette
